The Home Depot (HD) Stock Forecast for 2024–2028. Sell or Buy Prediction







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The Home Depot (HD) Stock Forecast for 2024–2028. Sell or Buy?

Updated: June 23, 2024 (10:07)

Sector: Consumer cyclical

The share price of The Home Depot, Inc. (HD) now

Latest session on the 21st of June for
The Home Depot, Inc. is positive
Trading Volume: 6596539
Open: 354.84 /  High: 356.25 /  Low: 352.05
What analysts predict: $382.01
52-week High/Low: $394.13 / $268.94

50/200 Day Moving Average: $337.92 / $336.04

This figure corresponds to the Average Price over the previous 50/200 days. For The Home Depot stocks, the 50-day moving average is the support level today.

For The Home Depot stocks, the 200-day moving average is the support level today.

Are you interested in The Home Depot, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the The Home Depot stock price in 2024, 2025, 2026, 2027, 2028. How much will one The Home Depot share be worth in 2024 - 2028?

When should I take profit in The Home Depot stock? When should I record a loss on The Home Depot stock? What are analysts' forecasts for The Home Depot stock? What is the future of The Home Depot stock? We forecast The Home Depot stock performance using neural networks based on historical data on The Home Depot stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The Home Depot stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for The Home Depot shares. This happens once a day.


Historical and forecast chart of The Home Depot stock

The chart below shows the historical price of The Home Depot stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the The Home Depot stock price can be found in the table below.

Long-term forecasts by years.

Will Home Depot Weather the Economic Storm? Forecasting HD's Stock Performance

Trend: Neutral
Jun 19, 2024

In the bustling world of stock market investments, accurately predicting stock price movements is akin to capturing lightning in a bottle. For The Home Depot (HD), several pressing factors are poised to shape its stock price trajectory. Analysts and investors alike are closely monitoring these variables to refine their HD stock forecast and determine if HD is a good stock to buy or sell. At the heart of this analysis are key determinants that could significantly sway HD's financial outlook: weakening consumer spending, a downturn in the building materials and garden sector, and dour homebuilder sentiment.

Decoding HD's Stock Future

For those keeping a keen eye on HD stock price predictions, understanding how these factors interplay is crucial. Weakening consumer spending, brought on by inflation and elevated interest rates, is at the forefront. As wallets tighten, discretionary spending on home improvements may dwindle, directly impacting HD's bottom line. Additionally, the observed decline in the building materials and garden sector casts a shadow over HD's traditionally strong spring selling season. Finally, waning homebuilder confidence, as reflected by the unexpected dip in the NAHB Housing Market Index, suggests a cooling in new home construction and renovations—a sector HD heavily relies upon.

To navigate these turbulent waters, analysts synthesizing an HD stock price target must weigh these dynamics carefully. The interrelation between consumer spending tendencies, sector-specific performance, and homebuilder enthusiasm offers a nuanced insight into HD's fiscal health. By evaluating the impact of these factors, forecasts can move beyond mere speculation, offering a more grounded HD stock buy or sell recommendation. As the economic landscape evolves, those armed with in-depth analysis and a keen understanding of the broader market dynamics will be best positioned to predict the future of The Home Depot stock forecast accurately.

  • Weakening consumer spending
  • Decline in building materials and garden sector
  • Weak homebuilder sentiment
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Decoding Home Depot's Stock Trajectories: A Glimpse into the Future

Trend: Bullish
May 22, 2024

Home Depot's stock, often symbolized as HD, stands at a crossroads, primarily influenced by three pivotal factors. To forecast HD stock rates accurately, understanding these elements is crucial. First, earnings figures play a significant role, with Home Depot's EPS surpassing expectations in Q1, although concerns loom over missed revenue targets. This duality in financial performance signals a complex landscape for HD stock price prediction. Analysts focusing on HD stock forecast pay close attention to these earnings reports, extracting insights on consumer behavior and market trends.

Guiding Factors for Accurate Stock Predictions

Secondly, Home Depot's strategic pivot towards professional customers, chiefly illustrated by its acquisition of SRS Distribution, offers a fresh revenue stream. Analysts mulling over whether HD is a good stock to buy are closely monitoring the impacts of this shift. This move could potentially fortify Home Depot's market position, influencing HD stock price target positively.

Lastly, the prevailing high-interest rate environment casts a shadow on consumer spending on significant renovations. This fiscal climate could dampen sales, thereby affecting the HD stock buy or sell decisions. Thus, for those deciphering the Home Depot stock forecast, factoring in interest rates is key.

In sum, by meticulously analyzing these factors, analysts can provide a more nuanced HD stock price prediction. Whether debating if HD is a good stock to buy or predicting the future movements of Home Depot's stock, these elements offer a roadmap for navigating the investment landscape.

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Unlocking the Future of HD Stocks: Navigating Through Opportunities & Challenges

Trend: Neutral
May 19, 2024

As we delve into the dynamic world of stock market predictions, The Home Depot (HD) finds itself at a pivotal juncture influenced by a myriad of critical factors. At the forefront of influencing the trajectory of HD stock rates are the macroeconomic environment and interest rates, spring weather conditions, the performance of the Professional segment, and the acquisition of SRS Distribution. These elements collectively paint a complex but navigable landscape for those looking to forecast HD's future in the stock market.

Deciphering the Signals: A Guide to HD’s Stock Forecast

To decode the future movements of HD's stock price, analysts must pay close attention to these vital indicators. The macroeconomic climate, coupled with interest rates, holds considerable sway over consumer spending and investments, directly impacting HD stock price predictions. An anticipated shift in Federal Reserve policies could signal burgeoning opportunities for HD, especially if rate cuts encourage more significant investments in large projects, brightening the outlook for those contemplating if HD is a good stock to buy.

Not to be underestimated, spring weather conditions emerge as an underpinning factor, especially relevant for HD’s outdoor categories. A robust understanding of these patterns allows analysts to anticipate fluctuations, enhancing the HD stock forecast. Furthermore, the Professional segment’s performance and the strategic acquisition of SRS Distribution are pivotal, forecasting long-term growth but requiring nuanced analysis to gauge their impact on the HD stock price target.

In conclusion, by systematically evaluating these factors, analysts can offer more nuanced advice on whether HD stock is a buy or sell, crafting a well-rounded HD stock forecast. As these elements intertwine, they present a fertile ground for making informed predictions, offering a lens to view the potential highs and lows of The Home Depot stock forecast.

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About author

The Home Depot, Inc. – American retail network for those who are going to fix or build a house. Home Depot operates in both the professional and DIY (do-it-yourself) segments. In addition to tools, paints, materials and garden accessories, Home Depot offers its customers services for the installation and delivery of various products and structures. After the deepest housing crisis, the company focused on the development of its American division. In addition to the United States, Home Depot is represented in Canada, Mexico and China.

The Home Depot daily forecast for a month

Date Target Pes. Opt. Vol., %
Jun 25 354.27 353.24 356.22 0.84
Jun 26 353.67 351.37 355.97 1.31
Jun 27 354.13 353.14 355.23 0.59
Jun 28 354.98 353.91 357.04 0.88
Jun 29 356.93 354.65 358.11 0.98
Jun 30 358.29 355.71 361.15 1.53
Jul 01 359.83 357.99 360.66 0.74
Jul 02 361.23 360.15 362.28 0.59
Jul 03 362.97 361.73 364.02 0.63
Jul 04 361.22 358.55 363.64 1.42
Jul 05 360.93 359.67 362.16 0.69
Jul 06 359.56 358.63 362.12 0.97
Jul 07 360.86 359.92 361.76 0.51
Jul 08 362.27 359.77 365.13 1.49
Jul 09 364.00 361.35 365.64 1.19
Jul 10 367.06 365.81 369.89 1.11
Jul 11 368.46 367.06 371.15 1.11
Jul 12 367.35 364.45 369.81 1.47
Jul 13 369.19 366.53 370.00 0.95
Jul 14 369.85 366.93 371.78 1.32
Jul 15 368.30 366.02 370.14 1.13
Jul 16 365.87 363.86 368.61 1.31
Jul 17 364.44 363.38 366.81 0.94
Jul 18 366.56 363.77 369.19 1.49
Jul 19 366.08 363.41 369.01 1.54
Jul 20 368.75 367.39 370.63 0.88
Jul 21 366.98 365.48 368.30 0.77
Jul 22 368.34 366.09 370.07 1.09
Jul 23 369.70 368.96 371.44 0.67
Jul 24 371.18 369.73 373.74 1.08

The Home Depot Daily Price Targets


The Home Depot Stock Forecast 06-25-2024.

Forecast target price for 06-25-2024: $354.27.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 0.835%.
Pessimistic target level: 353.24
Optimistic target level: 356.22

The Home Depot Stock Forecast 06-26-2024.

Forecast target price for 06-26-2024: $353.67.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 1.291%.
Pessimistic target level: 351.37
Optimistic target level: 355.97

The Home Depot Stock Forecast 06-27-2024.

Forecast target price for 06-27-2024: $354.13.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 0.588%.
Pessimistic target level: 353.14
Optimistic target level: 355.23

The Home Depot Stock Forecast 06-28-2024.

Forecast target price for 06-28-2024: $354.98.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 0.875%.
Pessimistic target level: 353.91
Optimistic target level: 357.04

The Home Depot Stock Forecast 06-29-2024.

Forecast target price for 06-29-2024: $356.93.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 0.967%.
Pessimistic target level: 354.65
Optimistic target level: 358.11

The Home Depot Stock Forecast 06-30-2024.

Forecast target price for 06-30-2024: $358.29.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 1.508%.
Pessimistic target level: 355.71
Optimistic target level: 361.15

HD (HD) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jul. 347.61 336.66 354.56 5.05
Aug. 354.56 346.41 362.54 4.45
Sep. 347.65 338.96 356.34 4.88
Oct. 348.86 336.13 355.84 5.54
Nov. 331.60 326.29 341.87 4.56
Dec. 340.55 333.74 347.36 3.92

The Home Depot forecast for this year


The Home Depot Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $347.608. Pessimistic: $336.66. Optimistic: $354.56


The Home Depot Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $354.56. Pessimistic: $346.41. Optimistic: $362.54


The Home Depot Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $347.646. Pessimistic: $338.96. Optimistic: $356.34


The Home Depot Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $348.863. Pessimistic: $336.13. Optimistic: $355.84


The Home Depot Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $331.595. Pessimistic: $326.29. Optimistic: $341.87


The Home Depot Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $340.548. Pessimistic: $333.74. Optimistic: $347.36



The Home Depot (HD) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 339.19 325.79 346.82 6.06
Feb 333.59 321.75 342.93 6.18
Mar 334.26 323.39 341.44 5.29
Apr 341.61 334.78 348.27 3.87
May 342.81 332.52 355.66 6.51
Jun 335.61 326.38 339.97 4.00
Jul 336.28 330.39 341.99 3.39
Aug 345.19 340.70 354.51 3.89
Sep 354.34 341.58 359.47 4.98
Oct 355.93 350.95 368.74 4.83
Nov 361.27 347.90 374.28 7.05
Dec 367.23 353.64 381.00 7.18

The Home Depot (HD) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 369.99 360.37 376.28 4.23
Feb 373.50 361.92 379.10 4.53
Mar 369.77 356.08 384.56 7.40
Apr 367.92 364.05 373.07 2.42
May 351.54 345.57 361.39 4.38
Jun 362.27 354.12 376.39 5.92
Jul 374.95 363.32 389.57 6.74
Aug 374.38 365.59 380.94 4.03
Sep 368.58 356.97 374.11 4.58
Oct 350.52 342.46 364.19 5.97
Nov 347.01 334.52 360.37 7.17
Dec 350.14 342.08 355.04 3.65

The Home Depot (HD) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 340.16 333.19 352.91 5.59
Feb 344.24 330.82 357.84 7.55
Mar 358.35 345.99 362.12 4.45
Apr 352.62 348.57 359.50 3.04
May 350.15 340.70 359.78 5.30
Jun 350.68 346.29 361.72 4.27
Jul 345.94 333.49 356.50 6.45
Aug 360.82 350.54 369.66 5.17
Sep 361.54 356.84 369.31 3.38
Oct 356.30 343.47 367.34 6.50
Nov 352.91 348.33 366.68 5.00
Dec 347.44 335.98 355.61 5.52

The Home Depot (HD) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 353.00 348.24 361.65 3.71
Feb 347.18 343.53 358.29 4.12
Mar 354.47 342.24 360.14 4.97
Apr 370.07 359.15 382.28 6.05
May 361.74 351.07 366.62 4.24
Jun 366.98 354.69 371.57 4.54
Jul 369.37 359.40 381.93 5.90
Aug 371.96 367.12 380.88 3.61
Sep 385.90 378.96 393.24 3.63
Oct 374.13 359.92 380.68 5.45
Nov 373.01 360.70 378.61 4.73
Dec 378.05 372.57 382.21 2.52

The Home Depot information and performance

The Home Depot Address

2455 PACES FERRY ROAD, ATLANTA, GA, US

Market Capitalization: 351 369 495 000 $

Market capitalization of the The Home Depot, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of HD shares in the company outstanding by the market price of one share.

EBITDA: 24 508 000 000 $

EBITDA of The Home Depot is earnings before interest, income tax and depreciation of assets.

PE Ratio: 23.73

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.864

Price/earnings to growth

DPS: 8.68

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0254

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 14.93

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.05
Quarterly Revenue Growth YOY: -0.023
Trailing PE: 23.73

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 21.93

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.496

Enterprise Value (EV) /Revenue

EV To EBITDA: 15.17

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 991614000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

The Home Depot (HD) stock dividend

The Home Depot last paid dividends on 05/30/2024. The next scheduled payment will be on 06/13/2024. The amount of dividends is $8.68 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.