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The Home Depot (HD) Stock Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: October 10, 2024 (16:54)
Sector: Consumer cyclicalThe share price of The Home Depot, Inc. (HD) now
News Impact Analyzer
Full report|
This Week
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Na | Impact: Na | News: Na |
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Previous Week
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Na | Impact: Na | News: Na |
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Two Weeks Ago
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Bullish | Impact: 5 | News: 3 (3/0/0) |
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Three Weeks Ago
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Bullish | Impact: 1.33 | News: 2 (1/0/1) |
Analysts predictions
Full report|
This Week
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Neutral | Opinions: Na |
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Previous Week
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Neutral | Opinions: Na |
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Two Weeks Ago
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Neutral | Opinions: Na |
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Three Weeks Ago
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Bullish | Opinions: 3 (1/2/0) |
Analyzing the Most Important HD news
Home Depot Surges Near Early 2022 Highs Amid Rate Cut Optimism
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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.
The Home Depot, Inc. Analysts predictions review
As of now, Panda has combed through 3 analytical articles which are directly related to HD from the last 30 days. Out of these, 1 clearly showcase a bullish trend, while 0 see a bearish trend as the more likely scenario, and 2 stay neutral.
To identify the dominant trend, we took into account analytical articles from the past 30 days, spanning from Sep 13, 2024 to Sep 14, 2024.
Home Depot: Strong Performer Amidst Demographic and Economic Shifts
In the analysis presented by Sungarden Investment Publishing, the author maintains a Bullish stance on HD stock, underscoring a favorable outlook. With an impressive portfolio of 363 publications since 2014, the author is not just prolific but also highly credible, consistently delivering insightful financial perspectives. This credibility is further evidenced by a substantial following of 5,143 subscribers who value their expertise. The author's consistent output over nearly a decade showcases a strong commitment to sharing financial insights, reinforcing their authoritative position in the industry. Readers can expect well-founded and reliable analyses, making this review particularly insightful for investors considering HD stock.
Key Theses of Home Depot's Stock Review
- Home Depot is favored for its consistency, quality, and size in the current market environment.
- Long-term home improvement trends and demographics support Home Depot's revenue growth.
- Home Depot's strong profitability and manageable valuation make it a solid long-term investment.
- The author maintains a 5% portfolio position in Home Depot, focusing on dividend yield and price appreciation.
Key Factors Influencing Home Depot's Stock Price
Consistency and Quality of HD's Performance
HD's consistent performance and high quality as a large-cap stock make it favorable even in a competitive market, providing a stable investment option. This stability is marked by a high profitability rating (A+), encouraging long-term investors.
Demographic and Home Improvement Trends
With 70% of US homes over 25 years old, there is a significant trend towards home improvements, directly benefiting HD's business model. This demographic-driven demand supports continuation and growth in revenue over the next 5 years.
Current Economic Conditions
Higher interest rates and inflation may impact consumer spending, but the vast majority of US homeowners have mortgages locked at low rates, incentivizing home improvements rather than new purchases. This economic backdrop supports HD's business despite broader economic challenges.
Valuation and Stock Market Preferences
HD is trading at a modest discount relative to the market's price-to-sales ratio, reflecting market favor towards large-cap, high profitability stocks outside tech. This makes HD attractively positioned for investors seeking non-tech investments with stable returns.
Dividend Yield and Price Appreciation Strategy
Though HD’s dividend yield is modest, the stock's price appreciation potential combined with strategic position management in a portfolio supports its attractiveness from a dividend yield strategy perspective. The tactical management strategy allows for maximized income relative to position size.
Review the original Analysis
The Home Depot: A Strong Moat Amid Market Fluctuations
In this analytical review, Ken Taylor presents a detailed examination of HD stock, maintaining a neutral stance despite fluctuating market trends. Taylor has been an active contributor since 2023, and in a relatively short period, he has garnered significant attention with 27 publications and 265 subscribers. This indicates Taylor's ability to engage and inform a dedicated audience. While the numerical value of his authority coefficient suggests his credibility is in the early stages of development, the frequency and volume of his contributions highlight his commitment to providing insightful financial perspectives. Readers can expect a balanced and well-considered analysis from Taylor, reflecting his growing expertise and nuanced understanding of market dynamics.
Key Investment Theses
- The Home Depot's moat and market position support long-term growth despite no new store expansions.
- An aging U.S. housing stock and secular trends bolster demand for home improvements, ensuring stable revenue.
- Despite slight overvaluation, HD's competitive advantages and shareholder returns justify holding the stock.
Factors Influencing HD's Stock Price
Strong Moat
The Home Depot's significant scale and barriers to entry offer protection against new competitors, which supports sustained profitability. This moat, reflected in stable gross margins and high sales per square foot, secures its competitive advantage.
Aging U.S. Housing Stock
The median age of homes in the U.S. is around 43 years, suggesting a large portion of the housing stock will require renovations. This trend enhances long-term demand for home improvement supplies, benefiting The Home Depot's sales.
Operational Efficiency and Free Cash Flow
The Home Depot has significantly increased its free cash flow margins, reaching 11.8% in 2023, which indicates strong operational efficiency. This enhanced profitability boosts investor confidence and justifies the stock's valuation premium.
Valuation
With a P/E ratio of 25x, the stock is slightly overvalued by about 5.7% according to a discounted cash flow analysis. While this may deter some investors, the company's robust market position and growth prospects mitigate the impact of current overvaluation concerns.
Macroeconomic Conditions
Recession fears and consumer reluctance on large discretionary purchases could momentarily pressure HD’s earnings and stock price. However, its strong cash flow generation capacity offers a buffer against potential downturns.
Review the original Analysis
Commentary
Analyzing the average influence of factors impacting HD's stock, we find that the strong moat and operational efficiency play a major role, resulting in an average significance of about 7.8 out of 10. These influences suggest a steady, neutral trend in HD's stock in the next 15 days and the following month. Despite macroeconomic uncertainties, including recession fears, Home Depot's formidable cash flow generation provides a reassuring cushion against potential earnings volatility. Investors may find comfort in HD's stable market position and shareholder returns.
Comprehensive Analysis of The Home Depot (HD) Stock Market Performance
Our multifaceted analysis of The Home Depot's stock market is grounded in the company's key news stories, insights from reputable analysts, as well as mathematical and technical evaluations. Taking into account assessments from each of these aspects in real-time helps us address the most crucial questions for investors in the most objective way possible:
- 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.
The Home Depot, Inc. News influencing stock rates
As of now, Panda has combed through 5 news items directly related to HD from the last 30 days. Out of these, 4 clearly showcase a bullish trend, while 1 display bearish tendencies, and 0 events are neutral.
Based on an analysis of the most important news from the last 30 days affecting HD shares, it's clear that bullish sentiments are completely overshadowing bearish ones. The impact of positive news is more than five times as dominant as that of negative developments.
The news analyzed fell within the period from Sep 17, 2024, to Sep 24, 2024.
Fed's Guidance Could Propel Home Improvement Stocks Higher
August Sales Boost in Personal Care and E-Commerce, But Home Goods Lag
Home Depot Breaks Winning Streak, Analysts Remain Positive
Dividend Delights: Walmart, Home Depot, Chevron Lead the Charge
Home Depot Maintains Steady $2.25 Dividend, Yielding 2.5%
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.
Trending Themes in the Consumer Cyclical Sector
The Home Depot daily forecast for a month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct 12 | 421.66 | 419.55 | 423.85 | 1.03 |
| Oct 13 | 423.31 | 422.29 | 424.70 | 0.57 |
| Oct 14 | 420.81 | 419.50 | 423.29 | 0.90 |
| Oct 15 | 418.66 | 417.70 | 421.09 | 0.81 |
| Oct 16 | 418.62 | 416.90 | 419.75 | 0.68 |
| Oct 17 | 417.57 | 415.65 | 418.58 | 0.70 |
| Oct 18 | 415.57 | 414.49 | 417.90 | 0.82 |
| Oct 19 | 416.32 | 414.07 | 418.07 | 0.97 |
| Oct 20 | 416.86 | 414.73 | 418.53 | 0.91 |
| Oct 21 | 418.65 | 415.97 | 420.87 | 1.18 |
| Oct 22 | 420.49 | 417.68 | 423.06 | 1.29 |
| Oct 23 | 419.61 | 417.43 | 421.04 | 0.86 |
| Oct 24 | 423.47 | 422.54 | 425.33 | 0.66 |
| Oct 25 | 421.90 | 418.57 | 425.03 | 1.54 |
| Oct 26 | 419.88 | 418.79 | 423.20 | 1.05 |
| Oct 27 | 422.31 | 421.30 | 423.24 | 0.46 |
| Oct 28 | 425.31 | 422.59 | 426.20 | 0.86 |
| Oct 29 | 426.25 | 424.20 | 427.61 | 0.80 |
| Oct 30 | 422.88 | 421.44 | 424.78 | 0.79 |
| Oct 31 | 420.17 | 417.53 | 421.10 | 0.86 |
| Nov 01 | 420.80 | 418.45 | 424.09 | 1.35 |
| Nov 02 | 421.44 | 419.96 | 422.32 | 0.56 |
| Nov 03 | 424.64 | 421.33 | 426.34 | 1.19 |
| Nov 04 | 425.61 | 424.21 | 426.51 | 0.54 |
| Nov 05 | 423.78 | 421.84 | 424.97 | 0.74 |
| Nov 06 | 427.39 | 424.35 | 429.22 | 1.15 |
| Nov 07 | 428.80 | 426.40 | 431.03 | 1.09 |
| Nov 08 | 425.45 | 423.84 | 427.45 | 0.85 |
| Nov 09 | 426.77 | 423.87 | 427.97 | 0.97 |
| Nov 10 | 427.71 | 425.91 | 429.25 | 0.78 |
The Home Depot Daily Price Targets
The Home Depot Stock Forecast 10-12-2024.
Forecast target price for 10-12-2024: $421.66.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 1.015%.
Pessimistic target level: 419.55
Optimistic target level: 423.85
The Home Depot Stock Forecast 10-13-2024.
Forecast target price for 10-13-2024: $423.31.
Positive dynamics for The Home Depot shares will prevail with possible volatility of 0.568%.
Pessimistic target level: 422.29
Optimistic target level: 424.70
The Home Depot Stock Forecast 10-14-2024.
Forecast target price for 10-14-2024: $420.81.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 0.895%.
Pessimistic target level: 419.50
Optimistic target level: 423.29
The Home Depot Stock Forecast 10-15-2024.
Forecast target price for 10-15-2024: $418.66.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 0.805%.
Pessimistic target level: 417.70
Optimistic target level: 421.09
The Home Depot Stock Forecast 10-16-2024.
Forecast target price for 10-16-2024: $418.62.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 0.678%.
Pessimistic target level: 416.90
Optimistic target level: 419.75
The Home Depot Stock Forecast 10-17-2024.
Forecast target price for 10-17-2024: $417.57.
Negative dynamics for The Home Depot shares will prevail with possible volatility of 0.698%.
Pessimistic target level: 415.65
Optimistic target level: 418.58
HD (HD) Monthly Stock Prediction for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Nov. | 426.81 | 410.59 | 431.08 | 4.75 |
| Dec. | 417.21 | 412.62 | 423.47 | 2.56 |
The Home Depot forecast for this year
The Home Depot Stock Prediction for Nov 2024
An uptrend is forecast for this month with an optimal target price of $426.812. Pessimistic: $410.59. Optimistic: $431.08
The Home Depot Stock Prediction for Dec 2024
An downtrend is forecast for this month with an optimal target price of $417.209. Pessimistic: $412.62. Optimistic: $423.47
The Home Depot (HD) Monthly Stock Prediction for 2025
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 410.12 | 402.12 | 420.17 | 4.29 |
| Feb | 397.61 | 388.07 | 409.54 | 5.24 |
| Mar | 395.02 | 386.53 | 409.84 | 5.69 |
| Apr | 413.00 | 405.56 | 419.61 | 3.35 |
| May | 417.33 | 404.40 | 427.56 | 5.42 |
| Jun | 407.74 | 398.77 | 419.76 | 5.00 |
| Jul | 409.16 | 405.07 | 416.12 | 2.66 |
| Aug | 427.17 | 416.06 | 440.19 | 5.48 |
| Sep | 412.86 | 400.26 | 420.70 | 4.86 |
| Oct | 402.74 | 395.49 | 417.44 | 5.26 |
| Nov | 402.34 | 396.91 | 414.41 | 4.22 |
| Dec | 397.11 | 390.95 | 412.99 | 5.34 |
The Home Depot (HD) Monthly Stock Prediction for 2026
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 406.84 | 390.77 | 411.92 | 5.14 |
| Feb | 424.13 | 409.92 | 431.34 | 4.97 |
| Mar | 427.31 | 423.04 | 439.49 | 3.74 |
| Apr | 436.07 | 419.06 | 441.74 | 5.13 |
| May | 453.73 | 437.39 | 464.16 | 5.77 |
| Jun | 445.56 | 430.86 | 460.93 | 6.52 |
| Jul | 449.79 | 440.80 | 466.44 | 5.50 |
| Aug | 447.77 | 437.02 | 464.11 | 5.84 |
| Sep | 440.38 | 431.35 | 445.01 | 3.07 |
| Oct | 457.12 | 443.63 | 474.26 | 6.46 |
| Nov | 462.15 | 447.36 | 472.08 | 5.24 |
| Dec | 483.17 | 463.85 | 490.18 | 5.37 |
The Home Depot information and performance
2455 PACES FERRY ROAD, ATLANTA, GA, US
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 of The Home Depot is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
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.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
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 P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
The Home Depot (HD) stock dividend
The Home Depot last paid dividends on 08/29/2024. The next scheduled payment will be on 09/12/2024. The amount of dividends is $8.84 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 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.
Commentary
The Home Depot stands out in an increasingly competitive market thanks to its consistent performance and alignment with long-term demographic trends. With a significant 70% of US homes exceeding 25 years in age, the demand for home improvements is poised to benefit Home Depot considerably. This fundamental factor strongly influences its stock, offering sustained revenue growth and encouraging investor confidence. Furthermore, Home Depot’s stable position, reflected by its high profitability, signifies a solid long-term investment opportunity, underscoring the company's resilience amidst fluctuating market conditions.
Considering the broader economic context, such as inflation and interest rates, the analysis reveals that Home Depot's strategic approach—targeting home improvements over new purchases—may shield it from potential economic downturns. The slightly discounted valuation, coupled with its ability to offer moderate dividend yields enhanced by price appreciation potential, makes Home Depot a strategic asset for investors seeking non-tech stable returns. Evaluating the significance scores yields an average influence strength of 7.4, indicating that substantial, favorable factors are supporting its stock. Notably, the bullish trend is anticipated to continue, propelled by demographic demands and Home Depot's robust market positioning over both the short and long term.