53/100BHome Depot stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Home Depot is 378.64, 7.8% above the current price of 351.33. Their targets range from 322.00 to 425.00.
Of the 25 firms that rated Home Depot in the past 12 months, 18 rate it buy or strong buy, 7 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 322.00 to 425.00, with an average of 378.64.
| Buy | 18 | |
| Hold | 7 | |
| Sell | 0 |
12-month price target
| Highest target | 425.00 |
| Average target | 378.64 |
| Lowest target | 322.00 |
| Current price | 351.33 |
Home Depot price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Home Depot price target and rating?
How analysts rate Home Depot, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
18 of 25 firms rate it buy now, against 18 of 22 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Home Depot analyst upgrades, downgrades and price targets
The latest rating change came on 23 June 2026, when Wolfe Research downgraded Home Depot from Outperform to Peer Perform. The most recent new target came from Stifel Nicolaus on 26 October 2026: 322.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 26 Oct 2026 | Stifel Nicolaus | Reiterated · Hold | 340.00 → 322.00 | -5.3% | 319.83 |
| 6 Oct 2026 | Melius Research Michael Rehaut | — | 397.00 | — | 285.36 |
| 19 Aug 2026 | Bernstein Zhihan Ma | — | 344.00 → 354.00 | +2.9% | 347.67 |
| 19 Aug 2026 | RBC Capital Steven Shemesh | Reiterated · Sector Perform | 343.00 → 342.00 | -0.3% | 347.75 |
| 19 Aug 2026 | UBS | Reiterated · Buy | 430.00 → 420.00 | -2.3% | 348.09 |
| 19 Aug 2026 | Truist Financial | Reiterated · Buy | 369.00 → 373.00 | +1.1% | 337.49 |
| 19 Aug 2026 | Mizuho Securities David Bellinger | Reiterated · Outperform | 385.00 → 390.00 | +1.3% | 337.49 |
| 18 Aug 2026 | Jefferies Jonathan Matuszewski | — | 361.00 → 398.00 | +10.2% | 337.64 |
| 17 Aug 2026 | Stifel Nicolaus | Reiterated · Hold | 320.00 → 340.00 | +6.3% | 338.86 |
| 12 Aug 2026 | RBC Capital | Reiterated · Sector Perform | 340.00 → 343.00 | +0.9% | 345.44 |
| 12 Aug 2026 | Bernstein | — | 346.00 → 344.00 | -0.6% | 345.24 |
| 23 Jun 2026 | Wolfe Research | Downgraded · Outperform → Peer Perform | — | — | — |
| 20 May 2026 | Morgan Stanley | Reiterated · Overweight | 412.00 → 400.00 | -2.9% | 300.46 |
| 20 May 2026 | RBC Capital Steven Shemesh | Reiterated · Sector Perform | 366.00 → 340.00 | -7.1% | 302.44 |
| 20 May 2026 | Piper Sandler | Reiterated · Overweight | 421.00 → 378.00 | -10.2% | 302.44 |
| 20 May 2026 | Mizuho Securities | Reiterated · Outperform | 385.00 | — | 302.44 |
| 20 May 2026 | Guggenheim Steven Forbes | Reiterated · Buy | 425.00 | — | 302.44 |
| 20 May 2026 | Wells Fargo | Reiterated · Overweight | 375.00 → 360.00 | -4.0% | 302.44 |
| 20 May 2026 | Bernstein Zhihan Ma | — | 365.00 → 346.00 | -5.2% | 302.44 |
| 19 May 2026 | D.A. Davidson Michael Baker | — | 445.00 → 377.00 | -15.3% | 302.44 |
| 19 May 2026 | Wolfe Research Spencer Hanus | — | 497.00 → 365.00 | -26.6% | 300.71 |
| 19 May 2026 | Jefferies | Reiterated · Buy | 454.00 → 361.00 | -20.5% | 300.91 |
| 19 May 2026 | Truist Financial | — | 394.00 → 369.00 | -6.3% | 301.72 |
| 18 May 2026 | Stifel Nicolaus | Reiterated · Hold | 432.00 → 320.00 | -25.9% | 297.51 |
| 15 May 2026 | Piper Sandler | Reiterated · Overweight | 422.00 → 421.00 | -0.2% | 304.35 |
| 14 May 2026 | Wells Fargo | Reiterated · Overweight | 395.00 → 375.00 | -5.1% | 302.55 |
| 14 May 2026 | Bernstein | Reiterated · Market Perform | 381.00 → 365.00 | -4.2% | 302.55 |
| 13 May 2026 | Truist Financial | Reiterated · Buy | 424.00 → 394.00 | -7.1% | 301.58 |
| 25 Feb 2026 | Telsey Advisory | Reiterated · Outperform | 410.00 → 435.00 | +6.1% | 374.54 |
| 24 Feb 2026 | D.A. Davidson | — | 407.00 → 445.00 | +9.3% | 384.56 |
| 24 Feb 2026 | Jefferies | Reiterated · Buy | 424.00 → 454.00 | +7.1% | 384.48 |
| 24 Feb 2026 | Truist Financial | — | 405.00 → 424.00 | +4.7% | 384.56 |
| 23 Feb 2026 | Piper Sandler | Reiterated · Overweight | 441.00 → 422.00 | -4.3% | 382.25 |
| 18 Feb 2026 | Bernstein | Reiterated · Market Perform | 362.00 → 381.00 | +5.2% | 383.04 |
| 16 Jan 2026 | Truist Financial | — | 390.00 → 405.00 | +3.8% | 379.16 |
| 15 Jan 2026 | Morgan Stanley | Reiterated · Overweight | 395.00 → 412.00 | +4.3% | 375.95 |
| 17 Dec 2025 | Truist Financial | — | 379.00 → 390.00 | +2.9% | 355.86 |
| 10 Dec 2025 | D.A. Davidson | — | 430.00 → 407.00 | -5.3% | 346.80 |
| 10 Dec 2025 | RBC Capital Steven Shemesh | Reiterated · Sector Perform | 366.00 | — | 347.06 |
| 10 Dec 2025 | Wells Fargo | Reiterated · Overweight | 400.00 → 395.00 | -1.2% | 345.27 |
| 10 Dec 2025 | UBS | Reiterated · Buy | 445.00 → 430.00 | -3.4% | 345.27 |
| 10 Dec 2025 | Piper Sandler Peter Keith | Reiterated · Overweight | 418.00 → 441.00 | +5.5% | 345.27 |
| 10 Dec 2025 | Goldman Sachs | — | 413.00 | — | 345.27 |
| 10 Dec 2025 | Telsey Advisory Joseph Feldman | Reiterated · Outperform | 410.00 | — | 345.27 |
| 10 Dec 2025 | Jefferies Jonathan Matuszewski | — | 424.00 | — | 345.27 |
| 24 Nov 2025 | Bernstein Zhihan Ma | — | 398.00 → 362.00 | -9.0% | 339.36 |
| 19 Nov 2025 | D.A. Davidson | — | 430.00 | — | 334.50 |
| 19 Nov 2025 | UBS | Reiterated · Buy | 445.00 | — | 334.50 |
| 19 Nov 2025 | Wells Fargo Zachary Fadem | Reiterated · Overweight | 420.00 → 400.00 | -4.8% | 336.48 |
| 19 Nov 2025 | Morgan Stanley Simeon Gutman | Reiterated · Overweight | 395.00 | — | 336.48 |
Home Depot EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Home Depot's EPS to grow 3.7% a year until 2028. Over the last 5 years it grew 3.6% a year, and over the last 3 years it fell 5.2%.
Analysts expect Home Depot's revenue to grow 2.5% a year until 2028, about as fast as over the last 5 years (4.5% a year) and the last 3 years (1.5%).
Revenue
EPS
Does Home Depot beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 2.2% off the result, either way, and their revenue estimate 1.3%, over the last 12 quarters.
- EPS beats
- 94 / 135
- Revenue beats
- 87 / 110
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +1.5%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 18 Aug 2026 | 4.73 | 4.92 | +4.0% | 47.24B | 47.86B | +1.3% |
| Q1 FY2027 | 19 May 2026 | 3.41 | 3.43 | +0.6% | 41.59B | 41.77B | +0.4% |
| Q4 FY2026 | 24 Feb 2026 | 2.53 | 2.72 | +7.5% | 38.09B | 38.20B | +0.3% |
| Q3 FY2026 | 18 Nov 2025 | 3.83 | 3.74 | -2.3% | 41.17B | 41.35B | +0.5% |
| Q2 FY2026 | 19 Aug 2025 | 4.72 | 4.68 | -0.8% | 45.41B | 45.28B | -0.3% |
| Q1 FY2026 | 20 May 2025 | 3.60 | 3.56 | -1.1% | 39.30B | 39.86B | +1.4% |
| Q4 FY2025 | 25 Feb 2025 | 3.04 | 3.13 | +3.0% | 39.15B | 39.70B | +1.4% |
| Q3 FY2025 | 12 Nov 2024 | 3.64 | 3.67 | +0.8% | 39.31B | 40.22B | +2.3% |
| Q2 FY2025 | 13 Aug 2024 | 4.49 | 4.60 | +2.4% | 42.57B | 43.18B | +1.4% |
| Q1 FY2025 | 14 May 2024 | 3.60 | 3.63 | +0.8% | 36.63B | 36.42B | -0.6% |
| Q4 FY2024 | 20 Feb 2024 | 2.77 | 2.82 | +1.8% | 34.64B | 34.79B | +0.4% |
| Q3 FY2024 | 14 Nov 2023 | 3.76 | 3.81 | +1.3% | 35.66B | 37.71B | +5.7% |
Home Depot stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Home Depot's earnings keep growing at the 5.3% a year analysts expect to FY2029, it would earn about 19.06 a share in FY2031. At the P/E it has traded at over the last five years (18.8 to 27.3) that is 357.80 to 520.81 a share, or 457.87 at its average P/E of 24.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 14.99 | 281.41 | 360.11 | 409.61 |
| FY2028 | 15.85 | 297.60 | 380.82 | 433.17 |
| FY2029 | 17.18 | 322.49 | 412.68 | 469.41 |
| FY2030 (extrapolated) | 18.10 | 339.69 | 434.69 | 494.44 |
| FY2031 (extrapolated) | 19.06 | 357.80 | 457.87 | 520.81 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 5.3% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (18.8, 24.0, 27.3).
Is Home Depot stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Home Depot's P/E of 24.5 is above the middle of its 5-year range (16.3 to 29.2, median 22.9). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay about the usual price for each point of growth: a PEG of 6.7 on expected growth against 6.4 on its median P/E and past five years' growth. At its usual P/E (22.9 × EPS of 14.32), Home Depot's fair value is 328.52; the price, 351.33, is 6.9% above it. Its forward P/E, on the consensus for FY2027, is 23.4.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (16.3 and 29.2). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 24.53
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 22.94
- Five-year P/E range
- 16.3 – 29.2
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 23.44
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 4.60
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +7.8%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 64.525 | 127.9762Price 64.53185 | +98.3% | |
| 28.410 | 56.3234Price 28.4196 | +98.2% | |
| 153.725 | 297.58169Price 153.73471 | +93.6% | |
| 243.002 | 464.71205Price 243.00627 | +91.2% | |
| 160.085 | 305.52160Price 160.09396 | +90.8% | |
| 37.565 | 71.4258Price 37.57193 | +90.1% | |
| 160.240 | 300.28225Price 160.24375 | +87.4% |
Furthest below the fair value on each stock's page, updated every day.