Will Home Depot go up or down?
🔍 Analyst opinions and projections
Overall rating:
•Most analysts rate Home Depot as “Strong Buy” or “Buy,” indicating an expectation of appreciation.
12-month target prices:
•The estimated average price ranges between USD 423 and USD 431, representing an upside potential of approximately 14 % to 17 % from the current level.
•Expected maximum values of USD 475 and minimums of USD 360 are reported, according to different analysis firms.
Longer-term outlook:
•Some medium to long-term estimates project prices of USD 450 for 2027 and
USD 500‑550 towards 2029
Sector fundamentals:
•Experts like Melius Research highlight that, even with high mortgage rates and low turnover in the housing market, there is pent-up demand for renovations and home improvements, benefiting companies like Home Depot and supporting a bullish projection.
Additionally, structural factors such as the aging housing stock and housing deficit fuel sustained demand for Home Improvement products.
Summary
•Analyst recommendation: Strong Buy / Buy
•Expected increase: approximately 14 %–17 % in the next 12 months (targets between USD 425 and USD 431)
•Possible range depending on scenario: between USD 360 (low) and USD 475 (high)
•Overall trend: bullish, supported by sector fundamentals and consumer demand