Home Depot, Inc. (HD) Stock Forecast & Predictions

Home Depot, Inc. HD: $321.46

2455 Paces Ferry Rd SE, Atlanta, Georgia, US. | Sector: Retail Trade | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.homedepot.com/

  • Market Cap$350.47B
  • Change (52 Weeks)63.34%
  • Low (52 Weeks)$197.61
  • Home Depot, Inc. (HD) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 25.00% on Sell, and 43.75% Neutral.

    According to the market data, Home Depot, Inc. (HD) stock price is $321.46 and the 52 weeks low is $197.61, which means the Home Depot, Inc. stock price is up 63.34% in the last 12 months.

    Home Depot, Inc. (HD) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that HD Stock price might rise further, 25.00% indicating that HD Stock price might fall, and 43.75% are in a neutral position.

    Based on these technical algorithms, overall HD stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Home Depot, Inc. (HD) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Home Depot, Inc. (HD) is based on 45 Institutional Analyst Ratings where 48.89% are on Strong Buy, 26.67% on Moderate Buy, 22.22% remains on Hold, 2.22% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 45 Institutional Analysts, majority recommended HD stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Home Depot, Inc..

    Home Depot, Inc. (HD) Stock Price Prediction By Analysts


    HighLowAverage
    $393.75$241.39$315.27
    $315.271.93% Downside
    Updated: 2021-04-22 00:00:00

    The Average Price target for HD set by the institutional analysts is $315.27 where High Estimate is $393.75, Median $316.2 and Low $241.39.

    The average price target for HD by Institutional Analysts is $315.27, which is 1.93% Downside from the current price. So according to the Institutional Analysts, HD Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Home Depot, Inc. (HD) Stock Forecast Based on News Sentiment


    Bullish
    Based on 33 articles published Last Week, where 75.00% are Bullish and 25.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about HD, it shows that Home Depot, Inc. had a 75.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that HD stock price may surge in the next few weeks.

    Home Depot, Inc. (HD) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JP MorganOverweightMaintained
    UBSBuyMaintained
    Loop CapitalBuyMaintained
    Wells FargoOverweightMaintained
    CitigroupBuyInitiated
    GuggenheimBuyUpgraded
    Morgan StanleyOverweightMaintained
    Gordon HaskettBuyUpgraded
    Morgan StanleyOverweightMaintained
    OppenheimerPerformDowngraded
    Raymond JamesOutperformMaintained
    Morgan StanleyOverweightMaintained
    Goldman SachsBuyMaintained
    B of A SecuritiesBuyUpgraded
    DA DavidsonNeutralInitiated
    Truist SecuritiesHoldMaintained
    Morgan StanleyOverweightMaintained
    Raymond JamesOutperformMaintained
    Nomura InstinetBuyMaintained
    Morgan StanleyOverweightMaintained
    StifelBuyMaintained
    B of A SecuritiesNeutralMaintained
    UBSBuyMaintained
    Morgan StanleyOverweightMaintained
    WedbushNeutralMaintained
    UBSBuyMaintained
    StifelBuyMaintained
    Raymond JamesOutperformMaintained
    Piper SandlerNeutralMaintained
    Nomura InstinetBuyMaintained
    Credit SuisseOutperformMaintained
    B of A SecuritiesNeutralMaintained
    Piper SandlerNeutralMaintained
    JefferiesBuyMaintained
    Wells FargoOverweightMaintained
    Raymond JamesOutperformMaintained
    Gordon HaskettHoldDowngraded
    SunTrust Robinson HumphreyHoldMaintained
    Wells FargoOverweightMaintained
    UBSBuyMaintained
    StifelBuyMaintained
    Morgan StanleyOverweightMaintained
    NomuraBuyMaintained
    Credit SuisseOutperformMaintained
    Wells FargoOverweightMaintained
    NomuraBuyMaintained
    Morgan StanleyOverweightMaintained
    CFRAStrong BuyUpgraded
    NomuraBuyUpgraded
    Stifel NicolausBuyMaintained
    StifelBuyMaintained
    Raymond JamesOutperformMaintained
    NomuraNeutralMaintained
    JP MorganOverweightMaintained
    BairdOutperformMaintained
    CFRAHoldMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyOverweightMaintained
    WedbushNeutralMaintained
    RBC CapitalOutperformMaintained
    NomuraNeutralMaintained
    Morgan StanleyOverweightMaintained
    JP MorganOverweightMaintained
    Gordon HaskettAccumulateDowngraded
    Credit SuisseOutperformUpgraded
    Morgan StanleyOverweightMaintained
    SunTrust Robinson HumphreyHoldMaintained
    NomuraHold NeutralMaintained
    JP MorganOverweightMaintained
    Morgan StanleyOverweightMaintained
    Edward JonesHoldDowngraded
    Credit SuisseNeutralMaintained
    Wells FargoOutperformMaintained
    Wells FargoOutperformMaintained
    DZ BankSellDowngraded
    GuggenheimNeutralDowngraded
    CitiBuyMaintained
    Morgan StanleyOverweightMaintained
    WedbushNeutralMaintained
    UBSBuyMaintained
    Credit SuisseNeutralMaintained
    CitigroupBuyMaintained
    BairdOutperformMaintained
    Wells FargoOutperformMaintained
    Gabelli & Co.HoldDowngraded
    Goldman SachsBuyInitiated
    Stifel NicolausBuyMaintained
    Wells FargoOutperformMaintained
    Morgan StanleyOverweightMaintained
    CitigroupBuyMaintained
    Evercore ISI GroupOutperformInitiated
    Telsey Advisory GroupMarket PerformDowngraded
    Deutsche BankBuyMaintained
    Credit SuisseNeutralMaintained
    Bank of AmericaNeutralDowngraded
    Credit SuisseNeutralMaintained
    UBSBuyMaintained
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseNeutralDowngraded
    Morgan StanleyOverweightMaintained
    CitigroupBuyMaintained
    UBSBuyMaintained
    Wells FargoOutperformInitiated
    Loop CapitalHoldInitiated
    BMO CapitalOutperformMaintained
    CitigroupBuyMaintained
    Credit SuisseOutperformMaintained
    GuggenheimBuyInitiated
    Moffett NathansonBuyInitiated
    Atlantic EquitiesOverweightUpgraded
    CitigroupBuyMaintained
    UBSBuyMaintained
    ArgusBuyMaintained
    Bank of AmericaBuyMaintained
    KeyBancSector WeightInitiated
    Raymond JamesOutperformUpgraded
    BarclaysOverweightMaintained
    Atlantic EquitiesNeutralDowngraded
    Morgan StanleyOverweightUpgraded
    BernsteinMarket PerformInitiated
    PiperJaffrayNeutralDowngraded
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    ArgusBuyMaintained
    NomuraBuyUpgraded
    BTIG ResearchBuyInitiated
    TopekaBuyInitiated
    JefferiesBuyMaintained
    Goldman SachsNeutralMaintained
    BarclaysOverweightInitiated
    SunTrust Robinson HumphreyNeutralMaintained
    OppenheimerOutperformMaintained
    Deutsche BankBuyUpgraded
    Credit SuisseOutperformMaintained
    Credit SuisseOutperformMaintained
    Cantor FitzgeraldHoldMaintained
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    BMO CapitalOutperformMaintained
    JP MorganOverweightMaintained
    Cantor FitzgeraldHoldInitiated
    OppenheimerOutperformMaintained
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    JefferiesBuyMaintained
    Rhino TradingSellInitiated
    Credit SuisseOutperformMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    NomuraNeutralInitiated
    CitigroupBuyMaintained
    Credit SuisseOutperformMaintained
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    Raymond JamesMarket PerformDowngraded
    SunTrust Robinson HumphreyNeutralDowngraded
    OppenheimerOutperformMaintained
    UBSBuyMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    Wolfe ResearchOutperformUpgraded
    Morgan StanleyEqual-weightInitiated
    JefferiesBuyMaintained
    BMO CapitalOutperformUpgraded
    Raymond JamesOutperformUpgraded
    Deutsche BankHoldMaintained
    WedbushNeutralInitiated
    Standpoint ResearchSellInitiated
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    Goldman SachsNeutralMaintained
    SunTrust Robinson HumphreyBuyInitiated
    Ladenburg ThalmannHoldUpgraded
    BMO CapitalMarket PerformMaintained
    NomuraNeutralMaintained
    JefferiesBuyMaintained
    BarclaysOverweightMaintained
    PiperJaffrayOverweightMaintained
    JefferiesBuyUpgraded
    Canaccord GenuityHoldMaintained
    UBSBuyMaintained
    NomuraNeutralMaintained
    JP MorganOverweightMaintained
    JefferiesHoldMaintained
    Deutsche BankHoldMaintained
    Canaccord GenuityHoldMaintained
    OppenheimerOutperformUpgraded
    JefferiesHoldMaintained
    Stifel NicolausHoldDowngraded
    Goldman SachsNeutralMaintained
    UBSBuyMaintained
    Stifel NicolausBuyMaintained
    NomuraNeutralMaintained
    JefferiesHoldMaintained
    Gabelli & Co.HoldDowngraded
    BMO CapitalMarket PerformMaintained
    PiperJaffrayOverweightMaintained
    Canaccord GenuityHoldMaintained
    Bank of AmericaBuyMaintained
    JefferiesHoldMaintained
    OppenheimerPerformDowngraded
    Bank of AmericaBuyMaintained
    UBSBuyMaintained
    JP MorganOverweightMaintained
    JefferiesHoldMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    Canaccord GenuityHoldMaintained
    JefferiesHoldMaintained
    JefferiesHoldMaintained
    Deutsche BankHoldMaintained
    Canaccord GenuityHoldMaintained
    BMO CapitalMarket PerformMaintained
    Goldman SachsNeutralMaintained
    PiperJaffrayOverweightUpgraded
    Canaccord GenuityHoldInitiated
    Credit SuisseOutperformMaintained
    Deutsche BankHoldMaintained
    UBSBuyMaintained
    JefferiesHoldMaintained

    Home Depot, Inc. (HD) Stock Earning Per Share (EPS) Forecast / Estimate


    $3.038
    The average consensus EPS for HD is $3.038 with a high estimate of $3.980 and Low of $2.244 for the period 2021-06-30 and based on 29 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $3.18$3.15512692020-12-31


    The latest average Earning Per Share Estimate for Home Depot, Inc. is $3.04, which is lower than HD's last EPS, $3.18. This means that Analysts are expecting Home Depot, Inc. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Home Depot, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $3.18$3.15512692020-12-31
    $4.02$3.82376170000000042020-09-30
    $$2.69535552020-06-30
    $2.74$3.15208840000000022020-03-31
    $2.53$2.60051312019-12-31
    $3.17$3.17192622019-09-30
    $2.27$2.24486442019-06-30
    $2.25$2.22697332019-03-31
    $2.51$2.32903600000000032018-12-31
    $3.05$2.92574590000000032018-09-30
    $2.08$2.11100562018-06-30
    $1.69$1.68999310000000012018-03-31
    $1.87$1.87690720000000022017-12-31
    $2.25$2.28232550000000022017-09-30
    $1.67$1.66604560000000012017-06-30
    $1.44$1.37586372017-03-31
    $1.6$1.62628760000000022016-12-31
    $1.97$2.03053172016-09-30
    $1.44$1.39651522016-06-30
    $1.17$1.13658442016-03-31
    $1.36$1.36015622015-12-31
    $1.71$1.75782890000000022015-09-30
    $1.16$1.18385112015-06-30
    $1$0.91914112015-03-31
    $1.11$1.16615572014-12-31
    $1.52$1.49125460000000022014-09-30
    $0.96$1.014552014-06-30
    $0.73$0.73293769999999992014-03-31
    $0.95$0.92221052013-12-31
    $1.24$1.24539362013-09-30
    $0.83$0.787952013-06-30
    $0.67$0.663322013-03-31
    $0.74$0.72404882012-12-31
    $1.01$1.00306552012-09-30
    $0.65$0.66990172012-06-30
    $0.5$0.43497932012-03-31
    $0.6$0.60082992011-12-31
    $0.86$0.8532522011-09-30
    $0.5$0.50872732011-06-30
    $0.36$0.3143562011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).