Are Wall Street Analysts Predicting Home Depot Stock Will Climb or Sink?

Core Viewpoint - The Home Depot, Inc. has experienced underperformance compared to the broader market and specific ETFs, attributed to a challenging operating environment and consumer uncertainty [2][6]. Company Overview - The Home Depot, Inc. is a home improvement retailer based in Atlanta, Georgia, with a market capitalization of $372.9 billion, offering a variety of building materials, home improvement products, and services [1]. Stock Performance - Over the past year, HD shares have declined by 8.2%, while the S&P 500 Index has increased by nearly 15.5%. However, in 2026, HD stock has risen by 9.9%, outperforming the S&P 500's 1.9% increase year-to-date [2]. - Compared to the iShares U.S. Home Construction ETF, which has declined by about 4.3% over the past year, HD's year-to-date returns have surpassed the ETF's 6.6% gains [3]. Earnings Expectations - For the current fiscal year ending in January, analysts project HD's earnings per share (EPS) to decline by 4.9% to $14.50 on a diluted basis. The company has missed consensus estimates in three of the last four quarters [7]. Analyst Ratings - Among 34 analysts covering HD stock, the consensus rating is "Moderate Buy," consisting of 21 "Strong Buy" ratings, one "Moderate Buy," 10 "Holds," and two "Strong Sells" [7]. - The current analyst configuration is less bullish than three months ago, with 24 analysts previously suggesting a "Strong Buy" [8]. - Truist Financial Corporation has maintained a "Buy" rating on HD and raised the price target to $405, indicating a potential upside of 7.1% from current levels. The mean price target is $396.72, representing a 4.9% premium to current prices, while the highest target of $450 suggests a 19% upside potential [8].