Home Depot Stock Target Price and Analyst Consensus
| HD Stock | USD 333.01 5.99 1.77% |
The current analyst and expert consensus on Home Depot is Buy with 6 buy recommendations. The current projected Home Depot target price consensus is 321.54, with 36 analyst opinions. The most common way Home Depot analysts use to provide public buy-or-sell recommendation is financial statements analysis. They also talk to Home Depot executives, vendors, and/or customers. Home Depot buy-or-sell recommendation module provides average expert sentiment on the projected Home Depot target price to derive its highest and lowest estimates based on target price estimated volatility of 0.0. Check out Macroaxis Advice on Home Depot to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Home Stock refer to our How to Trade Home Stock guide.
Lowest Forecast 292.6 | Highest Forecast 356.91 | Target Price 321.54 |
Home |
It's important to approach Home Depot's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Home Depot Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Home target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Home Depot's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 36 | Buy |
Most Home analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Home stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Home Depot, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationHome Depot Target Price Projection
Home Depot's current and average target prices are 333.01 and 321.54, respectively. The current price of Home Depot is the price at which Home Depot is currently trading. On the other hand, Home Depot's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Home Depot Market Quote on 25th of April 2024
Target Price
Analyst Consensus On Home Depot Target Price
Home Depot Analyst Ratings
Home Depot's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Home Depot stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Home Depot's financials, market performance, and future outlook by experienced professionals. Home Depot's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Home Depot price targets
Home Depot's stock target price is an estimate of its future price, usually made by analysts. Using Home Depot's target price to determine if it is a suitable investment can be done through the following steps:- Look at Home Depot's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Home Depot's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Home Depot Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Home Depot is a key component of Home Depot valuation and have some predictive power on the future returns of a Home Depot.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Home Depot's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Impulse Invested over 100 shares | |
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Check out Macroaxis Advice on Home Depot to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Home Stock refer to our How to Trade Home Stock guide.Note that the Home Depot information on this page should be used as a complementary analysis to other Home Depot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Home Stock analysis
When running Home Depot's price analysis, check to measure Home Depot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Home Depot is operating at the current time. Most of Home Depot's value examination focuses on studying past and present price action to predict the probability of Home Depot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home Depot's price. Additionally, you may evaluate how the addition of Home Depot to your portfolios can decrease your overall portfolio volatility.
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The data published in Home Depot's official financial statements usually reflect Home Depot's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Home Depot. For example, before you start analyzing numbers published by Home accountants, it's critical to develop an understanding of what Home Depot's liquidity, profitability, and earnings quality are in the context of the Specialty Retail space in which it operates.
Please note, the presentation of Home Depot's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Home Depot's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Home Depot's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Home Depot. Please utilize our Beneish M Score to check the likelihood of Home Depot's management manipulating its earnings.