Key Highlights

● HD closed at $290.80 on 9 October 2026, down 1.6%.

● Market data consensus target is $375.93 from 33 analysts.

● Targets range from $310.00 to $425.00.

● Bernstein lowered its target from $354 to $344 on 9 September.

Shares of Home Depot (NYSE:HD), a member of the S&P 500, closed at $290.80 on Friday 9 October 2026, down 1.6% on the day. Analyst targets sit well above that level, with the consensus implying upside of about 29.3%.

What Is the Latest Analyst Price Target?

Market data reports a consensus price target of $375.93 for Home Depot from 33 analysts over the last 12 months. The highest target is $425.00, from Guggenheim, and the lowest is $310.00, from HSBC. Measured against the $290.80 close, the consensus implies upside of about 29.3%.

The second data set, which uses third-party data and counts 36 analysts, shows an average of $379.75 and a median of $392.50, with the same $310 to $425 range.

The mean also appears consistent with recent broker views. Eleven named targets published between August and October average about $380, which suggests the consensus is not being propped up by outdated numbers.

What Are Wall Street Analysts Saying?

Opinion is positive on balance but with a substantial Hold camp. The second data set shows 22 Strong Buy or Buy ratings and 14 Holds, with no Sells.

Recent named actions include Melius Research setting a $397 target on 6 October and UBS reiterating a Buy rating on 17 September. Sanford C. Bernstein lowered its target from $354 to $344 on 9 September with a Market Perform rating. After the second-quarter results on 18 August, Truist raised its target from $369 to $373, Mizuho from $385 to $390, and Wells Fargo from $360 to $400 earlier in the month. Guggenheim kept a $425 Buy target, and Argus a $400 Buy target. Stifel lifted its target from $320 to $340 with a Hold rating, while RBC trimmed from $343 to $342 with Sector Perform.

What Could Help the Stock Reach the Price Target?

The most recent results were well received by analysts. For the second quarter, reported on 18 August 2026, Home Depot posted earnings per share of $4.92 against a $4.73 consensus estimate, and revenue of $47.86 billion against $47.24 billion expected, a rise of 5.7% on the year. Further earnings beats would support the arguments of brokers with the highest targets.

Market data also notes a dividend yield of about 3.3%, which may appeal to income-focused investors. If housing-related spending improves, which depends on factors such as interest rates and consumer confidence that cannot be predicted reliably, the shares could narrow the gap to analyst targets.

What Could Prevent the Stock Reaching the Target?

The shares trade nearly 23% below the consensus target, which suggests many investors are cautious about the sector. Wolfe Research downgraded the shares to Peer Perform in June, and a sizeable group of analysts hold a neutral view at Hold, Market Perform or Sector Weight.

The recent trend in revisions has also been mixed rather than uniformly upward, with Bernstein and RBC trimming their targets.

What Should Investors Watch Next?

Housing data and analyst rating changes are also worth watching.

The Analyst Case for Home Depot, in Numbers

Home Depot closed at $290.80 on 9 October 2026, down 1.6% on the day, against a market data consensus target of $375.93. Sanford C. Bernstein lowered its target from $354 to $344 on 9 September with a Market Perform rating.