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  4. Forecast

Stock Price Prediction

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HD
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    OverviewForecastTechnicalOptionsEarningsFinancialsValuationInsiders

HD Price Prediction Next Week

Based on the provided data and technical analysis, here's the prediction for HD's stock price next week:

Technical Analysis

  • Current Price: $409.70 (as of Jan 17, 2025)
  • RSI (14) at 60.62 indicates moderate bullish momentum without being overbought
  • MACD at -1.22 shows slight bearish divergence in short term
  • Fibonacci levels indicate key resistance at $417.63 and support at $383.28

News Sentiment Analysis

  • Positive factors:

    • Strong consumer discretionary sector performance indicates bullish market sentiment
    • Home Depot received 81% rating from Validea's Multi-Factor model, showing strong fundamentals
    • Company maintains stable dividend yield of 2.2% with consistent growth

  • Challenging factors:

    • Housing market pressures continue to affect sales, with Q3 comps down 1.3%
    • Market showing signs of potential consolidation after recent gains

Price Prediction for Next Week

  • Target Range: $408-418
  • Primary Scenario (60% probability): Bullish continuation toward $417 resistance level
  • Support Level: $409 (current pivot point)
  • Stop Loss: $405

Trading Recommendation BUY with the following parameters:

  • Entry: Current market price ($409.70)
  • Target: $417
  • Stop Loss: $405
  • Risk/Reward ratio: 1:1.5

The recommendation is based on:

  1. Strong sector performance in consumer discretionary
  2. Positive fundamental ratings
  3. Technical support at current levels
  4. RSI showing room for upward movement without being overbought

Based on the provided data and technical analysis, here's the prediction for HD's stock price next week:

Technical Analysis

  • Current Price: $409.70 (as of Jan 17, 2025)
  • RSI (14) at 60.62 indicates moderate bullish momentum without being overbought
  • MACD at -1.22 shows slight bearish divergence in short term
  • Fibonacci levels indicate key resistance at $417.63 and support at $383.28

News Sentiment Analysis

  • Positive factors:

    • Strong consumer discretionary sector performance indicates bullish market sentiment
    • Home Depot received 81% rating from Validea's Multi-Factor model, showing strong fundamentals
    • Company maintains stable dividend yield of 2.2% with consistent growth

  • Challenging factors:

    • Housing market pressures continue to affect sales, with Q3 comps down 1.3%
    • Market showing signs of potential consolidation after recent gains

Price Prediction for Next Week

  • Target Range: $408-418
  • Primary Scenario (60% probability): Bullish continuation toward $417 resistance level
  • Support Level: $409 (current pivot point)
  • Stop Loss: $405

Trading Recommendation BUY with the following parameters:

  • Entry: Current market price ($409.70)
  • Target: $417
  • Stop Loss: $405
  • Risk/Reward ratio: 1:1.5

The recommendation is based on:

  1. Strong sector performance in consumer discretionary
  2. Positive fundamental ratings
  3. Technical support at current levels
  4. RSI showing room for upward movement without being overbought

HD Similar Chart Price Prediction

The price of HD is predicted to go up 0%, based on the high correlation periods with KELYB. The similarity of these two price pattern on the periods is 97.84%.

stocks logo

HD

stocks logo

KELYB

Up: 0%Similarity: 97.84%

HD Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030

Year

HD Price Forecast($)

Potential Return(%)

2025

388.500

-0.170

2026

450.000

15.630

2027

500.000

28.480

2028

520.000

33.610

2029

520.000

33.550

2030

550.000

41.250

What is HD stock price prediction 2025 ?

HD stock is currently trading at $388.5. By the end of 2025, the price is projected to reach approximately $430-$450, driven by expected recovery in the housing market, lower interest rates, and increased home improvement demand. However, risks such as elevated valuations and macroeconomic uncertainties could limit upside potential.

What is HD stock price prediction 2026 ?

HD stock is projected to reach $450 by 2026, driven by a recovery in the housing market and increased consumer spending on home improvement, as indicated by recent trends and economic resilience. The company's strong fundamentals and strategic positioning in the sector support this growth. However, potential risks include macroeconomic uncertainties and interest rate fluctuations.

What is HD stock price prediction 2027 ?

HD's stock price in 2027 is projected to reach approximately $500, driven by expected recovery in the housing market and increased home improvement demand as interest rates normalize. Home Depot's strategic investments in digital innovation and supply chain optimization will likely enhance operational efficiency and revenue growth. However, macroeconomic risks such as inflation and consumer spending trends could impact this forecast.

What is HD stock price prediction 2028 ?

HD's stock price in 2028 is projected to reach approximately $520, driven by expected recovery in the housing market, lower interest rates, and Home Depot's strong market position. Analysts anticipate robust growth in home improvement demand as macroeconomic conditions improve. Additionally, HD's consistent dividend growth and operational efficiency further support its long-term valuation.

What is HD stock price prediction 2029 ?

HD stock is projected to reach approximately $520 by 2029, assuming an annualized growth rate of 6% based on historical performance and expected recovery in the housing market. This estimate factors in improving economic conditions, lower interest rates, and Home Depot's strong market position. However, risks like economic slowdowns or housing market volatility could impact this forecast.

What is HD stock price prediction 2030 ?

HD stock is projected to reach approximately $550 by 2030, driven by expected economic recovery, lower interest rates, and increased housing market activity. Home Depot's strong dividend growth and market leadership in home improvement retail further support its long-term valuation. However, risks such as economic downturns or inflationary pressures could impact this forecast.

HD Revenue Forecast

HD EPS Forecast

HD FAQs

What is bull’s view on HD?

Home Depot (HD) is currently trading at $414.42, with analysts projecting a price target range of $405 to $466. Bulls argue that HD's strong fundamentals, including its "One Home Depot" strategy and Pro ecosystem, position it well for long-term growth, especially as interest rates decline and housing activity rebounds. With a forward P/E of 26.68, HD is slightly overvalued but remains attractive for its dividend growth and market leadership.

What is bear's view on HD?

Home Depot (HD) is currently trading at $389.15, with bearish indicators suggesting further downside. The RSI of 36.11 indicates oversold conditions, but the MACD remains negative, signaling weak momentum. Elevated interest rates and declining consumer spending on home improvement projects are pressuring HD's revenue and margins, with a potential support level near $385.

What is HD revenue forecast for next quarter？

The market consensus for HD's revenue in the upcoming quarter is projected to be approximately $38.698B USD.

What is HD eps forecast for next quarter？

The market consensus for HD's eps in the upcoming quarter is projected to be approximately $3.012 USD.

HD VS S&P500

Home Depot's continued investments in supply chain and merchandising should improve productivity and support its market leadership position in the home improvement market.

The company has returned $73 billion to its shareholders through dividends and share buybacks over the past five years, nearly 20% of its market cap. In our outlook, we forecast Home Depot returning more than $85 billion to shareholders over the next five years.

The addressable MRO market is around $100 billion, and Interline and HD Supply make up a low-double-digit share, leaving meaningful upside up for grabs.

Ask Intellectia about HD

HD Analyst's Forecast

Seth Sigman

Barclays

Buy

Price Target

$372 → $420

Upside

+4.98%

Barclays raised the firm's price target on Home Depot to $420 from $372 and keeps an Overweight rating on the shares.
Max Rakhlenko

TD Cowen

Strong Buy

Price Target

$440 → $460

Upside

+14.11%

Michael Baker

DA Davidson

Strong Buy

Price Target

$430 → $466

Upside

+16.78%

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