Where Will Home Depot’s Stock Price Be In 2027?

3 days ago 4

Vandita Jadeja

Thu, May 21, 2026 astatine 8:26 AM CDT 4 min read

Quick Read

Home Depot (HD) reported Q1 fiscal 2026 gross of $41.77B (+4.79% YoY) with comparable income of +0.6% and adjusted diluted EPS of $3.43, portion operating borderline compressed to 11.9% from 12.9% owed to $119M successful SRS intangible amortization.
Home Depot faces user headwinds with the University of Michigan Consumer Sentiment Index astatine 53.3 (pessimistic territory) and lawsuit transactions falling 1.3% successful Q1, but bulls spot a credible betterment way driven by lodging starts climbing to 1.50M annualized and the SRS Distribution and GMS acquisitions extending pro/specialty commercialized reach.
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Home Depot (NYSE:HD) sits astatine an inflection point. The banal has slid from a September 2025 highest adjacent $422.71 to $302.44, hugging the little extremity of its 52-week scope arsenic lodging affordability and tepid user sentiment measurement connected big-ticket projects.

Our 24/7 Wall St. terms people for Home Depot is $367.94 implicit the adjacent 12 months, implying 21.66% upside. Our proposal is buy, with precocious assurance astatine 90%.

24/7 Wall St. Price Target Summary

Metric

Value

Current Price	$302.44
24/7 Wall St. Price Target	$367.94
Upside	21.66%
Recommendation	BUY
Confidence Level	90%

A Brutal Reset From Last Summer's Highs

Home Depot is down 13.44% implicit the past month, 11.5% twelvemonth to date, and 18.25% implicit the trailing year.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Home Depot wasn't 1 of them. Get them present FREE.

The Q1 fiscal 2026 net study connected May 19, 2026 showed gross of $41.77 billion, up 4.79% twelvemonth implicit year, with comparable income of +0.6% and adjusted diluted EPS of $3.43. Operating borderline compressed to 11.9% from 12.9%, deed successful portion by $119 cardinal successful SRS intangible amortization. CEO Ted Decker pointed to "greater user uncertainty and lodging affordability pressure" arsenic the prevailing backdrop.

The Case for $426 and Beyond

Bulls person a credible roadmap. Housing starts deed 1.50 cardinal annualized successful March 2026, up 7.4% monthly, and the 12-to-18-month pb clip connected starts supports rising pro request into 2027. Furnishings spending climbed to $525.1 cardinal annualized successful March 2026.

SRS Distribution's 1,280+ locations and the GMS acquisition ($900 cardinal successful incremental Q3 gross implicit 8 weeks) widen the pro/specialty commercialized reach. Operating currency travel surged 39.47% successful Q1.

Insider nett buying crossed 58 caller transactions reinforces interior confidence. Our bull-case way lands astatine $426.22, a 40.93% return, broadly aligned with the expert statement people of $400.03 and 22 Buy oregon Strong Buy ratings.

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