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HD

The Home Depot Inc

NYSE: HD · CONSUMER CYCLICAL · HOME IMPROVEMENT RETAIL

$328.80
+1.86% today

Updated 2026-04-30

Market cap
$321.53B
P/E ratio
22.67
P/S ratio
1.95x
EPS (TTM)
$14.24
Dividend yield
2.80%
52W range
$315 – $421
Volume
4.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

The Home Depot Inc (HD) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$328.80
Consensus
$423.00
+28.65%
2030 Target
$403.07
+22.59%
DCF
$242.56
-35.55% MoS
23 analysts:
9 Buy5 Hold0 Sell

Management guidance

No specific long-term revenue targets disclosed by CEO in available data. Most recent management commentary focuses on Pro segment expansion, supply chain investments (SIMPL Automation acquisition, $157M NY distribution center), and AI-driven operational efficiency. FY2026 guidance implies modest near-term growth with strategic investments prioritized over aggressive revenue expansion.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$671.78
$210.8B Rev × 3.2x P/S
Base case (2030)
$403.07
$210.8B Rev × 2x P/S
Bear case (2030)
$235.12
$210.8B Rev × 1.2x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2028 (E)2029 (E)2030 (E)
Revenue$152.7B$159.5B$164.7B$183.6B$191.2B$200.4B$210.8B
Revenue growth—4.5%3.2%4.1%4.1%4.8%5.2%
EPS$15.10$11.98$14.49$16.80$17.95$19.35$20.95
P/S ratio———2.0x2.0x2.0x2.0x
Implied price———$369.48$369.48$403.07$403.07

Catalysts & risks

Growth catalysts
+ Pro segment expansion and contractor market share gains in a down housing cycle
+ Supply chain automation (SIMPL Acquisition, same-day/next-day delivery network expansion) driving operational leverage
+ AI-powered customer service and retail media network (Orange Apron Media integration with Reddit/Pinterest) revenue acceleration
+ Housing market stabilization and new construction recovery post-2026
+ Market share gains from smaller competitors during challenging macro environment
Key risks
- Housing market deterioration with high mortgage rates suppressing DIY and Pro spending
- Tariff pressures on imported products and supply chain costs
- California price collusion investigation creating legal/reputational uncertainty
- Retail saturation with only 12 new store openings planned for 2026
- Consumer spending weakness impacting discretionary home improvement purchases
- Competition from Lowe's and Amazon in omnichannel delivery

Methodology

The Home Depot Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 23 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 25, 2026.