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HD

The Home Depot Inc

NYSE: HD · CONSUMER CYCLICAL · HOME IMPROVEMENT RETAIL

$328.39
+0.73% today

Updated 2026-06-12

Market cap
$310.62B
P/E ratio
22.12
P/S ratio
1.87x
EPS (TTM)
$14.08
Dividend yield
2.23%
52W range
$289 – $421
Volume
4.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

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

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

HD · The Home Depot Inc · Price target summary

Current
$328.39
Consensus
$411.00
+25.16%
2030 Target
$412.69
+25.67%
DCF
$212.07
-46.55% MoS
33 analysts:
20 Buy12 Hold1 Sell

Management guidance

No specific CEO revenue targets for 2026-2030 were disclosed in available earnings calls or investor presentations. Management maintained FY2026 full-year guidance following Q4 earnings beat, but did not provide explicit multi-year revenue projections. Guidance appears cautious given current housing market headwinds.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

HD · The Home Depot Inc · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range
Bear case (2030)
$253.96
$211.8B Rev × 1.2x P/S
Base case (2030)
$412.69
$211.8B Rev × 2x P/S
Bull case (2030)
$666.65
$211.8B Rev × 3.2x P/S
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Financial forecast — research-backed

Metric20262027 (E)2028 (E)2029 (E)2030 (E)
Revenue$164.7B$183.7B$191.7B$201.3B$211.8B
Revenue growth3.2%4.1%4.4%5.0%5.2%
EPS$3.43$16.80$17.95$19.30$20.80
P/S ratio—2.0x2.0x2.0x2.0x
Implied price—$349.20$380.94$412.69$412.69

HD · The Home Depot Inc · Catalysts & risks

Growth catalysts
+ SRS Distribution HVAC acquisition (Mingledorff's) expands pro contractor TAM and cross-selling opportunities in ~$100B HVAC distribution market
+ AI and digital transformation initiatives (CMO marketing strategy, customer experience enhancement, warehouse automation via SIMPL acquisition)
+ Pro segment growth offsetting DIY softness as housing market stabilizes and contractor spending remains resilient
Key risks
- US housing market weakness driven by elevated mortgage rates constraining DIY demand and consumer discretionary spending
- High leverage (Debt/Eq 5.10x) limiting financial flexibility if macroeconomic conditions deteriorate further
- Cyclical consumer spending exposure; DIY segment vulnerable to economic downturns despite Pro segment resilience

Methodology

The Home Depot Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 33 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: May 12, 2026.