Morgan Stanley Issues Positive Forecast for Home Depot (NYSE:HD) Stock Price

28 Apr 2026, 11:20 by Jessica Moore · The Cerbat Gem

Home Depot (NYSE:HD – Get Free Report) had its target price lifted by research analysts at Morgan Stanley from $412.00 to $420.00 in a research note issued on Tuesday,MarketScreener reports. The firm currently has an “overweight” rating on the home improvement retailer’s stock. Morgan Stanley’s price target indicates a potential upside of 25.14% from the company’s previous close.

HD has been the topic of a number of other reports. Jefferies Financial Group boosted their price target on shares of Home Depot from $424.00 to $454.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Zacks Research raised shares of Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $435.00 price objective on shares of Home Depot in a report on Wednesday, March 25th. BNP Paribas Exane dropped their price objective on shares of Home Depot from $391.00 to $348.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada upped their price objective on shares of Home Depot from $363.00 to $377.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $414.17.

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Home Depot Trading Up 1.0%

HD opened at $335.64 on Tuesday. Home Depot has a 1-year low of $315.31 and a 1-year high of $426.75. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The company has a market cap of $334.30 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 3.67 and a beta of 1.09. The company has a fifty day moving average price of $346.54 and a two-hundred day moving average price of $360.16.

Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion during the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a net margin of 8.60% and a return on equity of 134.32%. Home Depot’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts predict that Home Depot will post 15.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Several large investors have recently bought and sold shares of HD. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC purchased a new position in shares of Home Depot during the 4th quarter valued at about $25,000. Financially Speaking Inc purchased a new position in shares of Home Depot during the 3rd quarter valued at about $31,000. Key Capital Management INC purchased a new position in shares of Home Depot during the 4th quarter valued at about $28,000. Finally, Cache Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $27,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

Positive Sentiment: Digital investments are driving store productivity and omnichannel engagement, helping convert online activity into in-store sales and reducing cannibalization — a structural positive for sales efficiency and long-term margins. Home Depot’s Digital Growth: Supporting Store Productivity?
Positive Sentiment: The dividend narrative remains a core bullish argument: income stability and yield support HD as a “forever” holding for income-oriented investors, helping underpin valuation in volatile markets. 1 Reason I’d Buy Home Depot Stock Today and Never Sell
Neutral Sentiment: Analyst consensus still skews bullish (average brokerage recommendation suggests adding HD), but outlets caution that ABR can be overly optimistic — useful context but not a proven catalyst. Is It Worth Investing in Home Depot (HD) Based on Wall Street’s Bullish Views?
Neutral Sentiment: Valuation debate: some analysts frame HD as evolving into the Pro/infrastructure backbone of the U.S., justifying a premium multiple, while acknowledging recent profit contraction and near-term sales pressure — a mixed read for investors weighing growth vs. multiple. What Justifies Home Depot’s 23x Multiple?
Negative Sentiment: Wren Kitchens — a U.K. kitchen retailer that had a strategic partnership with Home Depot in 2024 — filed Chapter 7 and shut U.S. operations. Exposure appears limited, but the bankruptcy underscores weak consumer/home investment demand in parts of the category and poses modest reputational/supply questions. Wren Kitchens ceases operations in the US, files for bankruptcy
Negative Sentiment: Market headlines flagged a session decline for HD amid a broader market uptick, reflecting investor sensitivity to macro and housing-cycle signals rather than company-specific surprises — a near-term headwind for the share price. Home Depot (HD) Stock Falls Amid Market Uptick: What Investors Need to Know
Negative Sentiment: Industry pressure from a sluggish housing market and cautious consumer spending is prompting store closures and bankruptcies for some specialty players — a macro backdrop that can weigh on Home Depot’s comps and margin outlook. Home Depot partner and rival closes, files Chapter 7 bankruptcy

Home Depot Company Profile

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The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.