Analyst Robert Ohmes from Bank of America Securities reiterated a Buy rating on Home Depot and keeping the price target at $430.00.
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Robert Ohmes has given his Buy rating due to a combination of factors that highlight Home Depot’s potential for growth and market resilience. The company hosted its 2025 Analyst and Investor Conference, where it reaffirmed its guidance for 2025 and provided a preliminary outlook for 2026, indicating confidence in its strategic direction. Despite a cautious industry outlook due to declining home prices in some markets, Home Depot is expected to outperform the home improvement market with anticipated share gains and growth in its Pro segment.
Furthermore, Home Depot’s market recovery scenario projects total sales growth of 5%-6%, with operating profit growing faster than sales, leading to EBIT margin expansion. The company plans to capitalize on a substantial $1.1 trillion addressable market, with significant opportunities in the Pro and consumer segments. Additionally, Home Depot’s strategic plans include opening new stores and maintaining steady gross margins, positioning it well for future growth. These factors collectively support Ohmes’s Buy rating for the stock.
In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $395.00 price target.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HD in relation to earlier this year.