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Home/News Feed/Home Depot shares fall despite steady sales; $400 target by 2027 hinges on housing market recovery.
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$342.50
+$1.06 +0.31%

Home Depot shares fall despite steady sales; $400 target by 2027 hinges on housing market recovery.

Analyst Insights
24 Jun 2026
24/7 Wall Street
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Bullish
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Home Depot's stock has declined 4.3% year to date despite stable fundamentals and management reaffirming full-year guidance. The company reported a 4.8% revenue increase in Q1 FY2026 but faces pressure from a weak housing market and consumer uncertainty. Analysts see an 18% upside potential with a target price around $383 to $400 by 2027, assuming housing conditions improve and mortgage rates decline. The stock currently trades at a forward P/E of 20x, below its historical average, suggesting room for growth if earnings accelerate.

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