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Home Depot stock could rise 17.5% with a $386 price target after beating earnings despite housing market challenges.

Market News
03 Nov 2026, 16:03 WIB
24/7 Wall Street
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Bullish
Home Depot stock could rise 17.5% with a $386 price target after beating earnings despite housing market challenges.

Home Depot recently reported a quarterly earnings beat with revenue and adjusted EPS surpassing estimates, maintaining its full-year outlook despite a frozen housing market. The stock gained 14.37% over the past month but remains down 2.17% year to date, suggesting potential for further gains if demand holds. Analysts are optimistic, with a 24/7 Wall St. price target of $386.52 implying a 17.5% upside, supported by strong pro business growth and digital sales increases. Risks include continued low housing turnover and rising costs, but the overall outlook favors a rebound if current trends persist.

Home Depot shares are trading at USD 338.74 on Pluang, down 0.71% for the day. As of Nov 03, 2026 21:22 WIB, the stock's market cap stands at $340.36 billion with a dividend yield of 2.73%.

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