Home Depot Receives Reiterated 'Buy' Rating with $400 Price Objective

The Home Depot Inc. (NYSE:HD) has received a 'buy' rating from equities researchers at Argus, who also set a price objective of $400.00 per share on the home improvement retailer's stock.

This is not the first time Argus has given HD a positive rating; in fact, it's been reiterated several times by various analysts and research firms, including Sanford C. Bernstein and Guggenheim.

According to data from MarketBeat.com, Home Depot has an average target price of $375.54 based on 18 'buy' ratings, 13 'hold' ratings, and one 'sell' rating among investment analysts.

Home Depot's stock price rose by 3.0% on Wednesday after the company released its quarterly earnings results, which exceeded expectations with adjusted EPS of $4.92 versus a consensus estimate of $4.73, as well as revenue of $47.86 billion, up 5.7% year-over-year.

The company's management has also reaffirmed its fiscal 2026 guidance at 14.690-15.278 EPS, and analysts see potential for the stock to move toward $375 or higher.