HD HOME DEPOT, INC.

BULLISH Impact: 4/10 ANALYST-UPGRADE
Processed 14d 15h ago SEC analyst-HD-stifel-20250521
8 firms acted on HD: Stifel, Stifel, Telsey Advisory Group, Bernstein, Loop Capital, Gordon Haskett, Melius Research, DA Davidson
Final — all horizons settled through T+60d
HD ▲ +6.54% at T+60d
LONG call ✓ call won +6.54% · α vs SPY -3.78% · entry $370.39 → $394.62
Last close $328.39 (close Jun 12) · -11.34% from $370.39 entry
Entry anchored
May 21, 12:21 PM ET
via Databento tick
T+1d
-1.24%
call -1.24% · α -1.20%
$365.80
settled 13mo ago
T+5d
-0.63%
call -0.63% · α -1.82%
$368.06
settled 13mo ago
T+20d
-5.57%
call -5.57% · α -7.52%
$349.75
settled 12mo ago
T+60d
+6.54%
call +6.54% · α -3.78%
$394.62
settled 10mo ago

Price Chart

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Executive Summary

Stifel upgraded Home Depot (HD) to Buy from Hold on May 21, 2025, raising its price target to $425 from $405, implying 34% upside from the current $317.14. The upgrade is part of an 8-firm cluster action on HD, including Telsey Advisory Group, Bernstein, Loop Capital, Gordon Haskett, Melius Research, and DA Davidson. Stifel has a 75% accuracy rate on 8 HD calls with a 5.6% average return, placing it among top-tier firms. Consensus is bullish: 29 of 46 analysts rate Buy or Strong Buy, 16 Hold, and 1 Strong Sell. The mean target is $370.21, median $374, high $430, low $310 — Stifel's $425 is above consensus. Momentum is flat with 0 upgrades and 0 downgrades in 30 days, but EPS revisions are negative: 25 downward revisions vs 4 upward for the current fiscal year. Insider sales of $1.6M in March by two executives are a mild headwind, but institutional buying from Norges Bank and Renaissance Technologies provides a bullish cross-signal. Short interest is elevated at 56.8% of float, suggesting potential squeeze risk. The bottom line: Stifel's high-accuracy upgrade into a cluster of positive actions is a strong bullish signal, but the negative earnings revision trend warrants caution on timing.

Impact Score

Base Score
2/7
LLM Adjustment
+2
Final Score
4/10

Consensus & Targets

Buy / Strong Buy
29 (63%)
Hold
16
Sell / Strong Sell
1
Total Analysts
33
Mean PT
$370.21
Median PT
$374.00
High PT
$430.00
Low PT
$310.00
Current Price
$317.14
Implied Upside
+16.7%

Consensus is bullish: 10 Strong Buy, 19 Buy, 16 Hold, 0 Sell, 1 Strong Sell — 63% Buy/Strong Buy. 46 analysts cover HD. The consensus direction is positive, with the majority recommending buying.

Current price: $317.14. Mean target: $370.21 (17% upside). Median: $374. High: $430 (36% upside). Low: $310 (2% downside). Stifel's $425 target is above the mean and median, ranking in the top quartile of targets.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-05-20 Piper Sandler maintain Overweight $378.00
2026-05-20 Truist Securities maintain Buy $369.00
2026-05-20 UBS maintain Buy $430.00
2026-05-20 TD Cowen maintain Buy $375.00
2026-05-20 RBC Capital maintain Sector Perform $340.00
2026-05-20 DA Davidson maintain Buy $377.00
2026-05-20 DA Davidson maintain Buy $445.00
2026-05-20 Guggenheim reiterate Buy $425.00
2026-05-20 Morgan Stanley maintain Overweight $400.00
2026-05-20 Wells Fargo maintain Overweight $360.00

30-day analyst activity: 0 upgrades, 0 downgrades. EPS revision trend is negative: current fiscal year has 25 downward revisions vs 4 upward in 30 days; next quarter has 20 down vs 3 up. Estimates are being revised lower, creating a divergence with the bullish rating action.

Firm Track Record — Stifel

Stifel accuracy: 54% on 2792 calls | avg return: 4.3%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
UBS 100% 4/4 8.6% top tier
TD Cowen 100% 2/2 4.2% top tier
Citigroup 100% 2/2 6.6% top tier
Morgan Stanley 80% 4/5 3% top tier
RBC Capital 80% 4/5 5.3% top tier
Wells Fargo 75% 6/8 1.3% top tier
Evercore ISI Group 75% 6/8 4.2% top tier
Stifel 75% 6/8 5.6% top tier
Telsey Advisory Group 71% 15/21 3.8% top tier
DA Davidson 70% 7/10 3.5% top tier

Stifel has a 75% accuracy rate on 8 HD calls with a 5.6% average return, placing it among top-tier firms. Best-performing firms on HD include UBS (100% on 4 calls, 8.6% avg return), TD Cowen (100% on 2, 4.2%), and Citigroup (100% on 2, 6.6%). Worst: Mizuho (50% on 4, -4% avg return). Stifel's record is well above average.

Earnings Estimates

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
0q $4.73 $4.64 — $4.86 $47.2B ↑8 ↓0
+1y $16.11 $15.05 — $16.60 $177.5B ↑2 ↓0
0y $14.97 $14.64 — $15.16 $171.0B ↑4 ↓0
+1q $3.96 $3.84 — $4.05 $42.8B ↑2 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 2 sells
Congressional
David Taylor (republican) — buy $1,001 - $15,000
Congressional
David Taylor (republican) — buy $1,001 - $15,000
Congressional
David Taylor (republican) — buy $1,001 - $15,000
Institutional
NORGES BANK — new
Institutional
RENAISSANCE TECHNOLOGIES LLC — new
Institutional
TWO SIGMA INVESTMENTS, LP — new
Short Interest
Short: 659,710 | Exempt: 191 | TRF Vol: 1,160,966 | Short Ratio: 56.8% | Off-exchange volume (dark pool + OTC)

Insider trades: two SELLs totaling $1.6M in March 2026 by executives Deaton and McPhail — a mild bearish signal. Congressional activity: Rep. David Taylor (R) made three small buys ($1K-$15K each) and one small sell in April-May 2026; Rep. Ro Khanna (D) bought $15K-$50K in April. Institutional changes: Norges Bank initiated a $4.85B position (new), Renaissance Technologies $59M new, Two Sigma $20.8M new — strong bullish institutional buying. Short interest is 56.8% of float, extremely high, indicating potential squeeze risk. The analyst upgrade aligns with institutional buying but diverges from insider selling and negative earnings revisions.

Actionable Insight

Stifel's high-accuracy upgrade into a cluster of positive actions is a strong bullish signal, but the negative earnings revision trend and insider selling warrant caution. Traders should consider the upgrade as a positive catalyst but wait for earnings confirmation before adding size.

Documents Analyzed

Report based on filing metadata.

6 reports for HD
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for HD — sortable, filterable
Type Now
May 31, 2026
14d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$370.39 $368.06▼ −0.63%▼ −1.82%$328.39 (−11.34%)
May 15, 2026
4w ago
Court Ruling
BULLISH ★ 6/10
$297.48 $313.11▲ +5.25%▲ +4.29%$328.39 (+10.39%)
Apr 7, 2026
9w ago
DEFA14A
NEUTRAL ★ 3/10
$318.73 $342.68▲ +7.52%▲ +2.19%$328.39 (+3.03%)
Mar 27, 2026
11w ago
Court Ruling
NEUTRAL ★ 2/10
$321.50 $326.46▲ +1.54%▼ −2.32%$328.39 (+2.14%)
Mar 4, 2026
14w ago
Insider Cluster
NEUTRAL ★ 4/10
$368.70 $350.87▼ −4.84%▼ −3.50%$328.39 (−10.93%)
Feb 28, 2026
15w ago
Institutional Cluster
BULLISH ★ 8/10
$370.63 $353.56▼ −4.61%▼ −3.40%$328.39 (−11.40%)
Showing 6 of 6

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