Stifel growing bullish on Home Depot . The firm upgraded the home improvement giant to buy from hold and upped its target price to $425 per share from $405. Stifel’s forecast calls for roughly 13% upside from Tuesday’s close. Home Depot reported mixed first-quarter results , with earnings missing expectations while revenue topped estimates. However, the company stood by its full-year outlook, and CFO Richard McPhail told CNBC that the company is not planning to raise prices in response to President Donald Trump’s tariffs. “We believe this performance demonstrates HD’s idiosyncratic advantages suggesting upside potential to reiterated FY2 guidance but more importantly driving our increased conviction in the revenue acceleration underpinning our FY26E-FY27E,” analyst W. Andrew Carter said. HD YTD mountain Home Depot stock in 2025. Carter increased his full-year earnings forecast on Home Depot to $14.56 per share from $14.39 per share. “We view a fulsome home improvement category inflection [as] ‘when not if,’ but view our HD outlook as largely derisked from the timing shifting the narrative away from trepidation around ongoing negative revisions,” he said. Shares have ticked down about 3% in 2025 but have gained more than 8% in the past month. “We believe the FY25 performance will drive enthusiasm for HD’s ability to disproportionately capitalize on a likely above trend-line home improvement category recovery driving upside to our outlook and outperformance for H shares,” he continued. Analysts are mostly split on Home Depot. Of the 41 covering the stock, 26 have a buy or strong buy rating, according to LSEG. Another 14 rate shares as a hold, and one assigned a sell rating to it.
