Home Depot Gets Overweight Rating as Wall Street Shows Consensus Support

Recent analyst activity demonstrates strong institutional backing for Home Depot stock, with major financial firms from Wells Fargo to Morgan Stanley offering positive assessments. The overweight rating assigned by Wells Fargo signals continued analyst confidence in the home improvement retailer’s prospects, marking another bullish signal in a broader pattern of supportive coverage.

Analyst Consensus Strongly Favors HD with Multiple Overweight and Buy Ratings

Wall Street has maintained notably positive coverage of Home Depot in recent months. Data shows that 6 investment firms have issued buy-equivalent ratings on the stock, while no firms have released sell recommendations—creating an unusually unanimous consensus among major financial institutions.

The overweight rating from Wells Fargo represents the most recent assessment of HD stock. Earlier in mid-2025, Guggenheim and TD Securities both released buy ratings, while Evercore ISI assigned an outperform designation. Morgan Stanley also issued an overweight rating around the same time, and Truist Financial added its buy recommendation to the growing chorus of support. This alignment of positive sentiment from multiple heavyweight financial institutions suggests broad agreement about HD’s market positioning.

The absence of any sell ratings in this coverage universe is particularly notable—indicating that even skeptical analysts view Home Depot favorably, even if some may not be as bullish as the overweight-rated firms.

Price Target Analysis: Where Wall Street Sees HD Heading

Investment professionals have established specific valuation expectations for Home Depot stock. Recent data reveals that approximately 2 analysts have published formal price targets over the past six months, establishing a median target of $399.

Evercore ISI analyst Greg Melich set a $400 price target in mid-May 2025, suggesting limited upside from those levels. Bernstein’s Zhihan Ma positioned a target at $398 around the same timeframe, indicating these institutional projections cluster tightly. The narrow range between these targets—just $2 apart—reveals that major Wall Street research teams hold remarkably aligned views on HD’s fair value.

Capitol Hill’s HD Trading Activity Reflects Market Interest

Members of Congress have demonstrated notable interest in Home Depot stock, with 21 transactions occurring over the recent six-month period. Purchases totaled 12 transactions versus 9 sales, indicating that elected officials slightly favored accumulating positions.

Senator John Boozman led with 2 purchases totaling up to $30,000. Representative Jefferson Shreve showed the most active engagement, executing 5 trades—3 purchases worth up to $150,000 and 2 sales of equal magnitude. Representative Marjorie Taylor Greene completed 2 purchases worth up to $30,000. Josh Gottheimer’s activity included 1 purchase and 2 sales totaling $15,000 and $30,000 respectively.

Additional notable traders included Representative Bruce Westerman (1 purchase, 1 sale), Robert Bresnahan (1 sale), Julie Johnson (1 sale), Lloyd Doggett (1 purchase), Greg Landsman (1 sale), George Whitesides (1 large sale worth up to $250,000), and James Comer (2 purchases worth up to $30,000).

Insider Moves Reveal Mixed Signals on HD Stock

Home Depot company insiders conducted 5 transactions in open market trading over the recent six-month window, split between 2 purchases and 3 sales—suggesting internal stakeholders displayed cautious positioning.

John A. Deaton, the Executive Vice President overseeing Supply Chain and Product Development, sold 8,892 shares for approximately $3.29 million. Teresa Wynn Roseborough, the Executive Vice President and General Counsel, liquidated 5,406 shares valued near $1.996 million. Fahim Siddiqui, serving as Executive Vice President and Chief Information Officer, divested 2,600 shares generating about $954,564.

On the purchase side, Gregory D Brenneman executed 2 buy transactions totaling 2,884 shares for an estimated $999,767. The mix of insider buying and selling suggests management holds balanced views on valuation—neither aggressively accumulating nor completely exiting positions.

Large Institutional Players Adjust HD Positions

The institutional investor community displayed significant portfolio activity regarding Home Depot stock during the most recent quarter. While 1,818 institutional investors increased their HD holdings, 1,774 simultaneously reduced their positions, revealing a mixed institutional stance despite the overweight rating consensus from analysts.

Asset Planning Services Inc made the most dramatic move, adding nearly 19 million shares (a 99,400% increase) worth an estimated $6.95 billion. Conversely, Capital World Investors trimmed their position by over 5.6 million shares (-28.8%), representing $2.075 billion in value reduction.

BlackRock, one of the world’s largest asset managers, boosted its holdings by 1.59 million shares (+2.2%) valued at approximately $583.8 million. Price T Rowe Associates increased exposure by 1.49 million shares (+19.3%) worth $547.6 million. Wellington Management reduced positions by 1.48 million shares (-21.6%) equaling $542.8 million in value. Jennison Associates made substantial cuts, removing 1.43 million shares (-78.9%) from their portfolio worth $523.8 million.

The Proficio Capital Partners LLC nearly exited its position entirely, removing 2.03 million shares (-99.4%) representing $743.2 million—possibly repositioning capital elsewhere in their portfolio.