What does the future hold for the Home Depot Inc share price?

The Home Depot Inc (NYQ:HD) share price has risen by 8.72% over the past month and it’s currently trading at 282.86. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Home Depot Inc currently has:

• 7 Buy recommendations

• 10 Hold recommendations

• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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What else can I look at?

At its current price of 282.86, shares in Home Depot Inc are trading at a discount of -2.66% to its 52 week high price. The 1-year performance of the shares has been 30.3%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Home Depot Inc it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Home Depot Inc that you can find out about here.

Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.