Melius Research upgrades Home Depot stock to Strong Buy

Published on 10/13/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melius Research assigned a Strong Buy rating on October 9, 2026. Home Depot stock costs EUR 261.18 on October 13, 2026 versus EUR 260.10.

Key points in brief

Melius Research upgraded Home Depot to Strong Buy in a report covered by MarketBeat on October 9, 2026.
Home Depot posted USD 47.86 billion in second-quarter revenue, up 5.70 percent year over year, and adjusted EPS of USD 4.92.
The stock was at EUR 261.18 at Lang & Schwarz on October 13, 2026, up 0.42 percent versus the Xetra close of EUR 260.10 on October 12, 2026.
The Home Depot investor-relations calendar lists November 17, 2026, for the third-quarter earnings release.

Overhead flat lay of home improvement tools neatly arranged on a wooden workbench: unbranded cordless drill, claw hammer, measuring tape, assorted screws, safety goggles, and a wood plank with sawdust under neutral daylight — Home Depot US4370761029 präsentiert Flatlay-Arrangement von Akkubohrer, Hammer, Maßband, Schrauben und Schutzbrille, Illustration mit AI erstellt.

Home Depot (ISIN US4370761029) received a Strong Buy upgrade from Melius Research in coverage reported by MarketBeat on October 9, 2026. The same report cited a USD 397 price target from Melius Research, while Home Depot's second-quarter results showed revenue of USD 47.86 billion and adjusted earnings per share of USD 4.92.

Three dates define the setup

On August 18, 2026, Home Depot reported second-quarter revenue of USD 47.86 billion, up 5.70 percent from the prior-year quarter, and adjusted earnings per share of USD 4.92 versus consensus of USD 4.73, according to MarketBeat. On September 29, 2026, digital comparable sales increased 11.00 percent in fiscal second quarter 2026, marking the fifth consecutive quarter of double-digit growth, Zacks reported. On October 9, 2026, MarketBeat reported the Melius Research Strong Buy upgrade and a USD 397 target.

What supports the operating case?

Home Depot's online momentum is the clearest quantified support for the analyst view: digital comparable sales grew 11.00 percent in fiscal second quarter 2026, even as housing turnover and affordability constrained larger remodeling projects, according to Zacks. The earnings comparison also matters because adjusted earnings per share of USD 4.92 exceeded the USD 4.73 consensus by USD 0.19, while revenue beat the USD 47.24 billion estimate by USD 0.62 billion, according to MarketBeat.

Next earnings date is November 17

The Home Depot investor-relations calendar lists November 17, 2026, for the third-quarter 2026 earnings release, according to The Home Depot. That date gives the market a defined checkpoint for testing whether digital growth and professional-customer demand can offset softer discretionary renovation activity.

Home Depot stock stays near EUR 261

Home Depot stock was trading at EUR 261.18 at Lang & Schwarz on October 13, 2026, at 11:08 a.m. CEST, up 0.42 percent versus the Xetra close of EUR 260.10 on October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Home Depot stock.