Melius starts coverage of Home Depot stock with USD 397 target

Published on 10/23/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melius Research initiated coverage on October 6, 2026 with a USD 397.00 target. Home Depot stock costs EUR 291.23 on October 23, 2026.

Growth and housing signals

Melius Research initiated coverage with a USD 397.00 target on October 6, 2026.
Fiscal second-quarter revenue reached USD 47.86 billion on August 2, 2026, up 5.7 percent year over year.
Home Depot stock traded at EUR 291.23 at 10:31 a.m. CEST at Lang & Schwarz on October 23, 2026.

Black and white documentary photograph of a customer and store employee reviewing blueprints together at a lumber counter in a hardware warehouse, candid reportage style with high contrast grainy film texture — Home Depot US4370761029 dokumentiert in SW-Reportage eine authentische Kundenberatung bei einem Heimwerker-Projekt, Illustration mit AI erstellt.

The Home Depot (US4370761029) drew a USD 397.00 target when Melius Research initiated coverage on October 6, 2026, according to CNBC. Home Depot stock was trading at EUR 291.23 at Lang & Schwarz on October 23, 2026 at 10:31 a.m. CEST.

Coverage rests on housing recovery

The Melius call links its positive view to a possible improvement in existing-home supply and repair demand. The analysts also identified mortgage rates, job growth and consumer confidence as key housing demand drivers, according to CNBC.

Three dated signals for investors

On August 2, 2026, The Home Depot reported fiscal second-quarter revenue of USD 47.86 billion, up 5.7 percent from the prior-year period, while diluted earnings per share reached USD 4.79. On September 17, 2026, its Path to Pro programs said they would deliver 15 million introductions to construction careers, according to The Home Depot. Melius Research then initiated coverage at USD 397.00 on October 6, 2026.

When are the next results?

The next scheduled company date is November 17, 2026, when The Home Depot plans to release fiscal third-quarter results, according to The Home Depot. Its fiscal 2026 guidance calls for diluted earnings per share of USD 14.69 to USD 15.28, according to MarketBeat.

Stock price and investor context

The NYSE quote was last at USD 327.73 on October 22, 2026, while its 52-week range was USD 277.15 to USD 397.63. The company had a market capitalization of USD 327.0 billion as of October 22, 2026. For German investors, the housing thesis now meets a scheduled earnings test in November.

Home Depot stock was trading at EUR 291.23 at Lang & Schwarz on October 23, 2026 at 10:31 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Home Depot stock.