Melius starts Home Depot coverage and targets Home Depot stock at USD 397.00

Published on 10/07/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 5.70 percent to USD 47.86 billion in the second quarter. Home Depot stock costs EUR 255.48 on October 7, 2026 after EUR 254.98.

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) was trading at EUR 255.48 at Lang & Schwarz on October 7, 2026 at 3:38 p.m. CEST, plus 0.20 percent versus the prior close of EUR 254.98. Melius Research initiated coverage with a Buy rating and a USD 397.00 price target on October 6, 2026, according to CNBC.

Melius sees housing recovery

The Melius call links its positive view to improving existing-home supply and a potential recovery in repair and remodeling demand, while identifying high borrowing costs and a slower job market as headwinds, CNBC reported on October 6, 2026. The USD 397.00 target is a distinct catalyst from the latest operating figures because it rests on a forward housing thesis rather than a new company forecast.

Quarterly figures set the base

Home Depot reported USD 47.86 billion in revenue for the second quarter of 2026, up 5.70 percent year over year, and adjusted earnings per share of USD 4.92 versus a USD 4.73 consensus estimate, according to MarketBeat in its September 24, 2026 report. The same report lists fiscal 2026 adjusted earnings-per-share guidance of USD 14.69-15.28, keeping the analyst target against a defined company outlook.

Home Depot's investor relations calendar schedules the third-quarter 2026 earnings release for November 17, 2026, according to The Home Depot. That date gives the market its next company-specific test of demand, margins and guidance.

Stock remains below yearly high

The primary-exchange quote was last at USD 285.38 on the NYSE on October 7, 2026 at 9:52 a.m. ET. That level was 28.23 percent below the USD 397.63 52-week high, while Home Depot's market capitalization stood at USD 284.6 billion as of October 7, 2026.

Euro quote holds above prior close

For German investors, the reference remains the Lang & Schwarz quote at EUR 255.48, plus 0.20 percent against the EUR 254.98 prior close of October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Home Depot stock.