Melius upgrades Home Depot stock to Strong Buy

Published on 10/16/2026 at 10:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melius Research set a USD 397.00 target on October 6, 2026. Home Depot stock stood at EUR 274.98 on October 16, 2026 at Lang & Schwarz.

Analyst stance and company dates

Melius Research set a USD 397.00 price target on October 6, 2026.
Home Depot reported USD 47.86 billion in second-quarter 2026 revenue.
Home Depot stock stood at EUR 274.98 at 10:01 a.m. CEST at Lang & Schwarz on October 16, 2026.
The Home Depot scheduled its third-quarter 2026 earnings release for November 17, 2026.

Schwarzweiß-Reportagebild eines Lagers, Aktie The Home Depot Inc. US4370761029 — Dokumentarische Schwarzweiß-Aufnahme eines Baumarkt-Lagers repräsentiert die Aktie The Home Depot Inc., ISIN US4370761029, im Portfolio, Illustration mit AI erstellt.

The Home Depot (ISIN US4370761029) drew a Strong Buy upgrade from Melius Research on October 9, 2026, while the analyst consensus target stood at USD 375.93. The move followed Melius Research's October 6 initiation with a USD 397.00 target, as reported by MarketBeat.

Quarterly results support the case

The Home Depot reported USD 47.86 billion in revenue and USD 4.77 billion in net income for the quarter ended August 2, 2026. The company source also showed fiscal 2025 sales of USD 164.7 billion, compared with USD 159.5 billion in the prior fiscal year, while adjusted operating margin declined to 13.1 percent from 13.8 percent. These figures appear in the investor materials of The Home Depot.

What is driving the upgrade?

CNBC reported that Melius Research linked its view to a possible improvement in existing-home supply and repair demand. The article said Melius expects the trend to continue for two to three years, offering a quantified time horizon rather than a near-term earnings forecast.

Three dates frame the story

On August 2, 2026, Home Depot's quarterly revenue reached USD 47.86 billion. On October 6, 2026, Melius Research initiated coverage with a USD 397.00 target. On October 9, 2026, Melius Research upgraded the stock to Strong Buy while MarketBeat cited a USD 375.93 consensus target.

Reporting date ahead

The next scheduled company event is the third-quarter 2026 earnings release on November 17, 2026, according to The Home Depot. The date gives investors a defined point for testing whether housing-related demand is translating into stronger operating performance.

Stock price and analyst targets

The contrast is clear: second-quarter revenue rose to USD 47.86 billion, while the adjusted operating margin in fiscal 2025 was 13.1 percent. Analysts are therefore emphasizing future housing turnover and repair demand, whereas the company enters the next reporting date with a margin comparison that remains below the prior year's level.

Home Depot stock at Lang & Schwarz

Home Depot stock was trading intraday at EUR 274.98 at Lang & Schwarz on October 16, 2026 at 10:01 a.m. CEST. The price is stated in euros for investors in Germany, while the analyst targets remain in USD and refer to the NYSE-listed shares. The further course of trading is shown by the continuously updated real-time quote of Home Depot stock.