Melius sets USD 397 target for Home Depot stock

Published on 10/09/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 47.86 billion, up 5.70 percent. Home Depot stock costs EUR 263.33 on October 9, 2026 versus EUR 263.20.

Key points in brief

Melius Research initiated coverage on October 6, 2026 with a USD 397 target and Buy rating.
Home Depot reported USD 47.86 billion in second-quarter revenue, up 5.70 percent year over year.
The Lang & Schwarz quote was EUR 263.33 on October 9, 2026, plus 0.05 percent versus EUR 263.20.

Architektur-Render eines Logistikgebäudes, visuell verknüpft mit The Home Depot Inc. US4370761029 — Architektur-Render eines modernen Lagergebäudes veranschaulicht das Geschäftsmodell von The Home Depot Inc., ISIN US4370761029, bildhaft, Illustration mit AI erstellt.

Home Depot (ISIN US4370761029) was trading at EUR 263.33 at Lang & Schwarz on October 9, 2026 at 3:17 p.m. CEST, plus 0.05 percent versus the EUR 263.20 prior close on October 8, 2026. The latest company catalyst was Melius Research initiating coverage on October 6, 2026 with a Buy rating and a USD 397 price target, as CNBC reported.

Three events shaped the setup

On August 18, 2026, Home Depot reported USD 47.86 billion in second-quarter revenue, up 5.70 percent year over year, and earnings per share of USD 4.92 versus consensus of USD 4.73, according to MarketBeat.

On September 17, 2026, The Home Depot said its Path to Pro programs would deliver 15 million introductions to high-demand construction careers, according to The Home Depot. On October 6, 2026, Melius Research set its USD 397 target, creating the most recent dated analyst event.

What does the target imply?

The USD 397 target is a market view on a housing-linked recovery rather than a change to reported results. CNBC said Melius expects improving existing-home supply to support repair and remodeling demand, while high interest rates and a slower job market remain headwinds.

Revenue rose while profit pressure remained

The second-quarter revenue comparison gives the stock a measurable operating anchor: USD 47.86 billion versus USD 45.28 billion in the comparable prior-year quarter, based on the reported figures. The quarter also produced net income of USD 4.77 billion and diluted earnings per share of USD 4.79 in the finance data for the period ended August 2, 2026.

Next reporting date is November 17

The Home Depot lists November 17, 2026 as the date for its third-quarter 2026 earnings release on its investor-relations page. That date gives the market its next scheduled checkpoint for sales, earnings and demand trends.

EUR 263.33 in trading

At Lang & Schwarz, Home Depot was trading at EUR 263.33 on October 9, 2026 at 3:17 p.m. CEST, plus 0.05 percent versus the EUR 263.20 prior close on October 8, 2026. The primary listing is on the NYSE, where the finance quote showed a USD 294.6 billion market capitalization, a 52-week range of USD 277.15 to USD 397.63 and 8,693,917 shares of volume as of October 8, 2026.

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