Melius sets USD 397 target for Home Depot stock

Published on 10/12/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melius set a USD 397 target on October 6, 2026. Home Depot stock is at EUR 260.28 on October 12, 2026, with Q2 revenue of USD 47.86 billion.

Key points in brief

Melius Research initiated coverage of Home Depot with a Buy rating and a USD 397.00 price target on October 6, 2026.
Fiscal second-quarter revenue reached USD 47.86 billion, up 5.70 percent year over year, according to MarketBeat.
Home Depot stock was at EUR 260.28 at Lang & Schwarz on October 12, 2026 at 11:13 a.m. CEST.
The next earnings release is scheduled for November 17, 2026, according to The Home Depot.

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.

Home Depot (ISIN US4370761029) received a USD 397.00 price target and Buy rating from Melius Research on October 6, 2026, when the firm initiated coverage, as CNBC reported. The call puts housing recovery and repair demand at the center of the investment case.

Analyst call meets weak housing

Melius linked its positive view to rising existing-home supply, which could support home sales and repair-and-remodel demand over the next two to three years. The same analysis identified high interest rates, slower job growth and weak consumer confidence as continuing housing headwinds.

The target stands against a difficult trading backdrop. Home Depot's 52-week range was USD 277.15 to USD 397.63 as of October 9, 2026, while market capitalization stood at USD 289.9 billion on that date.

Second-quarter revenue reached USD 47.86 billion

Home Depot reported fiscal second-quarter revenue of USD 47.86 billion, up 5.70 percent from the year-earlier quarter, while adjusted earnings per share reached USD 4.92 and exceeded consensus by USD 0.19, according to MarketBeat. The revenue comparison gives the Melius target a concrete operating backdrop, but the report also described pressure from rates and housing activity.

The Home Depot lists fiscal 2025 sales of USD 164.7 billion and an adjusted operating margin of 13.10 percent. Its investor calendar sets the fiscal third-quarter 2026 earnings release for November 17, 2026.

What comes next for Home Depot?

The next measurable test is the November 17 earnings release, when investors can compare demand in repair and maintenance projects with the housing-sensitive categories highlighted by Melius. The contrast is clear: fiscal second-quarter revenue grew 5.70 percent, while the analyst case depends on a future improvement in existing-home activity.

At Lang & Schwarz, Home Depot stock was trading at EUR 260.28 on October 12, 2026 at 11:13 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Home Depot stock.