Melius upgrades Home Depot stock to Strong Buy

Published on 10/15/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 47.86 billion, above USD 47.24 billion consensus. Home Depot stock costs EUR 266.68 on October 15, 2026.

Signals before the next report

Melius Research assigned a Strong Buy rating on October 9, 2026.
Second-quarter revenue reached USD 47.86 billion versus USD 47.24 billion consensus.
Home Depot stock traded at EUR 266.68 at 11:13 a.m. CEST on October 15, 2026 at Lang & Schwarz.

Pop-Art-Comicbild eines Baumarkts, verspielte Darstellung zu The Home Depot Inc. US4370761029 — Pop-Art-Comicszene aus einem Baumarkt greift humorvoll das Geschäft von The Home Depot Inc., ISIN US4370761029, Illustration mit AI erstellt.

Home Depot (ISIN US4370761029) was trading at EUR 266.68 at Lang & Schwarz on October 15, 2026 at 11:13 a.m. CEST. MarketBeat reported that Melius Research upgraded Home Depot to Strong Buy on October 9, 2026.

Three events shape the stock

Home Depot reported adjusted earnings per share of USD 4.92 for the second quarter on August 18, 2026, above the USD 4.73 consensus estimate, according to MarketBeat. Melius Research initiated coverage with a Buy rating and a USD 397.00 target on October 6, 2026, before the firm issued its Strong Buy upgrade on October 9, 2026.

What does the latest quarter show?

Revenue reached USD 47.86 billion in the second quarter, compared with USD 47.24 billion expected by analysts, a 1.31 percent beat. The result was also 5.70 percent above the year-earlier quarter, while net income stood at USD 4.77 billion and operating profit at USD 6.84 billion for the period.

The quarterly figures give the rating change a concrete operating backdrop, but the next test is still ahead. The Home Depot investor-relations page lists fiscal third-quarter 2026 results for November 17, 2026, while its latest published annual figures show fiscal 2025 sales of USD 164.70 billion versus USD 159.50 billion in fiscal 2024.

Dates investors can mark

The next reporting date is November 17, 2026, for fiscal third-quarter 2026 results. The company also announced its 2026 Innovation Award winners on October 7, 2026, according to the The Home Depot investor-relations page.

Valuation remains the counterweight

MarketBeat reported a USD 294.96 billion market capitalization and a 12-month range of USD 277.15 to USD 397.63 on October 9, 2026. That range places the stock picture alongside the stronger second-quarter numbers, while the November report will show whether demand trends are improving.

Home Depot stock was trading at EUR 266.68 at Lang & Schwarz on October 15, 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.