Stifel Holds Firm on Home Depot Stock Rating Amid Market Growth
Stifel has reaffirmed its 'Hold' rating on Home Depot Inc. ( ) with a price target of $346.00, citing the company's strong position in the home improvement category.
The firm believes that Home Depot will capitalize on an above-trend-line market and notes that the company currently trades at an enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) of 15.6 times based on the last twelve months.
Stifel's price target is based on 13.5 times EV/EBITDA for fiscal 2027 estimated EBITDA, which represents a modest premium to peers valued at 13 times EV/EBITDA.
Home Depot reported a 1.7% year-over-year growth in comparable sales for the second quarter and maintained its fiscal 2026 sales guidance of flat to 2% growth.