Stifel Sticks with Hold Rating for Home Depot Amid Housing Market Pressures
Stifel has maintained its Hold rating on Home Depot stock, setting a price target of USD 346.00. The analyst's call comes as the housing market remains under pressure from high borrowing costs and low housing turnover. This makes big-ticket project activity crucial for the company, which relies on both do-it-yourself demand and professional contractors.
Home Depot reported second-quarter revenue growth of 5.70 percent, reaching USD 47.86 billion. Adjusted earnings per share exceeded expectations at USD 4.92, while fiscal 2026 earnings-per-share guidance was set at USD 14.69-15.28.
The company's third-quarter results are expected to provide insight into professional-customer demand and its ability to convert revenue growth into earnings. Home Depot will release its quarterly earnings report on November 17, 2026. The stock is currently trading at EUR 252.98, up 0.63 percent from the prior close.