Up 20% in 2017, Is Home Depot Stock a Buy?
Home Depot (NYSE: HD) is beating the broad market year to date as investors reward the company for showing healthy sales growth and rising profitability. That rally might be just the start, considering the prospects for continued recovery in the housing market. On the other hand, the retailer could soon face disappointing operating trends as it passes $100 billion of annual revenue and must find new avenues for additional gains.
Below, we'll look at a few good reasons to buy shares in the home-improvement titan, as well as reasons to pass up on this investment.
Image source: Getty Images.
Source: Fool.com
Home Depot Inc. Stock
€328.05
0.680%
The stock is one of the favorites of our community with 42 Buy predictions and 3 Sell predictions.
As a result the target price of 363 € shows a slightly positive potential of 10.65% compared to the current price of 328.05 € for Home Depot Inc..
