Will Home Depot Hit $500 in 2022?

Home Depot (NYSE: HD) has had an incredible run since the onset of the coronavirus pandemic. Shareholders were pleasantly surprised at one of the unintended consequences of government-mandated shutdowns of non-essential businesses. 

Folks staying home more often, with fewer places to spend their money, looked to the home improvement retailer to complete projects around the home. Sales surged for Home Depot, and its stock price followed suit, rising 56% in 2021. Let's see if Home Depot can maintain that momentum in 2022 and lift its stock price to $500.

Image source: Getty Images.

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Source Fool.com