Reported 14 days ago
Home Depot appears to be overcoming its recent struggles, with experts projecting a 1.2% growth in home renovation spending through 2025. Despite a challenging market influenced by high interest rates and economic uncertainty, positive trends in home sales and improvements in consumer demand may signal a rebound. The anticipated interest rate cuts and Home Depot's strategic acquisition of SRS Distribution are additionally expected to bolster its market position, as analysts raise the stock's price targets in anticipation of improved financial performance.
Source: YAHOO