Where Will Home Depot Stock Be in 1 Year?

The real estate sector has been dragged down by high interest rates over the past few years. Higher rates have affected many companies in many industries that are directly or indirectly impacted by a slow real estate market, including home improvement companies like Home Depot (NYSE: HD).Some companies are already feeling some positive impacts from the interest rate cuts the Federal Reserve imposed in September, and some stocks have gotten love from investors who are feeling confident about rebounding businesses and further rate cuts.Home Depot has a long track record of excellence, and it pays an attractive dividend. That has kept investors happy despite pressure on its business, and Home Depot stock is up 14% over the past year. Let's see how things might play out over the next 12 months.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool