Home Depot Stock: Supportive Environment Upcoming
October 13 2021 - 11:19AM
TipRanks
I am neutral on Home Depot (HD) because while its business model
has proven to generate strong profitability and long-term growth,
its valuation multiples indicate that it trades at a premium. Home
Depot is the largest home improvement retail chain in the United
States. The company operates many big-box stores across all U.S.
states, 10 provinces of Canada, and 32 Mexican states.
(See Analysts’ Top Stocks on TipRanks) Strengths Home
Depot operates in over 2,000 locations and is the employer of over
500,000 people. The company receives millions of orders every year
from customers who use its products.
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Home Depot (NYSE:HD)
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