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Prediction: Home Depot's Turnaround Could Be Bigger Than Investors Expect

Source: 247wallst.com

Analyst InsightsInvestor Sentiment & PositioningCompany FundamentalsConsumer Demand & Retail
Prediction: Home Depot's Turnaround Could Be Bigger Than Investors Expect

Home Depot is showing its clearest turnaround signal in two years, but the stock remains about 20% below its 52-week high, suggesting investors may be underappreciating the inflection. Despite that disconnect, analysts continue to add buy ratings, implying upside is tied to how the turnaround momentum translates into improving fundamentals and forward performance.

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