Home Depot stock: Why analysts are bullish despite Q2 guidance and what’s next for investors

Financial Advisors

Home Depot stock: Why analysts are bullish despite Q2 guidance and what’s next for investors

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Home Depot Inc (NYSE: HD) has recently reported its Q2 earnings, and while its guidance may appear cautious, it is consistent with market expectations.  Michael Baker, a senior retail analyst at D.A. Davidson, believes that despite the muted outlook, Home Depot is poised for future growth. Home Depot’s updated forecast for 2024 projects a decline

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