Here's How Much $1000 Invested In Home Depot 15 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, Home Depot (NYSE:HD) has delivered an average annual return of 18.58%, outperforming the market by 6.17% on an annualized basis. A $1000 investment in HD 15 years ago would now be worth $12,673.03. Home Depot's market capitalization currently stands at $330.44 billion.
April 19, 2024 | 4:32 pm
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Home Depot has shown significant growth over the past 15 years, with a $1000 investment growing to $12,673.03, reflecting an 18.58% average annual return.
The substantial growth in Home Depot's stock value over the past 15 years, significantly outperforming the market, indicates a strong and stable investment. This historical performance, coupled with a large market capitalization, suggests a positive outlook for HD's stock in the short term, assuming market conditions remain favorable and no negative external factors impact the retail sector or the broader economy.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100