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2 Home Improvement Stocks Wall Street Predicts Will Rally by 40% or More By StockNews


2 Home Improvement Stocks Wall Street Predicts Will Rally by 40% or More

Because the demand for home improvement products and services is holding steady amid the “new normal” hybrid working culture, we think it could be wise to add home improvement stocks Leslie’s (LESL) and GrowGeneration (NASDAQ:) to one’s watchlist now. Wall Street analysts expect these stocks to rally by more than 40% in price in the coming months. Read on.The home improvement industry sky-rocketed amid the COVID-19 pandemic as people spent significant time at home and adopted a hybrid work culture. Adi Tatarko, the co-founder and CEO of Houzz, said recently, “I think people loved their homes before, but they didn’t spend much time there. The needs [for the house] came together with it during COVID.”

With the hybrid work culture expected to persist for the foreseeable future, the home improvement industry should grow. According to a Research and Markets report, the global home improvement market is expected to grow at a 5.6% CAGR to $1.98 trillion by 2026.

Therefore, we think home improvement stocks Leslie’s, Inc. (LESL) and GrowGeneration Corp. (GRWG) could be solid additions to one’s watchlist now. Wall Street analysts expect them to rally by 40% or more in price in the near term.

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