With home equity levels in the U.S. near record highs, the Home Depot stock forecast looks favorable, relying on increased homeowner investment in property maintenance and renovations. Jeremy Bowman has positions in Home Depot. The Motley Fool has positions in and recommends Home Depot. The Motley Fool recommends Lowe's Companies. The Motley Fool has a disclosure policy . Online sales rose about 12% from the year-ago quarter, Bastek said. He attributed some of that to the company's faster delivery speeds. Home Depot stock forecast metrics show a PEG ratio near 1.8, suggesting growth is reasonably priced relative to projected earnings acceleration in the home improvement retail space.