1 Wall Street Analyst Thinks Walmart Is Going to $75. Is It a Buy?
Walmart (NYSE: WMT) stock had a banner week last week after the retail giant delivered strong first-quarter results. It posted comparable sales growth of 3.8% in its core Walmart U.S. division, gaining market share at a time when much of the retail sector is struggling with inflation and a shift in consumer spending to services like travel and restaurants.
Walmart also delivered solid operating income growth in all three of its operating segments, and growth in areas like e-commerce and advertising also impressed, up 21% and 24%, respectively. The stock finished up 7% Thursday on the news.
Wall Street also took notice of the strong results, with several analysts upgrading their ratings or raising their price targets on the news. One of them was BMO Capital Markets.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 88 Buy predictions and no Sell predictions.
With a target price of 71 € there is a slightly positive potential of 10.85% for Walmart Inc. compared to the current price of 64.05 €.
