Is Walmart Stock Going to $80? 1 Wall Street Analyst Thinks So.
Investors have been worrying about inflation, recession, and economic data that could torpedo this year's stock market run. But (NYSE: WMT) just reported its fiscal second-quarter earnings, which soothed many of those concerns. After a report that beat estimates on both the top and bottom lines, its stock is flying.
Now, one Wall Street analyst thinks there's more to come, even as shares of the world's largest retailer have already soared by 40% this year. In a report released after Walmart's earnings update, Jefferies analyst Corey Tarlowe pointed to reasons he thinks the stock is worth buying. He has a price target of $80 on Walmart shares, implying gains of an additional 10%.
In the earnings conference call with investors, Walmart CEO Doug McMillon named four specific reasons consumers have been flocking to his company's stores. He said shoppers want value, a broad assortment, convenience, and a company they can trust. He sees Walmart as a leader in all four areas.
Source Fool.com
Walmart Inc. Stock
With 92 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
As a result the target price of 73 € shows a slightly positive potential of 9.76% compared to the current price of 66.51 € for Walmart Inc..
