Walmart: Buy, Sell, or Hold?
(NYSE: WMT) recently reported its fiscal 2024 first-quarter financials, and the results beat Wall Street expectations. Although diluted earnings per share (EPS) tumbled 16%, revenue jumped 7.6%, a sign that customers are seeking out value-focused retailers. Management was so pleased with the results that they raised the full-year guidance for both figures.
Should this dominant retail stock, which is up 26% over the past year, be in your portfolio? Or is it time to take the profits and sell? Let's take a closer look at Walmart.
During the company's most recent fiscal quarter (Q1 2024 ended April 30), U.S. same-store sales were up 7.4%, with e-commerce revenue increasing 27%. The e-commerce figure was boosted by the fact that advertising revenue soared 30% globally. Because Walmart's website is such a popular shopping destination, it makes sense that leadership is really trying to push more into ads.
Source Fool.com
Walmart Inc. Stock
With 81 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 15.49% compared to the current price of 63.21 € for Walmart Inc..
