Walmart Stock Is Up 29% This Year. Can the Rally Keep Going?
(NYSE: WMT) has been ringing up the register for investors with shares returning 29% thus far in 2024. The first-quarter results from the world's largest retailer were highlighted by solid growth and expanding margins. At a time when consumer pocketbooks are stretched dealing with lingering inflation and high interest rates, Walmart is benefiting from U.S. shoppers looking for a good deal.
On the other hand, is the stock still a great value for investors at its all-time high? Let's explore why the rally may have more room to run.
A major theme for Walmart has been the success of its omnichannel strategy. The company is finding that its customers are attracted not only to the everyday low prices across the more than 10,500 stores globally but also to the convenience of online shopping, including store-fulfilled pickup and delivery options.
Source Fool.com
Walmart Inc. Stock
With 93 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
As a result the target price of 74 € shows a slightly positive potential of 5.91% compared to the current price of 69.87 € for Walmart Inc..
