Where Will Walmart Stock Be in 3 Years?
Renowned retailer Walmart (NYSE: WMT) doesn't need much introduction; it's the largest retailer in the world when ranked by revenue, and it has stores located within 10 miles of 90% of Americans. It's part of the Dow Jones Industrial Average, an index containing 30 of America's most prominent businesses.
People flock to familiar places when times get tough, and 2022 has been a tough year for the markets. That's made Walmart a popular name (as measured by the stock's hot valuation right now). But can Walmart justify its high price tag?
Walmart's low prices and massive size make it a haven for consumers, but the numbers show that it might not be a safe pick for your portfolio. Here is where shares could trade three years from now.
Source Fool.com
