Walmart Analysts Ahead Of 2Q: Likely For Upside Given Defensive Product Mix, Expansion Into Ad, Merchant Services and More
Portfolio Pulse from Anusuya Lahiri
Ahead of Walmart's 2Q23 earnings report, analysts from KeyBanc and Telsey Advisory Group have reiterated positive ratings on the company, citing its defensive product mix, expansion into advertising and merchant services, and strong market position. KeyBanc analyst Bradley B. Thomas has set a price target of $175.00, while Telsey's Joseph Feldman has a target of $168.00. Feldman also expects Walmart to report inline 2Q23 EPS of $1.69, with total sales growth of 4.0% to ~$159 billion.
August 14, 2023 | 6:11 pm
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Analysts have reiterated positive ratings on Walmart, citing its defensive product mix and expansion into new areas. This could potentially boost investor confidence and have a positive impact on the company's stock.
The positive ratings and price targets set by analysts from KeyBanc and Telsey Advisory Group indicate a strong outlook for Walmart. This could potentially boost investor confidence and have a positive impact on the company's stock in the short term.
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IMPORTANCE 80
RELEVANCE 100