This Is What Whales Are Betting On Walmart
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Walmart (NYSE:WMT), with 55% of investors opening trades with bearish expectations. The targeted price range for Walmart over the last 3 months is $135.0 to $210.0. Piper Sandler downgraded its action to Overweight with a price target of $210, while Tigress Financial and Stifel maintained their Buy and Hold ratings with price targets of $196 and $169 respectively.
October 25, 2023 | 7:45 pm
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Bearish stance taken by a significant investor on Walmart. The targeted price range for Walmart over the last 3 months is $135.0 to $210.0. Analysts have mixed ratings with price targets ranging from $169 to $210.
The bearish stance taken by a significant investor, along with the mixed analyst ratings, could lead to uncertainty and potential downward pressure on Walmart's stock price in the short term.
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