Walmart Remains A Top Pick - This Analyst Is Optimistic On Increased Market Share And Profitability
Portfolio Pulse from Anusuya Lahiri
Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Walmart Inc (NYSE:WMT) with a new price target of $67, adjusted for a 3-for-1 stock split. The split-adjusted shares will begin trading on February 26. Parikh is optimistic about Walmart's potential for grocery share gains, alternative revenue streams, e-commerce investments, and international expansion, projecting ~4% sales and operating income growth. The $67 price target is based on a ~27x P/E multiple of the fiscal 2025 EPS forecast of $2.50. Walmart's shares rose 1.9% to $59.63.
February 26, 2024 | 5:57 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Walmart Inc's stock receives an Outperform rating from Oppenheimer with a new price target of $67, reflecting optimism in its market share and profitability growth. The stock split and positive outlook could influence short-term performance.
The analyst's optimism and the upward adjustment of the price target post-stock split reflect a strong belief in Walmart's growth trajectory. The specific mention of sales and operating income growth projections, along with the stock's positive price action, suggest a favorable short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100