Oppenheimer analyst Rupesh Parikh maintains $Walmart (WMT.US)$ with a buy rating, and adjusts the target price from $75 to $90.
According to TipRanks data, the analyst has a success rate of 63.9% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Walmart (WMT.US)$'s main analysts recently are as follows:
Walmart remains in the initial phase of an anticipated multi-year evolution, with projections indicating significant growth in its marketplace. By the year 2026, it is expected that the third-party marketplace could generate in excess of $150 billion in Gross Merchandise Value and add approximately $15 billion to the company's revenue, a notable increase from the forecasted $90 billion GMV and $9 billion revenue in 2024. As Walmart continues to expand its marketplace and enhance the synergy between its brick-and-mortar and online operations, analysts predict an uptick in its e-commerce market share and profit margins.
Walmart is considered to be in a strong position to achieve its targeted range of around 4% sales growth and 4%-8% operating income growth. The company is expected to maintain broad-based global top-line momentum and benefit from increasing alternative revenue streams, the application of automation, and solid operational performance. As a result, the fundamental strengths of Walmart are anticipated to persist. Following significant recent successes and a valuation that appears to be reaching a high point, it is now thought that the bullish phase of the stock is progressing into its middle stages. Walmart continues to be highly regarded as a preferred investment choice.
The analyst suggests that Walmart is poised to increase its market share owing to its attractive consumer value proposition, diverse growth strategies, and advancements in supply chain automation.
Note:
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