Oppenheimer analyst Rupesh Parikh maintains $Walmart (WMT.US)$ with a buy rating, and adjusts the target price from $90 to $100.
According to TipRanks data, the analyst has a success rate of 63.8% 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 is optimizing its cost leadership and pricing strategies, while effectively using its scale and advanced technology to expand market share and enhance alternative revenue sources.
Walmart is demonstrating the potential it holds for sustained future growth as it transitions into a new phase of its life cycle. This transformation mirrors its earlier evolution from big boxes to supercenters, suggesting that Walmart should continue to be a principal, long-term investment.
Following a strong Q3, the outlook for Walmart is perceived positively with expectations of broad-based share gains and long-term profitability enhancements. This optimism is bolstered by the growth of high-margin digital advertising and third-party Marketplace seller fees, alongside improvements in core e-commerce losses.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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