1 Wall Street Analyst Thinks This Stock-Split Stock Is Going to $67. Is It a Buy Around $60?
(NYSE: WMT) is a stock that has many believers, and among these bulls are analysts who follow the stock professionally. One prognosticator has even flagged the sturdy retail sector giant as a top pick for his company. Could he be right?
Several days before Walmart was slated to unveil its earnings results for the first quarter of fiscal 2025, Oppenheimer's Rupesh Parikh weighed in on the company. In a new research note, Parikh reiterated his outperform (i.e., buy) recommendation and $67-per-share price target. That level implies an 11% potential upside on the most recent closing share price.
Parikh pointed out that there has been some concern about Walmart's grocery business following the rollout of a grocery subscription offering from Amazon.
Source Fool.com
Walmart Inc. Stock
The stock is one of the favorites of our community with 73 Buy predictions and 1 Sell predictions.
With a target price of 153 € there is potential for a 146.3% increase which would mean more than doubling the current price of 62.12 € for Walmart Inc..
