Could Walmart Stock Be Worth $1 Trillion by 2030?
Big-box retailer Walmart (NYSE: WMT) is worth close to a $500 billion valuation right now. It's one of the most valuable companies in the world, and it's still eyeing a lot more growth in the future. While it may seem like the already-large retailer may be running out of room to grow, that couldn't be further from the truth. The big question, however, is whether it can make for a top-growth stock and potentially double in value by 2030.
Walmart's business is already massive. For the fiscal year ending Jan. 31, 2024, the company generated an incredible $648.1 billion in revenue. In a span of three years, its top line has risen by 16%, while the bottom line has improved by 15% to $15.5 billion.
While that may seem underwhelming for this to be a true growth stock, some catalysts could accelerate Walmart's future growth rate:
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 49 Buy predictions and no Sell predictions.
With a target price of 165 € there is potential for a 198.1% increase which would mean more than doubling the current price of 55.35 € for Walmart Inc..
