Everything's Going Right for Wal-Mart, but Challenges Remain
Shares of megaretailer Wal-Mart Stores (NYSE: WMT) soared on Thursday, thanks to a third-quarter report that soundly beat expectations. Comparable sales in both the U.S. and international markets were up, and the e-commerce business continued to produce incredible growth.
With another strong report, Wal-Mart is disproving two narratives roiling the retail industry: first, that brick-and-mortar retail is dead, killed by Amazon.com (NASDAQ: AMZN) and other online retailers; and second, that Amazon's e-commerce success can't be matched. One look at Wal-Mart's results shows that neither is entirely true.
Wal-Mart still has a long road ahead of it as it aims to catch up with Amazon. But so far, the company's strategy is working perfectly.
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 193.54% increase which would mean more than doubling the current price of 56.21 € for Walmart Inc..
