Walmart Stock Has 30% Upside, According to 1 Wall Street Analyst
(NYSE: WMT) generated quite a splash with several items of news last week. It reported its fourth-quarter and full-year 2023 earnings where the company said its online global fourth-quarter sales grew 23% year over year, surpassing $100 billion for the full year. And the retail giant announced an acquisition that gave investors a peek into its next planned phase of growth.
That led Piper Sandler analyst Edward Yruma to raise his firm's price target on the company to $76 per share (adjusted for Walmart's recent 3-for-1 stock split) while maintaining a "strong buy" recommendation. That bullish price target represents 30% upside for what many might consider a boring, stodgy stock.
Source Fool.com
Walmart Inc. Stock
€58.89
7.180%
With 52 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 58.89 € the target price of 164 € shows a potential of 178.49% for Walmart Inc. which would more than double the current price.
