(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.

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Source Fool.com