Why Wal-Mart Stock Was Soaring Today
Shares of Wal-Mart Stores, Inc. (NYSE: WMT) were surging Thursday after the retail giant delivered a blowout third-quarter earnings report. As of 10:52 a.m. EST, the stock was up 8.5%.
Wal-Mart reported its best comparable sales growth in more than eight years as sales at established stores in the U.S. climbed 2.7% on a 1.5% uptick in traffic. The growth in comparable sales was aided by a 50% jump in U.S e-commerce sales, which added 80 basis points to same-store sales growth. The company also beat estimates on the top and bottom lines.
Image source: Walmart.
Source: Fool.com
Walmart Inc. Stock
€56.00
-0.020%
With 51 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 56.0 € the target price of 164 € shows a potential of 192.86% for Walmart Inc. which would more than double the current price.
