Ali Ahmed
1 min read
In This Article:
On Wednesday, June 4, Evercore ISI analysts raised the price target on Walmart Inc. (NYSE:WMT) from $105 to $107 and kept an “Outperform” rating. The decision came just before the company’s annual Shareholders’ Day store tours and executive meetings planned for Thursday and Friday.
The analysts noted that Walmart Inc. (NYSE:WMT) has gained 10% year-to-date. This compares to a 1% rise in the S&P 500. This strong performance is due to the company’s efforts to grow its market share, increase customer traffic, and improve margins.
A manager standing in a hypermarket, pointing out items available for wholesale.
According to the analysts, Walmart Inc.’s (NYSE:WMT) ability to handle tariff changes and grow its marketing, membership, and fulfillment services is expected to play a vital role in the medium to long term. They also mentioned that a potential Flipkart IPO could affect the stock.
The analysts look forward to learning more about Walmart Inc.’s (NYSE:WMT) plans to gain market share and drive traffic, while also growing earnings before interest and taxes (EBIT) faster than sales. They also noted that the company is moving toward higher-margin businesses like membership programs, advertising, third-party services, and automation.
While we acknowledge the potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None.
