In a report released yesterday, Paul Lejuez from Citi maintained a Buy rating on Walmart (WMT – Research Report), with a price target of $120.00.
Paul Lejuez has given his Buy rating due to a combination of factors that highlight Walmart’s strong positioning and strategic advantages. The company’s extensive investments over the years are now yielding significant benefits, particularly in their omni-channel capabilities and advanced supply chain technology, which are unmatched by competitors. This gives Walmart a competitive edge in maintaining momentum and expanding market share, even amidst changing macroeconomic conditions.
Furthermore, management’s strategic approach to pricing and their ability to leverage various operational levers provide flexibility in navigating current challenges. The company’s focus on digital and high-growth businesses, such as e-commerce and advertising, is expected to drive substantial profit growth in the coming years. Additionally, Walmart’s commitment to maintaining wide price gaps and its proactive measures in managing costs and supply chain efficiencies further reinforce the positive outlook. These factors collectively support the Buy rating, with an expected share price return of 33.9%.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $112.00 price target.
WMT’s price has also changed moderately for the past six months – from $80.400 to $89.600, which is a 11.44% increase.