Walmart Growth Incentives ‘Are Hitting Stride’, 6 Analysts Explore Q1 Earnings
Shares of Walmart Inc (NYSE:WMT) reported better-than-expected results for its first quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
- Bank of America analyst Robert Ohmes maintained a Buy rating, while raising the price target from $67 to $75.
- KeyBanc Capital Markets analyst Bradley Thomas reiterated an Overweight rating, while lifting the price target from $63 to $75.
- BMO Capital Markets analyst Kelly Bania reaffirmed an Outperform rating, while raising the price target from $65 to $75.
- Telsey analyst Joseph Feldman reiterated an Outperform rating, while raising the price target from $68 to $70.
- Roth Capital Partners analyst Bill Kirk maintained a Buy rating, while lifting the price target from $69 to $71.
- JPMorgan analyst Christopher Horvers reaffirmed a Neutral rating on the stock.
Check out other analyst stock ratings.
BofA Securities: Walmart has momentum “across all income cohorts.”
“Delivery is now larger than pickup for WMT and store-fulfilled ecommerce is seeing the strongest growth and is now half of WMT’s ecommerce business,” Ohmes added.
“Store remodels (on track for 900+ in F25), online SKU expansion (now 420mn vs. 400mn last year) and express delivery capabilities (3 hours or less) are driving broad-based transaction/unit strength & participation in WMT+ (even from lower income consumers),” the analyst wrote. The company’s margins could continue to expand with rising contributions from higher-margin profit streams, including …
Full story available on Benzinga.com
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