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Walmart Growth Incentives ‘Are Hitting Stride’, 6 Analysts Explore Q1 Earnings

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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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