RBC Capital analyst Steven Shemesh maintains $Walmart (WMT.US)$ with a buy rating, and adjusts the target price from $80 to $88.
According to TipRanks data, the analyst has a success rate of 51.5% and a total average return of -0.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Walmart (WMT.US)$'s main analysts recently are as follows:
Walmart continues to be in the initial phases of a potentially multi-year evolution, focusing on expanding its marketplace. By 2026, it's anticipated that the third-party marketplace could amount to over $150 billion in Gross Merchandise Value and add $15 billion to Walmart's revenue, a notable increase from the projected $90 billion GMV and $9 billion in revenue by 2024. As the company advances its marketplace and enhances the integration of its physical and digital offerings, it's expected that both its eCommerce market share and profit margins will see improvement.
Following a visit to a Walmart Supercenter, observations made pointed to a sustained robust performance in the grocery sector, helping the company to both expand its market share and draw in new consumers. It was noted that Walmart's emphasis on value, convenience, and the broadening of its product assortment are key factors aiding in market share acquisition across various incomes and product segments.
Note:
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