KeyBanc analyst Bradley Thomas maintains $Walmart (WMT.US)$ with a buy rating, and adjusts the target price from $82 to $86.
According to TipRanks data, the analyst has a success rate of 64.8% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Walmart (WMT.US)$'s main analysts recently are as follows:
Walmart is perceived to be at the beginning stages of a multi-year journey to expand its marketplace. By the year 2026, it's anticipated that its third-party marketplace could signify over $150 billion in Gross Merchandise Value and add approximately $15 billion to the company's revenue, a notable increase from a projected $90 billion in GMV and $9 billion in revenue by 2024. As Walmart advances its marketplace and enhances integration between its physical and digital offerings, it is expected that both its eCommerce market share and profit margins will see improvements.
Analysts maintain that Walmart is poised to sustain its financial growth algorithm, projecting approximately 4% in sales increase and 4%-8% in operating income expansion. The company is expected to continue its broad-based global sales momentum, enhance its alternative revenue avenues, gain from automation efficiencies, and uphold strong operational performance. After significant recent gains and achieving a peak valuation, analysts now view the bull run as being in the middle stages rather than the early to middle stages. Walmart is still favored highly by analysts.
Walmart is expected to continue its trajectory of growth and market share gains, attributed to its strong value proposition for consumers, diverse growth strategies, and advancements in supply chain automation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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