TD Cowen analyst Oliver Chen maintains $Walmart (WMT.US)$ with a buy rating, and maintains the target price at $85.
According to TipRanks data, the analyst has a success rate of 50.7% and a total average return of 4.7% 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 deemed to be poised to maintain its growth trajectory, with expectations to adhere to its financial growth targets, encompassing approximately 4% in sales growth and 4%-8% in operating income expansion. The company is likely to continue witnessing widespread global sales momentum, an increase in diverse revenue avenues, gains from automation, and robust strategic execution. These factors are anticipated to bolster the enduring robustness in the company's fundamentals. After achieving substantial recent advances and reaching a valuation that appears to be nearing its peak, it is now suggested that the bullish trend for the company is progressing towards the middle stages.
The view is that Walmart is positioned to expand its market share due to its strong value proposition to customers, a variety of growth initiatives, and the implementation of supply chain automation.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
