BofA Securities analyst Robert Ohmes maintains $Walmart (WMT.US)$ with a buy rating, and maintains the target price at $95.
According to TipRanks data, the analyst has a success rate of 59.9% and a total average return of 10.6% 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 onset of what could be a prolonged period of evolution, focusing on expanding its marketplace. By 2026, it's anticipated that the third-party marketplace could account for over $150 billion in Gross Merchandise Value and add $15 billion to the company's revenue, in contrast to a GMV of $90 billion and $9 billion in revenue by 2024. As Walmart develops its marketplace and enhances the integration of its physical and digital operations, it's expected that both the company's eCommerce market share and profit margins will see an uptrend.
Following a visit to a Walmart Supercenter, an analyst reported that the retailer's continued dominance in the grocery sector is contributing to market share growth and the attraction of new customers. The analyst emphasized that Walmart's ongoing emphasis on value, convenience, and enhancements in product variety is facilitating share gains across various incomes and product segments.
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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