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Walmart Stock: Why Analysts Are Positive

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Feb. 21 2019, Updated 8:02 a.m. ET

Higher target price

Walmart (WMT) reported strong fourth-quarter results on February 19. Multiple analysts raised their target price following the company’s sales and earnings beat. Analysts expect Walmart to sustain the momentum in its comps in the coming quarters. Here’s how analysts raised the target price:

  • UBS increased the target price to $105 from $100.
  • Raymond James raised the target price to $110 from $105.
  • Telsey Advisory Group increased the target price to $115 from $113.
  • Oppenheimer raised the target price to $105 from $100.
  • RBC raised the target price to $102 from $101.
  • Jefferies increased the target price to $115 from $112.
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Rating and target price summary

Walmart’s efforts to enhance customers’ in-store experience, expanded assortments, and digital expansion—including online grocery pickup and delivery services—are expected to drive its comps higher in the coming quarters.

Among the 32 analysts, 17 remained on the sidelines and recommended “hold,” while 15 recommended a “buy.” Analysts have a consensus target price of $105.82 per share on Walmart stock, which implies an upside of 9.0% based on its closing price of $99.88 on February 20.

Most of the analysts covering Target (TGT) stock also remained on the sidelines. Analysts expect Target to sustain its sales and earnings growth momentum in 2019. However, competitive pressure and margin headwinds remain a drag.

For Costco (COST), analysts maintained a “buy” rating. Analysts expect the company to continue to generate industry-leading sales and earnings growth.

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