#3 - Walmart (NYSE:WMT)
This list of e-commerce stocks wouldn’t be complete without giving a nod to the traditional retail channel. There are many attractive companies in this space including Target (NYSE: TGT) and Home Depot (NYSE: HD). Both companies were early adopters to the omnichannel model that has become essential to brick-and-mortar retail.
But with the combination of the supply chain crunch and inflation, it’s hard to overlook Walmart (NYSE: WMT). The company focuses on everyday low prices on essential items. This focus will serve the company well as consumers are likely to do whatever they can to stretch their dollars further.
WMT stock is flat for the year, but it’s up 16% from the low it hit after a selloff in March. As of this writing, the company has not reported its third-quarter earnings, but the stock has already received two boosted price targets in the last month and a strong earnings report will likely send the stock higher. And don’t forget that Walmart is also a Dividend Aristocrat having increased its dividend in each of the last 45 years.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $88.32
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $91.49 (3.6% Upside)
