#4 - Walmart (NYSE:WMT)
Walmart Inc. (NYSE: WMT) is up 52% in 2024, easily outpacing the S&P 500. At $80, the stock is trading near its 52-week high, but analysts continue to bid the stock higher. And in the last five years, the total return in WMT stock is 115.45%. That means a $1,000 investment made at that time would be worth $2,015.45 today.
There are both systemic and macroeconomic catalysts that could support a higher WMT stock price. The systemic reason is that the company continues leaning into automation and artificial intelligence (AI) to make its operations more efficient. This can help the company take market share away from competitors.
On a macroeconomic level, Walmart has shown in its earnings reports that it’s managing to attract more affluent consumers who are looking to make their dollars stretch further. And they’re capturing this market, even as its core group of consumers are using buy now pay later (BNPL) systems.
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
- $89.45
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $91.88 (2.7% Upside)
