Walmart Stock Forecast-Analyst Coverage Update:
Sanford Bernstein issued a research report on Tuesday, December 6th, initiating coverage of Walmart stock forecast (WMT:NYE) with a Market Perform rating, and a 12-month target forecast of $159 per share.
Walmart Inc. Stock Analysis:
According to 29 analysts’ projections for the company’s stock, Walmart Inc’s average 12-month analyst target price is USD 153.88. The typical analyst rating for Walmart Inc. is Strong Buy.
Stock Target Advisor’s own analysis of Walmart stock forecast is Slightly Bearish and is based on 8 positive and 10 negative indications.
WMT stock price was US$151.65 at the most recent closing. The share price of Walmart Inc. changed by -1.21% over the previous week, +7.58% over the previous month, and +10.28% over the previous year.
About Walmart Inc (WMT:NYE):
Walmart Inc. manages retail, wholesale, and other businesses globally. The business is divided into three divisions: Sam’s Club, Walmart U.S., and Walmart International.
It runs supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry shops, and discount shops in addition to membership-only warehouse clubs, e-commerce websites like flipkart.com and samsclub.com, and mobile commerce programmes. The business provides grocery and consumables, which include dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; as well as health and wellness products, which include pharmacy, over-the-counter drugs and other medical products, as well as optical and hearing services.
Additionally, it offers tobacco, gas stations, home improvement, outdoor living, gardening, furniture, clothing, jewellery, housewares, toys, seasonal items, tyre and battery shops, software, video games, office supplies, appliances, and third-party gift cards. It also offers gas stations and tobacco.
The business is headquartered in Bentonville, Arkansas, and was established in 1945.