From Financial Modeling Prep: 2024-12-09 08:42:00

RBC Capital analysts raised Walmart’s price target to $105 from $96, citing profit growth potential driven by advertising and membership income. They maintained an Outperform rating on the stock, projecting increased market share and e-commerce profitability. The revised target is based on a 33x multiple of the 2026 EPS estimate of $3.19.

The analysts expect Walmart’s competitive pricing to improve with additional income streams, including Walmart+ memberships and an expanding marketplace assortment. This shift towards general merchandise is anticipated to support margin improvements and drive long-term earnings growth potential. The revised price target is slightly above consensus projections of $3.08 for 2026.



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