Bank of America Sticks With “Buy” on Walmart, Sees $120 Target
From Financial Modeling Prep: 2025-06-09 08:31:00
Analysts at Bank of America are confident in Walmart’s growth potential, reiterating a “Buy” rating. Walmart’s same-day delivery service now reaches 76% of U.S. households, with plans to expand to 95% by year-end. Online sales are growing over 20% annually, with AI and automation driving improved margins. International operations in China and India are seeing success. Walmart’s focus on digital advertising and third-party marketplaces is boosting margins. The $120 price target reflects strong fundamentals, with potential risks including margin pressure from pharmacy and food price challenges.
Read more at Financial Modeling Prep:: Bank of America Sticks With “Buy” on Walmart, Sees $120 Target