Walmart Inc. (NYSE: WMT) is highlighted as one of the best stocks to buy by billionaire Ken Fisher, with Guggenheim raising its price target to $115 due to solid fundamentals and revenues hitting $685 billion in the last 12 months.

Guggenheim remains bullish on Walmart’s future despite Amazon’s expansion into same-day fresh food delivery, citing Walmart’s unmatched scale and strong store and supply chain assets as competitive advantages.

Guggenheim expects Walmart’s second-quarter total sales to increase by 4.4% and EBIT growth of 8.7%, potentially leading to an upward revision of EBIT growth guidance from the current range of 3.5% to 5.5%.

Walmart Inc. (NYSE: WMT) operates a global network of retail and wholesale stores, membership clubs, ecommerce platforms, and mobile apps across multiple countries.

While Walmart is seen as a promising investment, some believe other AI stocks may offer greater upside potential and less downside risk. An undervalued AI stock that could benefit from current tariffs and onshoring trends is recommended for those seeking high returns.

Disclosure: None. Original article published on Insider Monkey.

Read more at Yahoo Finance: Guggenheim Shrugs Amazon Threat Lifts Walmart (WMT) Price Target