Walmart has joined the $1 trillion club, becoming the latest member of this elite group. The company is the world’s largest retailer by sales and has seen incredible growth since its IPO in 1970, with a stock gain of 4,755,356%. Walmart’s recent results show a 5.8% increase in net sales year over year, driving adjusted earnings per share up 7%. The company’s use of technology and relentless focus on low prices have been key to its success. Analysts are bullish on Walmart, with 93% of them rating the stock a buy or strong buy.

Despite its high valuation, Walmart’s stock has outperformed the Nasdaq Composite and the S&P 500 over the past five years, gaining 482%. The company’s incorporation of the latest technology, market share gains, and strong track record make it a compelling investment opportunity. Analysts believe that Walmart’s growing Walmart+ membership will provide greater customer insight, leading to increased sales and profits. It’s clear that Walmart is worth considering for investors looking for long-term growth opportunities.

Read more at Yahoo Finance: The Newest Member of the $1 Trillion Club Has Soared 4,755,356% Since Its IPO, and It’s Still a Buy Right Now, According to Wall Street (Hint: Not a Tech Stock)