From Nasdaq: 2024-05-09 12:50:00

Walmart (WMT) has surged 16% YTD, outperforming the S&P 500, and may hit new highs pending strong Q1 results on May 16. The company is revamping business operations and expanding into lucrative revenue streams.

Walmart is excelling against Amazon and Target by offering various delivery options and a subscription service. The company is introducing a premium food brand, Bettergoods, to attract higher-income shoppers and is expanding its digital ad segment and automation technologies.

Walmart has shown consistent sales growth, is projected to increase revenue by 3.8% in FY25, and anticipates a 4% rise next year. The company’s stock has climbed 20% in the past two years and is trading 7% below its average price target.

Walmart is trading below its highs at 25.2X forward earnings, and its price tag after the February split may appeal to investors. The company is seen as a reliable retail giant adapting to future trends and remains a dividend payer.

Zacks Investment Research touts an AI company with lucrative prospects, citing clients like BMW and GE. The company has seen stocks double or quadruple within a year, like Boston Beer Company and NVIDIA did previously.

Get free stock reports and analysis on top companies like Amazon.com (AMZN), Target Corporation (TGT), and Walmart Inc. (WMT) from Zacks Investment Research.



Read more at Nasdaq: Buy Walmart Stock Before Earnings and Hold Forever?