Reported about 1 year ago
Following a meeting with Walmart executives, analysts have reassessed the stock price target for the company. The CFO highlighted a shift towards attracting higher-income customers and emphasized the importance of convenience. Deutsche Bank analyst Krisztina Katai raised the price target to $77 from $71, citing confidence in Walmart's multiyear top- and bottom-line algorithm and potential growth in alternative value streams. The company is also seeing strong membership gains at Sam's Club, with a focus on attracting younger consumers through digital enhancements like curbside pickup.
Source: YAHOO