Reported 7 months ago
Following Walmart's annual meeting, analysts have updated stock price targets for the retail giant. Bank of America Securities maintains a buy rating and $75 stock price target, noting Walmart's value proposition and omnichannel convenience appeal to various income groups. Meanwhile, Telsey Advisory raises the price target to $75 and Jefferies to $77, both emphasizing Walmart's potential for profitable growth, market share gains, and technological innovations like AI and automation driving significant earnings by 2029.
Source: YAHOO