Reported 7 months ago
HSBC analysts have upgraded Walmart's price target from $70 to $81, maintaining a Buy rating. Walmart has been commended for its strategic business restructuring to boost efficiency, including exiting underperforming businesses. The company is focusing on three key initiatives to enhance its ecommerce profitability: using AI for personalized search, leveraging physical store locations for omnichannel offerings, and growing its ad business, Walmart Connect, with ad sales up 26% last quarter.
Source: YAHOO