UBS Analyst Bullish on Walmart Stock, Forecasts $69 Price Target
Walmart's Growth Catalysts
Walmart's growth in e-commerce and advertising services are catalysts for higher margins and earnings this year. Walmart (NYSE: WMT) stock has delivered solid gains for investors over the last few years.
Analyst's Forecast
UBS analyst Michael Lasser recently maintained a buy rating on Walmart stock and raised the price target from $63 to $69, implying 14% upside potential over the current share price.
Solid Performance
For fiscal 2024, Walmart reported a 4% year-over-year increase in comparable sales at U.S. stores. Wall Street's consensus estimate for this fiscal year projects a 3.9% total revenue growth and a 6.3% increase in adjusted earnings per share.
E-commerce and Advertising Success
Walmart's success in e-commerce, with a 23% increase in online sales last quarter, and strong growth in advertising are driving higher profits for the company.
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