Walmart Gets Boosted Price Target as WMT Reaches Record High

Continuing what has been a dominant month for the retail juggernaut, Walmart has gotten a price target increase to $90 after WMT reached a record-high stock price earlier this month. Indeed, the stock reached a new high mark on October 23rd, surpassing the $83 level.

That could just be the beginning for the company, however, as experts project it to continue rising. Specifically, Wells Fargo implemented the target increase from its previous $88. Moreover, the firm has an overweight rating on the company, predicting a nearly 10% upside for the shares.

Does Walmart Take Apple Pay?
Source: WWD

Also Read: Walmart: WMT Gets $90 Target Upgrade Despite One Key Concern

Walmart Keeps Winning as It Looks to Set Yet Another Record

As we enter the holiday season, retail stocks are poised to benefit in a massive way. Yet, perhaps none could enjoy the massive increase that may be awaiting Walmart (WMT). As the stock continues to benefit from positive sentiment, there is a growing belief that it could just extend what has been a record-breaking run for the company.

Notable Wall Street analyst Wells Fargo was among the first to give Walmart a boosted price target to $90 after WMT reached a record high this month. The firm wasn’t alone, as KeyCorp also offered an increased target price of $88. Both marks would already surpass the company’s current all-time high.

Walmart bitcoin
Source: DesignTaxi

Also Read: Walmart EVP Sells Over 2,000 Shares: What it Means for WMT

TD Cowen gave the company perhaps the most conservative target price increase. Specifically, the firm projected a price target of $85 for the retailer, up from its previous $80 mark. Additionally, they gave the company a buy rating in a research report issued earlier this year.

Another report issued this October has Walmart as one of the favorite stocks for Hedge Funds. With 95 hedge fund holders, there is a belief that the company will be driven by “competitive advantages” and benefits in the cost department.

Moreover, its growth drivers have depended on technology and automation that could only boost its appeal. Earlier this week, it also unveiled new AI integration into its operations. The ongoing AI boom could see the company get a small increase based on its reliance on the emerging technology and the potential of how it could be used in the future.

  • Stocks
  • walmart

Comments

Post a Comment

Popular posts from this blog

Hardpops joins OneRare ecosystem. Hardpops, a grown-up twist of the childhood favorite ice pops. Soon will open an experience store in OneRare’s Foodverse. Aims to find passionate fans of its fun-filled product with a kick of nostalgia.

OneRare is overjoyed to announce that Hardpops, a boozy take on the classic ice-pop, will be opening their first ever Web3-store in OneRare’s Foodverse. This store will be a paradise for icy-lovers worldwide, who are up for a tipsy twist. Hardpops is an innovative product with a mature take on ice-pops, with ingredients and edible colors which are  au naturel  making them perfect summer coolers and widely popular amongst grown-ups across Canada. With their entry into OneRare’s Foodverse, Hardpops plans on popularizing its unique products across the globe. Anchoring on OneRare huge community of food lovers , while sharing their brand story in an immersive experience in OneRare Food Metaverse. OneRare will help Hardpops set up its experience store, with an interactive display of its products and a detailed description of its frozen cocktails. OneRare will also turn its vivid flavors into unique NFTs. It will come with real-world use cases apart from being a flattering collectible.
Read more

Trader Nets $77K Profit in 11 Days Trading Meme Coins: Here Is How

A crypto trader made over $77K from trading meme coins on Solana.  The trader acquired 27 meme tokens, 21 of which he sold for profit, with a 78% win rate. Interests in meme coins have relaxed since the start of 2024, with leading tokens trending in the bearish zone. A crypto trader has netted over $77K in profit trading meme coins on layer-1 blockchain Solana in the past 11 days, cryptocurrency data tracker LookOnChain reported. The profit gains come amidst a tremendous rise in cryptocurrency investors’ interest in meme coins that started late last year.  In the post shared on the social media platform X (formerly Twitter), LookOnChain noted the crypto investor traded 27 Solana meme tokens in the past 11 days. Out of the 27, the trader realized gains on 21 of the tokens. According to that report, the trader netted around $77.7K from the trades with a win rate of 78%. Meanwhile, interest in meme coins appears to have relaxed since the start of the n
Read more

Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

Image
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Ever scale , a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry. Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment will be in stages, based on the progress and cooperation indicators. Ever scale has been diligently working on expanding its reach and integrating its technology solutions in Asian countries over the past two years, while also building a strong community. Its dynamic sharding technology enables it to efficiently adapt to varyi
Read more