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. 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...