Jefferies analyst Corey Tarlowe raised the firm’s price target on Walmart (WMT) to $105 from $100 and keeps a Buy rating on the shares after the company reported a Q3 beat and raised its FY25 guidance. Same-store sales growth continues to benefit from positive transactions, unit volumes, and general merchandise trends, notes the analyst, who remains “incrementally encouraged” by Walmart’s ability to offer customers improved value and sees robust growth and share gains ahead.
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Read More on WMT:
- Citi downgrades Target to Neutral after ‘very poor results’
- Walmart price target raised to $97 from $81 at Roth MKM
- Walmart price target raised to $100 from $90 at TD Cowen
- Walmart price target raised to $102 from $98 at Bernstein
- Walmart price target raised to $96 from $92 at RBC Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
