NFL Draft day is here once again as franchises from the Dallas Cowboys to the Denver Broncos pick their next big star from the college football ranks.
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Picking the next big or sure thing is nothing new to stock market investors. They do it every day with much less jewelry and swagger on display than we will see this evening in Pittsburgh.
To mark Draft Day, let’s take a look at some of Walmart (WMT) investors favorite picks via the TipRanks Crowd Wisdom tool.
It shows us that 2.6% of all 859,470 Smart Portfolio investors hold Walmart stock. It also helpfully reveals what other stocks those Walmart fans have invested in. Let’s look at some of those top picks rushing on stage in their new Walmart caps and jerseys.
Bank of America (BAC)
Average holding size of WMT investors in the stock is 6.60%. The bank has a Strong Buy consensus. Based on 16 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months, the average price target is $60.97 with a high forecast of $71.00 and a low forecast of $55.00. It has a 14.78% upside.
Its stock price is down nearly 3% in the year-to-date hit by uncertain macroeconomic conditions as a result of the Iran war, including the direction of interest rates. There are also concerns in the private credit sector over bad loans.
Ford Motor (F)
Average holding size of WMT investors in the stock is 3.86%. The automaker has a Hold consensus. Based on 12 Wall Street analysts offering 12 month price targets for Ford Motor in the last 3 months, the average price target is $13.79, implying a 10.29% upside, with a high forecast of $17.00 and a low forecast of $10.00.
PayPal (PYPL)
Average holding size of WMT investors in the stock is 3.48%. The payments firm has a Hold consensus. Based on 31 Wall Street analysts offering 12 month price targets for PayPal Holdings in the last 3 months, the average price target is $49.00, implying a 1.37% downside, with a high forecast of $63.00 and a low forecast of $34.00.