Wells Fargo analyst Edward Kelly maintained a Buy rating on Walmart (WMT – Research Report) yesterday and set a price target of $108.00.
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Edward Kelly has given his Buy rating due to a combination of factors that highlight Walmart’s resilience and strategic positioning. Despite the challenging market conditions, Walmart has shown its capability to perform well, with its earnings per share surpassing market expectations by 5%. The company is gaining market share, and its operational strategies are yielding positive results, although the fundamentals did not significantly exceed expectations.
Walmart is also well-prepared to handle the current tariff environment, maintaining a focus on strategic pricing and inventory management while remaining committed to its long-term financial goals. The company has demonstrated improvement in business conditions, particularly in April and May, and continues to see growth across various income levels. Although there are uncertainties related to tariffs and other economic factors, Walmart’s proactive approach and strong market position support the Buy rating.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $105.00 price target.
WMT’s price has also changed moderately for the past six months – from $84.250 to $96.350, which is a 14.36% increase.