Citi analyst Paul Lejuez maintained a Buy rating on Walmart today and set a price target of $120.00.
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Paul Lejuez has given his Buy rating due to a combination of factors that highlight Walmart’s strong market position and growth potential. Despite a slight earnings miss in the second quarter, Walmart’s fundamental performance remains robust, with U.S. comparable sales showing a solid increase and e-commerce sales accelerating significantly across all segments. Additionally, U.S. advertising revenues and global membership fee income have seen substantial growth, indicating strong operational momentum.
Lejuez also notes that Walmart is successfully capturing market share across various income groups, particularly among higher-income demographics. The company’s forward guidance suggests continued sales and operating income growth, albeit with some headwinds from external factors. Overall, the expectation of a favorable tariff environment and Walmart’s strategic advantages support the Buy rating, as the company is well-positioned to capitalize on its competitive strengths in the coming quarters.
Lejuez covers the Consumer Cyclical sector, focusing on stocks such as Gap Inc, PVH, and Five Below. According to TipRanks, Lejuez has an average return of 9.6% and a 57.49% success rate on recommended stocks.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $110.00 price target.