Goldman Sachs keeps a Buy rating and $106 price target on Walmart (WMT) ahead of its Investment Community Meeting on April 8th and 9th. The meeting can serve as a catalyst to drive the stock higher as it quantifies the opportunity from automation, which is not yet impacting the P&L to a large degree and could serve as an additional lever for operating income growth in the next couple of years, the analyst tells investors in a research note. Walmart looks well positioned to continue driving solid earnings growth in 2025, supported by market share gains given its compelling proposition of value and convenience, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Amazon Stock (AMZN) Looks Like a Rare Bargain, According to Investors
- Jakks Pacific announces new line of Harry Potter House Robes
- Dollar Tree Stock (DLTR) Jumps as Family Dollar Sale Plans Unfold Ahead of Q4 Earnings
- Pagaya the ‘unambiguous winner’ from Klarna/Walmart deal, says Citizens JMP
- New Deal Does Little to Help Affirm Stock (NASDAQ:AFRM)