One thing is certain in the modern world – everyone has got an opinion – and that includes business bloggers favoring Target (TGT), Kroger (KR) and Costco (COST) over rival Walmart (WMT). In the past that might have been restricted to venting your spleen over a drink down the pub or a letter to an organization. Now it is instant and automatic through your phone or laptop.
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Online, those opinions are often expressed in a blog. They can exasperate, interest, bore and in the world of investing shine an insight onto how your favorite stocks are performing in the big, bad, business world.
On TipRanks, we can tap into the wisdom of bloggers in a tool we have creatively called Blogger Opinion.
Let’s see what it shows for those investors deliberating the prospects of U.S. retail giant Walmart (WMT).
Bloggers are Bullish
Walmart Blogger sentiment is based on 33 blogger opinions. As we can see above, Walmart has a Bullish rating of 70%. Most of the opinions are published on known financial websites such as SeekingAlpha and Motley Fool.
But there is also a special place for TipRanks contributors to have their say and be counted in the overall score.
Take Joshua Enomoto, who has a bullish stance on the Walmart stock. In one of his most recent articles in TipRanks he said: “Remaining relevant amid rising economic challenges comes as no surprise. While the company clearly is exposed to the consumer discretionary market, its big-box business model is durable for selling key necessities at everyday low prices.”
Another contributor Bernard Zambonin, recently stated: “For years, Walmart was perceived—and priced—primarily as a low-income trade-down thesis. Now, as it officially joins the select trillion-dollar club, it’s clear that the narrative has shifted, and for the better. Today, it’s more than fair to say that Walmart remains a value play for lower-income households, but it has also become an omnichannel play for higher-income consumers—not to mention the growing retail media and marketplace story.”
How Do Rivals Measure Up?
Retail rival Target also has a Bullish blogger ranking with a 90% rating. Kroger has the same ranking and 90% rating. Costco has a Bullish ranking and a 75% rating. Walmart has work to do to win the hearts and minds of the business bloggers.
Is WMT a Good Stock to Buy Now?
On TipRanks, WMT has a Strong Buy consensus based on 27 Buy and 2 Hold ratings. Its highest price target is $150. WMT stock’s consensus price target is $138.92, implying a 11.41% upside.
