TD Cowen analyst Oliver Chen maintained a Buy rating on Walmart (WMT – Research Report) today and set a price target of $115.00.
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Oliver Chen has given his Buy rating due to a combination of factors that highlight Walmart’s strong performance and strategic advantages. The company’s first-quarter earnings per share exceeded expectations, driven by robust comparable sales in the U.S., which were supported by increased customer traffic and higher average transaction values. Walmart’s ability to capture market share through competitive pricing, while maintaining profitability through its marketplace, advertising, and e-commerce operations, is a significant positive factor.
Additionally, Walmart’s strategic management of tariff costs and its focus on high-margin growth areas, such as Walmart+ memberships, contribute to its favorable outlook. The company’s commitment to low prices and technological advancements is expected to drive operating income growth at a rate faster than sales, despite potential month-to-month volatility. Overall, Walmart’s strong sales guidance for the second quarter and its strategic initiatives position it as a safer investment option amid economic uncertainties.
In another report released today, BMO Capital also reiterated a Buy rating on the stock with a $110.00 price target.
Based on the recent corporate insider activity of 193 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMT in relation to earlier this year.