Morgan Stanley notes the firm’s latest survey suggests Walmart+ has about 21M members, which the firm says is “near a record high,” but also “a slight downtick” from its prior two surveys. However, the firm adds that analysis of membership fee disclosures “suggests actual Walmart+ membership could be about 35% below our survey, mainly due to user response error.” The firm keeps an Overweight rating and $170 price target on Walmart shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WMT:
- Walmart Stock (NYSE:WMT): Take the Safe Road
- Walmart (NYSE:WMT) Eyes Health Care Sector with Massive Investment
- Here’s Why Walmart Stock (NYSE:WMT) Hit a New 52-Week High Yesterday
- Walmart reduces hourly pay for some new hires, WSJ reports
- Academy Sports Stock (NASDAQ:ASO): A Diamond in the Retail Rough