America’s largest retailer, Walmart (NYSE:WMT), announced on Tuesday that it has expanded online healthcare benefits for its employee health insurance plan. Walmart workers in 28 U.S. states are included in this care package.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The company said it partnered with virtual healthcare services provider Included Health to expand this service, which it says is already available in 21 U.S. states. Employees of the company will have access to virtual care options, including digestive health and physical therapy. By next year, Walmart said the care package will include a few diagnostic tests at home.
This recent move comes on the back of a broader plan to expand its footing in the healthcare industry. In recent months, Walmart has unveiled plans to open new healthcare centers and capture a bigger share of the market.
Is Walmart a Good Stock Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on WMT stock based on 25 Buys, four Holds, and zero Sell assigned in the past three months, as indicated by the graphic above. Furthermore, the average Walmart price target of $179.22 per share implies 13.55% upside potential.