Morgan Stanley Says Latest Survey Show Uptick in Walmart+ (WMT) Memberships

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $154.00 price target on Walmart (NYSE: WMT), saying the latest AlphaWise survey points to an uptick in membership.

The analyst commented, "Latest AlphaWise survey points to an uptick in membership: 9% of US households subscribe (or ~12m members). TAM appears steady at ~20m. Takeaways from media report on WMT's Grocery share losses: 1) likely pandemic-driven; 2) could explain why WMT partnered with Instacart last year."

For an analyst ratings summary and ratings history on Walmart click here. For more ratings news on Walmart click here.

Shares of Walmart closed at $140.20 yesterday.

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