Walmart (WMT) PT Raised to $100 at Telsey
Telsey analyst Joseph Feldman raised the price target on Walmart (NYSE: WMT) to $100.00 (from $92.00) while maintaining a Outperform rating.
The analyst commented: "Overall, we expect Walmart to remain a leader and market share gainer in the retail industry, given its defensive, value-priced product mix, strong focus on the customer, and robust financial flexibility. We remain encouraged about Walmart's expanded vision beyond retail and e-commerce to build a powerful ecosystem, including advertising, merchant services, and last-mile delivery as these elements are more profitable than traditional retail. We are maintaining our Outperform rating and raising our 12-month price target by $8 to $100, based on applying a P/E multiple of ~36x to our new, higher 2025 EPS estimate of $2.74."