Citi Reiterates Buy Rating on Walmart (WMT)
Citi analyst Paul Lejuez reiterated a Buy rating and $120.00 price target on Walmart (NYSE: WMT)
The analyst comments "The “WMT winning” theme continues, though high mkt expectations and F25 guidance that was weaker than consensus weighed on the stock. But nothing has changed. WMT US continues to gain share in all income cohorts (though led by higher income consumers), driven not only by WMT’s mindshare for value but also its convenience. Higher growth businesses such as marketplace, fulfillment and advertising are increasingly contributing to profits and will help drive margins in the future (and we believe WMT can exceed historical peak EBIT margins). We believe 2025 guidance will prove conservative as was the case in 2024, and believe WMT is positioned to outperform in the uncertain macroeconomic environment. The company is clearly winning and taking share, creating advantages versus the competition that we believe are sustainable."
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Shares of Walmart closed at $97.21 yesterday.