FMP
Jun 10, 2024 5:19 PM - Davit Kirakosyan
JPMorgan analysts upgraded Walmart (NYSE:WMT) shares to Overweight from Neutral, raising their price target to $81 from $66 on the stock.
The bank argues that Walmart offers a solid combination of defensive and offensive strengths in both revenue and profit amidst a challenging consumer environment and an uncertain second half of 2024.
JPMorgan highlighted several positive factors for Walmart in the U.S. market, including a strong appeal to value-conscious consumers, the potential for modest inflation in grocery prices, and ongoing gains in general merchandise market share. Additionally, JPMorgan sees an underappreciated improvement in Walmart's international profitability.
Overall, JPMorgan believes Walmart's earnings estimates are achievable and anticipates an increase in the stock's valuation. They expect Walmart to achieve multi-year double-digit EPS growth driven by market share gains, benefits from alternative profit streams, and improved profitability in its international segment.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...