Walmart (NYSE:WMT) Price Target and Financial Outlook

• Peter Keith from Piper Sandler sets a price target of $93 for Walmart (NYSE:WMT), indicating a potential increase of about 10.28%.
• Walmart's anticipated third-quarter earnings are $0.53 per share with expected revenue of $166.57 billion.
• Jefferies analyst Corey Tarlowe raises Walmart's price target from $90 to $100, reflecting positive sentiment around the company's performance.

On November 18, 2024, Peter Keith from Piper Sandler set a price target of $93 for Walmart (NYSE:WMT). At the time, the stock was priced at $84.33, suggesting a potential increase of about 10.28%. Walmart, a leading retail giant, is known for its extensive network of stores and e-commerce platforms, competing with companies like Amazon and Target.

Walmart is set to release its third-quarter earnings results on November 19, 2024. Analysts expect earnings of $0.53 per share, up from $0.51 in the same period last year. The anticipated revenue is $166.57 billion, an increase from $159.44 billion a year ago. This growth reflects Walmart's ability to expand its customer base across various income levels.

Jefferies analyst Corey Tarlowe has maintained a Buy rating on Walmart, raising the price target from $90 to $100. This reflects positive sentiment around the company's performance. Walmart's digital advertising business is a key area of growth, contributing to improved profit margins, as highlighted by Bank of America analysts.

Walmart offers an annual dividend yield of 0.99%, with a quarterly dividend of 20.75 cents per share. To earn $500 monthly from dividends, an investor would need to invest approximately $609,000 in Walmart stock. Despite the stock's current overbought status, the improvement in Walmart US's operating margin is seen as a significant advantage for shareholders.

The stock's current price is $84.33, with a slight increase of 0.08, or 0.095%, from the previous session. Over the past year, Walmart's stock has ranged from a high of $85.79 to a low of $49.85. With a market capitalization of approximately $677.87 billion, Walmart remains a dominant player in the retail sector.