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Investing.com - KeyBanc has reiterated its Overweight rating on Walmart (NYSE:WMT) with a price target of $110.00, representing about 7% upside from the current price of $102.42. The stock has delivered an impressive 22.81% return over the past year.
The firm expressed confidence in Walmart’s position despite current market conditions, noting the retailer is well-situated to benefit from consumer trade-down behavior. With a massive $816.58 billion market cap and strong analyst consensus, Walmart continues to demonstrate resilience.
KeyBanc identified Walmart as "one of the most compelling investments in retail," highlighting the company’s strong growth initiatives and continued market share gains. InvestingPro data shows Walmart has maintained dividend payments for 53 consecutive years, though it currently trades at a high P/E ratio of 38.71.
The firm emphasized Walmart’s resilience in the face of what it described as a "volatile consumer backdrop and tariff noise."
KeyBanc maintains Walmart as a "Top Pick," projecting the retailer is positioned for share gains through 2026.
In other recent news, Walmart is expected to surpass third-quarter earnings expectations, according to TD Cowen, which raised its price target for the company to $120 while maintaining a Buy rating. UBS also increased its price target for Walmart to $122, citing confidence in the company’s data strategy, particularly its Walmart Data Ventures unit. In a move to enhance the holiday shopping experience, Walmart has introduced five new AI-powered tools available on its app and website, including features for in-store savings and improved search capabilities. Additionally, Walmart has halted job offers requiring H-1B visas, influenced by the recent $100,000 visa fee increase under the Trump administration. Despite economic challenges, Walmart’s U.S. head, John Furner, noted that shoppers remain resilient and continue to spend at a healthy rate. These developments highlight Walmart’s strategic initiatives and adaptability in a changing market environment.
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