UBS has increased its price target for Walmart (WMT) to $100 from $92, while keeping a Buy rating on the stock.
The firm emphasizes Walmart's ongoing transformation as it enters a new phase in its business lifecycle, drawing parallels to its previous shift from traditional big box stores to supercenters.
UBS analysts express confidence in Walmart's potential for sustained growth and suggest that the retailer should be considered a core long-term investment.
The firm's positive outlook reflects Walmart's ability to adapt and evolve in a competitive retail landscape.