Walmart has been given a 'Buy' rating by UBS, with a target price of $100, after discussions with the company's management.
Analyst Michael Lasser emphasized that Walmart's business model is becoming less risky and more profitable. This positive outlook comes as Walmart continues to adapt to changing market conditions and position itself for sustained growth.
The report, published on December 5, 2024, reflects UBS's confidence in Walmart's strategic direction and operational resilience.