UBS has raised its price target for Walmart to $100 from $92, while keeping its "Buy" rating.
Analyst Michael Lasser noted that Walmart has maintained its momentum in Q3, indicating strong potential for future growth. This suggests that the retail giant is entering a new phase of development.
The revised target reflects confidence in Walmart"s performance and strategic direction as it adapts to market demands. The report, published on November 20, 2024, highlights the positive outlook for Walmart in a competitive retail landscape.