From 24/7 Wall St. · Alex Sirois · · 1m
Walmart Stock Drops 5% in 6 Months
Wall Street firm predicts 30% Walmart stock gain soon after tech shift.
In brief
Wall Street firm predicts 30% Walmart stock gain soon after tech shift. Walmart's stock dropped 5% over six months but a Wall Street firm forecasts 30% gains from its tech and media transformation. Originally reported by 24/7 Wall St..
Walmart Stock Drops 5% in 6 Months
Walmart shares fell 6.72% over six months after two earnings reactions.
Wall Street Firm Predicts 30% Gain
Tigress Financial Partners forecasts a 30.5% stock gain to $155.00 from current $118.81.
Tech Shift Boosts Walmart
Global e-commerce grew 23% last quarter, now 24% of sales, with advertising up 38%.
Earnings Reactions
August earnings caused a 9% share drop, the biggest since May 2022, after weak guidance.
Analyst Ratings
43 analysts cover Walmart, with 10 Strong Buys, 27 Buys, 5 Holds, and 1 Strong Sell.
Walmart's Tech Strategy
Tigress Financial Partners points to high-margin advertising, Walmart+ gains, and supply chain automation.
Stock Price Target
The consensus target is $127.35, a 7.2% gain from current $118.81, but Tigress sees $155.00.
The big picture
Walmart's stock dropped 5% over six months but a Wall Street firm forecasts 30% gains from its tech and media transformation.
