Analyst Sees Walmart Gaining Share and Driving Growth Through E-Commerce and International
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Analyst maintains Outperform rating on Walmart with $67 price target (adjusted for recent 3-for-1 stock split)
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Sees Walmart gaining grocery market share and growing alternative revenue streams
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Expects e-commerce investments and improved international footprint to drive sales growth
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Projects ~4% average sales growth and 4%+ operating income growth over time
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Sets 12-18 month $67 price target based on ~27x FY25 EPS estimate of $2.50