12 Best Stocks to Invest in for a Month

8. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 100

Walmart Inc. (NYSE:WMT) is one of the best stocks to buy. On June 9, RBC Capital maintained an Outperform rating on Walmart and increased the target price from $102 to $103. The update came after the firm took part in Walmart’s Annual Associates & Shareholders Week held in Northwest Arkansas.

In the event, the tone of Walmart’s leadership aligned with the impressions from the Q1 earnings call in mid-May. Steven Shemesh, an RBC analyst, observed uniformity in Walmart’s messaging and insights from five primary data points during the event.

RBC revised its financial model for Walmart to indicate the present foreign exchange rates, while the rest of the model remained unchanged. In the future, RBC Capital forecasts a consistent increase in Walmart’s net sales, projecting a 4.3% boost in 2025 and 5% in 2026. These estimates marginally top the consensus figures, which project a growth of 4% and 5% for 2025 and 2026, respectively.

RBC’s expectations for adjusted EPS are also slightly higher than consensus estimates. The firm expects an adjusted EPS of $2.64 for 2025 and $3.02 for 2026, in comparison to the consensus figures of $2.60 and $2.92, respectively.

The target price of $103 is derived from roughly 34x the firm’s forecasted 2026 adjusted EPS of $3.02, up from the previous estimate of $3.01. The slight change in the target price represents RBC’s conviction in Walmart’s financial performance and growth potential over the coming years.