Analysts are Upgrading These 5 Stocks

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

Erste Group turned bullish on Walmart Inc. (NYSE:WMT) on Wednesday, October 5. The research firm raised its ratings for the retail giant from “Hold” to “Buy,” citing its stable sales growth.

Analyst Hans Engel thinks the company’s moderate growth rate will continue in the coming years. Moreover, Engel predicted a marginal increase in Walmart’s operating margin next year. He also believes Walmart Inc. (NYSE:WMT) shares would continue to outperform the broad sector.

Walmart Inc. (NYSE:WMT) has been facing low sales lately, especially in its e-commerce segment. The company recently launched Walmart Land and Walmart’s Universe of Play to revive its slowing online sales.

The company partnered with metaverse platform Roblox to roll out these two immersive virtual experiences. Walmart Inc. (NYSE:WMT) intends to entice young customers with the latest launch.