UBS Reaffirms Buy Rating on Walmart (WMT) Amid Strong E-Commerce Growth

Israel Englander ranks among the richest hedge fund managers in the world. Walmart Inc. (NASDAQ:WMT) is Israel Englander’s largest holding, accounting for 1.91% ($4.54 billion) of the billionaire’s total portfolio.

UBS reaffirmed its Buy rating on Walmart Inc. (NASDAQ:WMT) shares on May 14, with a price target of $147. The firm projects Walmart’s earnings to meet average forecasts, citing a high level of consistency in expected results.

UBS forecasts a 4.5% rise in comparable sales for Walmart US, led by over 25% e-commerce growth, offset by a modest decline in store sales due to softening wellness and health trends.

The firm expects the pharmacy industry to have difficulties due to the Maximum Fair Pricing regulation, and the delayed uptake of oral GLP-1 medications will probably cause that market to slow down.

In a similar vein, KeyBanc Capital Markets reaffirmed its $145 price target and Overweight rating for Walmart Inc. (NASDAQ:WMT). Despite a tumultuous economic and geopolitical climate, the firm stated that Walmart is still one of the most attractive retail holdings due to its growth plans and share gains.

Walmart Inc. (NASDAQ:WMT) operates as a technology-powered omnichannel retailer. The company operates retail and wholesale stores and clubs, as well as e-commerce websites and mobile apps.

While we acknowledge the risk and potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WMT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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