Walmart’s (WMT) Health Event Is Secretly A Huge Bet On Healthcare

Walmart Inc. (NASDAQ:WMT) is one of the 12 Best Dow Stocks to Invest In Right Now. Based on a report released on June 29, Morgan Stanley analyst Simeon Gutman maintained a Buy rating on Walmart Inc. (NASDAQ:WMT) along with the price target of $140. The firm’s price target implies an additional 25% upside from here on. This upside is equal to the median Wall Street analysts’ upside estimate, based on 45 analysts covering the stock.

On July 2, Walmart Inc. (NASDAQ:WMT) announced that it will hold its annual Walmart Wellness Day on July 25. The company said the event will offer free health screenings and assessments, along with low-cost immunizations, vision screenings, and pharmacist consultations at stores across the U.S. Though the event looks irrelevant from a shareholder’s perspective, it is part of the company’s expansion plans in telehealth. It comes after the company partnered with Teledoc in May, a virtual healthcare provider, to offer health services within Walmart stores.

The event will provide customers with weight management resources, including education on GLP-1 medications, medication support, information on same-day pharmacy delivery, nutrition guidance, and access to virtual healthcare services through its Better Care Services platform. By promoting awareness, Walmart intends to monetize its foot traffic via Teledoc’s services, a new growth avenue for the company.

Walmart Inc. (NASDAQ:WMT) is an omnichannel retailer operating retail and wholesale stores, clubs, e-commerce websites, and mobile applications. It offers an elaborate array of items, from general merchandise and electronics to food, groceries, and more.

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