Walmart (WMT) Receives $108 Price Target, Emerging as a Top Stock Pick for April
Walmart (WMT) has garnered significant attention from analysts, with a newly set price target of $108, positioning it as a standout stock to monitor this April. The retail giant’s strong market performance and strategic initiatives have contributed to its favorable outlook among investors. As market conditions evolve, Walmart’s resilience and growth potential make it a compelling choice for those looking to capitalize on current trends in the retail sector.
Source: Reuters / Andrew Kelly
Also Read: Walmart (WMT) Is Up 80%, But Is It a Buy? Here’s What Wall Street Says
Walmart Gets New Target as Experts Keep Their Eyes on Stock’s Potential
There have been few companies safe from the ongoing struggles affecting the global market. Yet, the one that has emerged with the strongest ability to withstand ongoing headwinds is Walmart. During a time when all top companies have seen their share price dwindle, the retailer is seeing the opposite happen.
The company’s stock has been on a winning streak of sorts. Over the last six months, the share price for WMT is up more than 15%. Moreover, it jumped 7% over the last 30 days, adding another 2.5% on Thursday as shares reached $93. Moreover, Walmart has recently gotten a $108 target as it becomes April’s stock to watch.
Also Read: Jim Cramer Calls Walmart (WMT) Stock “Amazing”: Here’s Why
In Q4 of last year, Walmart stock saw revenue increase 4% year over year, surpassing the $100 billion mark yet again. However, that was met with operating increasing to 8%, generating more than $36 billion in operating cash flows. However, what makes the stock so attractive is its dividend growth.
According to a report from Insider Monkey, it’s on a dividend growth streak that spans 52 years. making it among the most popular stocks for billionaires. Currently, it pays out a $0.235 quarterly dividend per share. Moreover, it has a dividend yield of 1.00% as of early April.
That health has translated into a positive outlook for the company. According to CNN data, the stock has a median price target of $108, up 15% from where it currently stands. Additionally, its high-end projection sits at $120, showcasing its 28% upside. Alternatively, it has just 4% downside risk, according to consensus estimates.
