Walmart Inc. (NASDAQ:WMT) ranks among the best stocks for a couch potato portfolio.
On May 7, TD Cowen increased its price target for Walmart Inc. (NASDAQ:WMT) to $150 from $145, while keeping a Buy rating on the company’s shares
The firm anticipates Walmart’s strength to persist into the first quarter, aided by strong grocery traffic and softer general retail comparisons. TD Cowen expects the company to outperform the Street’s 3.9% comparable sales estimate and reiterate its full-year outlook. The firm predicts that investors will continue to prioritize operational income durability above headline acceleration.
However, it added that valuation remains a common investment concern. Meanwhile, after visiting Walmart’s fashion pop-up store, D.A. Davidson reaffirmed a Buy rating and a $150 price objective for the company’s shares.