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 t

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.

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