J.P. Morgan analyst Christopher Horvers maintained a Hold rating on Walmart (WMT) today and set a price target of $130.00. The company’s shares closed last Monday at $120.86, close to its 52-week high of $120.92.
According to TipRanks.com, Horvers is a 5-star analyst with an average return of 10.3% and a 66.1% success rate. Horvers covers the Services sector, focusing on stocks such as Advance Auto Parts, Michaels Companies, and Ulta Beauty.
Currently, the analyst consensus on Walmart is a Moderate Buy with an average price target of $122.80, implying a 2.3% upside from current levels. In a report issued on November 4, Oppenheimer also maintained a Hold rating on the stock with a $125.00 price target.
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Based on Walmart’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $130 billion and net profit of $3.61 billion. In comparison, last year the company earned revenue of $125 billion and had a net profit of $1.71 billion.
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