Walmart (WMT) is teaming up with Angi (ANGI) to make it easier for customers to access home improvement products and solutions. Angi’s solutions will soon be available in the retailer’s 4,000 stores across all 50 states nationwide. WMT shares rose 1.67% to close at $139.81 on January 31.
Walmart is a U.S. company that operates retail and wholesale businesses. It specializes in an assortment of products and services across its stores and online platforms. Walmart’s earnings report for Q4 2021 is scheduled for February 17, 2022.
Walmart-Angi Pact
Angi’s home improvement solutions include over 150 common home projects, including flooring, painting, plumbing, and electrical. Walmart stores will also carry solutions and products for TV mounting and installation and furniture assembly services. Walmart will become the exclusive retailer for the services on offer. The collaboration with the nation’s largest retailer is expected to offer the best-in-class experience for customers.
Stock Rating
Last week, RBC Capital analyst Steven Shemesh reiterated a Buy rating on Walmart stock with a $160 price target, implying 14.44% upside potential to current levels.
Consensus among analysts is a Strong Buy based on 15 Buys and 5 Holds. The average Walmart price target of $170.63 implies 22.04% upside potential to current levels.
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