Is Walmart Stock A Buy Now After Earnings Beat Amid Scorching 78% Run?

Autor:	LARKIN, MICHAEL (AUTHOR)
Předmět:	STANDARD & Poor's 500 Index, STOCKS (Finance), INVESTORS, EARNINGS per share, STREAMING video & television, SAM'S West Inc.
Zdroj:	Investors Business Daily. 12/3/2024, pN.PAG-N.PAG. 1p.
Abstrakt:	The article discusses Walmart's strong financial performance, with revenue reaching $611.29 billion in fiscal 2023 and a 6.7% sales growth rate. Despite facing competition from online giants like Amazon, Walmart's stock has surged by 78% in 2024, outperforming the S&P 500. Analysts have positive outlooks on Walmart stock, with price targets and buy ratings, but caution that it may not be a good buy at its current extended levels. Investors are advised to monitor the stock for potential entry points in the future. [Extracted from the article]
Databáze:	Regional Business News
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