Walmart’s Stock: UBS Predicts $190 Amid Challenges

Investment bank UBS maintains a buy rating on Walmart stock and sets a price target of $190.00. UBS is optimistic about Walmart's ability to gain market share and stay resilient despite economic challenges. They highlight Walmart's expansion of its marketplace, increased revenue from advertising, and advancements in automation as key drivers for success. UBS expects earnings to fall within the range of $6.80 to $7.00 per share by 2024. Walmart is considered a stable entity in the retail sector with strong financial health. Analysts predict a rebound in discretionary spending and view Walmart as an appealing investment opportunity.