Is Walmart Stock a Buy?
Retailer Walmart (NYSE: WMT), long known for its thin-margin, discount-pricing model, has celebrated a series of financially successful years as it reaps the rewards of its technology investments.
Full-year financial results for Walmart's fiscal year ended Jan. 31, 2024, and the quarter ended April 30, 2024, show strong momentum. Shoppers are flocking to its stores and utilizing its e-commerce channels in growing numbers. The stock has responded, hitting 52-week highs.
For the full 2024 fiscal year, Walmart reported results that more than justify its current stock price. Consolidated revenue grew 5.5% in constant-currency terms for the year. Generally accepted accounting principles (GAAP) net earnings per share were $5.74 and $6.65 on an adjusted basis. The company generated $15 billion in free cash flow, a $3 billion increase.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 104 Buy predictions and no Sell predictions.
On the other hand, the target price of 106 € is below the current price of 106.68 € for Walmart Inc., so the potential is actually -0.64%.
