Walmart Price Target Cut by Royal Bank of Canada Analysts

Royal Bank of Canada analysts have cut their price target for Walmart (NASDAQ:WMT) from $137.00 to $131.00, suggesting a potential upside of 26.16% from the current price.

This move comes after Walmart's recent post-earnings drop, with some analysts viewing it as a buying opportunity due to the company's scale, international operations, digital growth, advertising business, and margin gains.

Walmart has reported adjusted earnings of $0.81 per share and revenue of $187.94 billion for the quarter, exceeding consensus estimates.