Walmart Stock Gets Another Boost From Analysts

Walmart's (NASDAQ: WMT) stock has received another positive rating from BTIG Research, which reissued its 'buy' rating in a report on Thursday. The target price of $140 per share represents a potential upside of 32.29% from the stock's previous close.

This is not the first time Walmart's stock has been given a boost by analysts. On August 31st, Tigress Financial reaffirmed its 'buy' rating and issued a price target of $155 per share on Walmart's stock. However, not all analysts are as optimistic about Walmart's prospects. Gordon Haskett lowered its rating from 'buy' to 'accumulate' in a report on Thursday, August 20th.

Despite the mixed views, Walmart's overall consensus rating remains at 'Moderate Buy', according to MarketBeat data. The average target price for Walmart's stock is $131.88 per share. On Thursday, August 20th, Walmart reported its earnings results, beating the consensus estimate of $0.74 per share with $0.81 per share.

Insider activity has also been a topic of interest for investors. In recent weeks, executives Daniel J. Bartlett and Christopher Nicholas have sold shares of Walmart stock as part of pre-arranged Rule 10b5-1 trading plans. Institutional investors such as Brighton Jones LLC and Revolve Wealth Partners LLC have also increased their holdings in Walmart.