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Walmart Stock Soars on New Delivery Deals Amid Rival Challenges

Guavy AI Editorial Team
Instruments
WMT
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Walmart (WMT) stock has started trading up by nearly 1% in pre-market trading, thanks to new delivery deals with popular companies like Papa John's (PZZA) and Dunkin'. Industry experts believe these moves will challenge rivals such as Uber (UBER) and DoorDash (DASH).

The Strong Buy consensus on WMT stock from Wall Street analysts is supported by an average price target of $128.27, implying a 21.32% upside from the current price.

According to TipRanks' technical analysis tool, Walmart's stock currently has a Strong Buy signal in the one-week timeframe. However, moving averages point to a Strong Sell signal, with more bearish than bullish ratings.

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