Walmart Stock Price Now: WMT Tops $160, Hits All-Time High

Walmart Stock Performance Overview

Walmart (WMT) has been on a steady upward trajectory in recent years, with its stock price consistently outperforming the broader market. In 2023, WMT stock has continued to gain momentum, hitting a new all-time high of $160.77 on February 28th.

Key Factors Driving Walmart's Stock Price

Several key factors are contributing to Walmart's strong stock performance, including:

• Strong financial results: Walmart has consistently reported strong financial results, with increasing revenue and earnings per share. In the fiscal year 2023 Q3, Walmart reported a 2.4% increase in revenue to $152.8 billion, and a 3.5% increase in earnings per share to $1.77.

• Growing e-commerce business: Walmart's e-commerce business has been growing rapidly, accounting for an increasing proportion of its overall sales. In Q3 2023, Walmart's e-commerce sales grew by 15.5% to $23.2 billion.

  

• Expansion into new markets: Walmart has been expanding its operations into new markets, both domestically and internationally. In 2023, Walmart announced plans to open new stores in China, India, and South Africa.

  

• Strong brand reputation: Walmart has a strong brand reputation among consumers, who value its low prices, wide selection, and convenient locations. This reputation has helped Walmart to gain market share and attract new customers.

Future Prospects for Walmart Stock

Analysts are generally positive on the future prospects for Walmart stock. They believe that the company's strong financial performance, growing e-commerce business, and expansion into new markets will continue to drive its stock price higher.

According to a recent survey by Seeking Alpha, the average analyst price target for WMT stock is $175, with a high target of $190. This suggests that analysts believe WMT stock has the potential to gain another 8-18% over the next 12 months.

Risks to Walmart's Stock Price

While Walmart's stock has performed well in recent years, there are some risks that could impact its future performance. These risks include:

• Economic downturn: A recession or economic downturn could lead to reduced consumer spending, which could negatively impact Walmart's sales and earnings.

• Increased competition: Walmart faces increasing competition from both traditional brick-and-mortar retailers and online retailers. This competition could squeeze Walmart's margins and make it more difficult to grow its market share.

• Regulatory changes: Changes in government regulations could impact Walmart's business, such as increased minimum wage laws or changes to labor laws.

Conclusion

Walmart is a well-positioned company with a strong track record of success. The company's strong financial performance, growing e-commerce business, and expansion into new markets are all positive factors that are likely to continue to drive its stock price higher. However, investors should be aware of the risks associated with investing in Walmart stock, such as economic downturn, increased competition, and regulatory changes.

Additional Information

• Walmart's stock symbol: WMT

  

• Walmart's market capitalization: $430 billion (as of February 28th, 2023)

• Walmart's annual revenue: $572.8 billion (fiscal year 2022)

• Walmart's net income: $22.6 billion (fiscal year 2022)

Tables

Table 1: Walmart Stock Price History

Table 2: Walmart's Financial Performance

Table 3: Walmart's e-commerce Sales Growth

Table 4: Walmart's International Expansion