Goldman Sachs Reaffirms Their Buy Rating on Walmart Inc. (WMT)

By Ryan Adsit

In a report released today, Kate McShane from Goldman Sachs maintained a Buy rating on Walmart Inc. (WMTResearch Report), with a price target of $123. The company’s shares closed last Monday at $112.69, close to its 52-week high of $115.49.

According to, McShane is a 5-star analyst with an average return of 9.8% and a 63.6% success rate. McShane covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Dick’s Sporting Goods.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart Inc. with a $115 average price target, a 2.2% upside from current levels. In a report issued on August 12, Robert W. Baird also maintained a Buy rating on the stock with a $115 price target.

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The company has a one-year high of $115.49 and a one-year low of $85.78. Currently, Walmart Inc. has an average volume of 5.84M.

Based on the recent corporate insider activity of 265 insiders, corporate insider sentiment is negative on the stock.

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