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 TipRanks.com, 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.