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Strong Buy Stocks from Top Wall Street Analysts
Latest stocks with a Strong Buy rating from the top performing 25% of analysts tracked by WallStreetZen

Analyst / FirmCompanyPriceRatingPrice TargetUpside/DownsideDate
Bradley Thomas
KeyBanc
Top 3%
98
Walmart IncWMT
$173.70Strong Buy$190.00+9.38%
21 hours ago
Analyst Ranking
Top 3%
#106 out of 4476 analysts
Average Return
+19.31%
Win Rate
62%76 out of 123
Risk vs Reward
Poor
Good

Analyst Color

KeyBanc's Bradley Thomas raised their price target on Walmart (NYSE: WMT) by 7.3% from $177 to $190 on 2024/02/21. The analyst maintained their Strong Buy rating on the stock.

Walmart delivered a "quarterly earnings beat," Thomas highlighted after reviewing the company's Q4 and FY 2024 print released on 2024/02/20.

A 4.3% spike in transactions "partially offset" by a 0.3% drop in average tickets catalyzed Walmart's U.S. comps growth of 4.0% compared to the consensus estimate of 3.3%, the analyst told investors.

Thomas noted that Walmart still dominates the grocery and health and wellness markets.

The analyst noted that KeyBanc expressed optimism about the company's "compelling" consumer value proposition, growth plans, and supply chain automation.

Earnings Report

Walmart reported:

For Q4 2024:

  • EPS of $1.80, which beat the Zacks Consensus Estimate of $1.65 and, by 5.3%, Q4 2023’s $1.71.
  • Revenue of $173.39B, which beat the Zacks Consensus Estimate by 1.61% and, by 5.7%, Q4 2023’s $164.05B.
  • Operating income of $7.25B, up 30.4% Y/Y.

For FY 2024:

  • EPS of $6.65, up 5.7% Y/Y.
  • Revenue of $648.1B, up 6.0% Y/Y.
  • Operating income of $27B, up 32.2% Y/Y.
  • Capex of $20.61M.

Management guided:

For Q1 2025:

  • EPS of $1.48 to $1.56 (pre-split) and $0.49 to $0.52 (post-split).
  • Revenue growth of 4.0% to 5.0%.
  • Operating income growth of 3.0% to 4.5%.

For FY 2025:

  • EPS of $6.70 to $7.12 (pre-split) and $2.23 to $2.37 (post-split).
  • Revenue growth of 3.0% to 4.0%.
  • Operating income growth of 4.0% to 6.0%.
  • Capex of 3.0% to 3.5% of net sales.

President & CEO Doug McMillon commented: “Our team delivered a great quarter, finishing off a strong year. 

“We crossed $100B in eCommerce sales and drove market share gains as our customer experience metrics improved, even during our highest volume days leading up to the holidays. 

“We’re excited about building on our momentum as we work to bring prices down for our customers and members.”

Philippe Houchois
Jefferies
Top 19%
82
Tesla IncTSLA
$800.00Strong Buy$850.00+6.25%
a day ago

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