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Walmart (NASDAQ:WMT | WMT Price Prediction) trades at $111.74 as I write this, and our proprietary model sees healthy runway from here. Our 24/7 Wall St. Price Target for Walmart is $131.04 over the next 12 months, implying 17.27% upside from current levels. I rate the stock a BUY with a confidence level of 90%. The setup: durable comp momentum, a scaling advertising business and a defensive sector profile when consumer sentiment is fragile.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $112.87 |
| 24/7 Wall St. Price Target | $131.04 |
| Upside | 17.27% |
| Recommendation | BUY |
| Confidence Level | 90% |
What the Recent Pullback Is Telling Us
Shares of WMT…
