WMT - Walmart Analyst Sees Bright Horizon Anticipation Builds for PhonePe Flipkart IPOs | Benzinga
Oppenheimer analyst Rupesh Parikh maintained Walmart Inc (NYSE:WMT) with an Outperform and raised the price target from $175 to $185.
He updated his views with Walmart shares approaching Parikh’s prior $175 price target.
As he looks forward, he noted the bull case is still in the early to middle innings and stated the potential for continued outperformance over a 12-18 month horizon.
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Parikh also expressed optimism over the initial public offering of PhonePe and Flipkart down the road, potentially unlocking more shareholder value.
In the near term, the analyst noted the potential for a below-consensus fiscal ...