Walmart Inc. (NYSE:WMT) is one of the 10 Best Non-Tech Stocks to Buy and Hold For 3 Years. On July 2, Ivan Feinseth, an analyst from Tigress Financial, reiterated a Buy rating on Walmart Inc. (NYSE:WMT) with a price target of $120.
Analyst Ivan Feinseth highlighted the company’s strong market position as the world’s largest retailer. This position, coupled with the company’s cost advantage and sophisticated omnichannel infrastructure, is the key factor enabling Walmart Inc. (NYSE:WMT) to grow its market share and revenue. Feinseth noted that the company’s digital transformation and disciplined execution help maintain profitability.
A manager standing in a hypermarket, pointing out items available for wholesale.
The company is also focused on expanding its e-commerce, maintaining its grocery leadership, and investing in technology to leverage AI. Feinseth also noted Walmart Inc. (NYSE:WMT)’s strategy of reinvesting cash flow into new technologies, store improvements, and strategic acquisitions to enhance competitiveness and shareholder returns.
Walmart Inc. (NYSE:WMT) is an international retailer operating physical stores, e-commerce websites, and mobile apps. The company sells a wide range of products, including groceries, clothing, and household goods.
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Disclosure: None. This article is originally published at Insider Monkey.