Market Overview

Wal-Mart Up 2% For The Week, Could Rise Another 4.3%, Vetr Crowd Says

Related WMT
The 9 Hottest Toys For The 2017 Holidays, Courtesy Of Walmart
Toys 'R' Us Bankruptcy: Christmas Comes Early For Walmart, Amazon
Walmart's Moat in the US Grocery Market (GuruFocus)

Shares of Wal-Mart Stores, Inc. (NYSE: WMT) have gained more than 2 percent over the week. The Vetr crowd seems to believe the rally will continue, as suggested by its average price target of $75.49, which implies a potential return of almost 4.3 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on Wal-Mart’s stock on Friday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.

Finally, it should be noted that, in accordance with the new rating, 52 percent of the crowd's ratings are bullish at the time.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above

Latest Ratings for WMT

Aug 2017JefferiesMaintainsBuy
Aug 2017CitigroupMaintainsNeutral
Aug 2017Stephens & Co.UpgradesEqual-WeightOverweight

View More Analyst Ratings for WMT
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General


Related Articles (WMT)

View Comments and Join the Discussion!