Street View: Walmart proves to be a winner once again in retail space
** Walmart WMT.N on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world's largest retailer continues to gain market share ahead of the holidays
** Median PT of 43 brokerages covering the stock is $96 - LSEG
ADS AND COST SAVINGS VIA AUTOMATION A BOOST
** Telsey Advisory Group ("outperform," PT: $100) expects WMT to remain a leader in retail space, thanks to its value priced products, customer focus and financial flexibility
** "We remain encouraged about Walmart's expanded vision beyond retail and e-commerce to build a powerful ecosystem, including advertising, merchant services and last mile delivery" - Telsey
** Roth MKM ("buy," PT: $97) says "Walmart is on the precipice of a major inflection"
** Brokerage says ad opportunities and cost savings through automation puts WMT in a unique position to capture more market share
** RBC ("outperform," PT: $96) sees significant growth for WMT's alternative revenue streams - such as advertising, membership, marketplace - which along with general merchandise growth should help improve margins
** Jefferies ("buy," PT: $105) says "we remain incrementally encouraged by WMT's ability to offer customers improved value, witness robust growth, and gain (market) share ahead"
Reporting by Joel Jose
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