Walmart’s Earnings Rise on Holiday Sales and Surging E-Commerce

Walmart $Wal-Mart(WMT)$ closed at an all-time high today after posting beats earnings estimate, boosts dividend, agrees to buy Vizio for $2.5 billion.

• beat revenue by $3B ($173B vs $170B)

• beat EPS by 15 cents (1.80 vs 1.65)

• ad biz is up 33% YoY

• ecom biz is up 23% YoY

• 3:1 stock split on Feb. 26, 2024

• acquired Vizio for $2.3B to take OTT ad marketshare away from $ROKU (-7% on the day)

Walmart's Q4 2023 earnings report shows that their e-commerce business grew 40% in 2023, largely in part due to their expansion of grocery pickup and delivery services.

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$Wal-Mart(WMT)$ Stock Forecast & Price Target

Wal-Mart is poised for new rounds of expansions in the coming years as they have stated. And the analysts predicts it will rise another 5.27% from the latest close price on Tuesday

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