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With successful lauch of Walmart+ what is the target stock price? $190 by next January?#investments #personalfinance
It was 110 in 2017. It grew to 140 this year mostly because of the stock market inflation happening after the crash. So for it to grow to 190 it needs to unveil a great new plan which I think is highly unlikely. I would bet on S&P than Walmart if you looking for stock appreciation.
190 is aggressive. 160 maybe? There have been a few material changes to benefit stock this year - Shopify deal, TikTok deal, Walmart+. Some of that is one-off benefit and not repeatable. Walmart+ is an extension of Delivery Unlimited. It is the same price with additional benefits. We will see if they continue to add more. Vudu is gone, so I don’t see a streaming add-on. Besides, that is a crowded space and everyone is trying to reclaim rights to their content. Could Walmart partner with a legacy player in that space (HBO, CBS, Peacock, etc) as a value add to Walmart+ and benefit the content streamer? It’s an interesting thought.
W+ will be dud short run and if WMT can perfect in the long run, there definitely a room. Not going to be easy as COST and TGT are kick-ass recently in this space. Without goodies like free music, movies , WMT is never going to be competitive with Amazon. The only way is using local stores strength and see if they can do 6-8hr delivery day time. They absolutely can, but do they have &alls to think this big? Or hire big talent who can make it happen