10 Best Retail Stocks To Buy Now

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1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 88

Walmart Inc. (NYSE:WMT) is a consumer staples company based in Bentonville, Arizona. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores.

The average analyst price target on Walmart Inc. (NYSE:WMT) is $73.4 as of June 28. Additionally, Evercore ISI Group maintains an Outperform rating on the stock as of June 20.

In the first quarter, Walmart Inc. (NYSE:WMT) saw adjusted revenue growth of 5.8%. The company is making use of technology in retail through its online subscription service, Walmart+, which offers free delivery and efficient checkouts to its customers.

In the first quarter, 88 hedge funds were long Walmart Inc. (NYSE:WMT). Their total stake value in the company was $7.7 billion.

While we acknowledge the potential for Walmart Inc. (NYSE:WMT) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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