10 Best Stocks Under $100 To Invest In

2) Walmart Inc. (NYSE:WMT)

Stock Price as of November 6: $83.44

Number of Hedge Fund Holders: 95

Walmart Inc. (NYSE:WMT) is engaged in the operation of retail, wholesale, other units, and eCommerce worldwide.

Walmart Inc. (NYSE:WMT)’s competitive edge revolves around cost advantage and scale-based efficiencies and capabilities. Its strategic initiatives and growth drivers include private label development, technology and automation, and international growth, among others. Walmart Inc. (NYSE:WMT) continues to expand its private label offerings, such as the introduction of “bettergoods” at Walmart U.S. and strengthening the “Member’s Mark” brand at Sam’s Club. These initiatives should fuel brand loyalty and sales.

The analysts are optimistic about the company’s subscription-based Walmart+ program. Considering that Walmart+ members get free shipping and delivery, its e-commerce revenue should see strong growth, courtesy of the convenience-seeking crowd. Also, the resilient macroeconomic conditions together with easing inflationary cost pressures and steps to improve operating efficiency should result in earnings growth.

Walmart Inc. (NYSE:WMT)’s focus is on high-margin businesses like Walmart Marketplace, Walmart Connect (advertising), and financial services to fuel profitability. Moving forward, its margin expansion should be aided by its focus on developing alternative profit streams, such as digital advertising and financial services. Walmart Inc. (NYSE:WMT)’s capability to attract bargain-seeking upper-income households into its stores is being well-regarded by analysts and experts. This should result in retail industry share gains.

Analysts at Citigroup upped their price target on the shares of Walmart Inc. (NYSE:WMT) from $75.00 to $98.00, giving a “Buy” rating on 27^th September.