(CercleFinance.com) – The stock continues its progression on Wall Street (+1.1%) after yesterday’s gain of around 1%. The value today benefits from a positive analysis from Jefferies.
Jefferies reiterates its ‘buy’ advice and its $210 price target on Walmart, revisiting its $2.3 billion acquisition of Vizio, which would give it access to data from the company’s 18 million active accounts .
“This would allow the advertising business to identify the content being consumed, which could help improve match rates and generate higher returns on ad spend for Walmart’s advertising clients,” he points out.
The brokerage recently estimated that Walmart’s advertising business could reach more than $10 billion in sales by fiscal 2029, but it believes this deal could create additional upside potential for its estimates.
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