Walmart Inc.’s shares surged following the annual shareholder meeting, during which several analysts released research reports about the retail giant. Notably, the target price of the stock was raised to $75 from $70, based on confidence in the company’s ability to ensure profitable multi-year growth and market share increase.

Shares of Walmart were approximately 5% higher than their previous price mid-trading on the New York Stock Exchange on Tuesday following the announcement of the target price increase.
The recent share price of $145 reflects the company’s strengthening market position and its commitment to innovations in digital technology and automation. Walmart continues to attract investor interest with plans to expand its Walmart+ membership program and enhance customer experience through innovations such as digital price tags and the Scan & Go system.