Walmart: Only One Question, Can It Justify A 40x Multiple?

Summary:

• Walmart’s investments in digital platforms, international expansion, and brand elevation have significantly boosted its financial performance and market position.
• Exceptional financial results, driven by strong e-commerce growth and market share gains, have driven a sharp P/E expansion.
• WMT is now a top-tier omnichannel player, second only to Amazon in e-commerce and Costco in physical retail quality.
• Despite a fair valuation at a 33x multiple, further growth should drive upside, justifying a ‘Buy’ rating.

Years of investments in building the best digital platform among brick-and-mortar retailers, expanding internationally, and elevating the brand image, have started to bear fruit for Walmart (NYSE:WMT).

Shares of the largest company in the

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