Great company but overbought

Walmart Inc.NYSE

Description

⋅ Apr 7, 2020 2:29 PM

Walmart is a great stock to buy and hold forever. Unfortunately, they are still way overvalued even after the COVID pullback. PE of 23 seems to support my opinion considering that I don't see any astronomical catalysts ahead.

Buy targets are $110, $84 and $64.

Beyond Technical Analysis

Comments

tab4477

⋅ Apr 8, 2020 9:24 PM

Definitely think the $110 is a great buy target. It would take something catastrophic to get to 84, much less 64.