Is Walmart Stock Going to $115? 1 Wall Street Analyst Thinks So.

In a case of a giant company getting even more massive, Walmart (NYSE: WMT) has been on quite a tear lately -- both in terms of its fundamentals and its share price. The latter has improved by more than 85% this year, trouncing the 28% growth of the S&P 500 index.Some market-watchers think there's still room for the high-profile retailer to run. One analyst tracking Walmart stock recently boosted his price target by a beefy 34%. What's behind this latest burst of optimism and, more importantly, is it justified?The Walmart bull in question is Ivan Feinseth of Tigress Financial Partners. In mid-December, he cranked his price target on the shares $29 higher to $115 apiece. As that suggests the stock could rise by 22% in value, Feinseth maintained his existing buy recommendation. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool