Goldman adds Walmart to its conviction buy list, says profit rebound can boost stock nearly 40%

Goldman adds Walmart to its conviction buy list, says profit rebound can boost stock nearly 40%

Goldman adds Walmart to its conviction buy list, says profit rebound can boost stock nearly 40%

Shoppers walk in front of a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021.
David Paul Morris | Bloomberg | Getty Images

Walmart‘s internal investments over the past few years should pay off in a big way for its shareholders, according to Goldman Sachs.