The Seattle-based giant has a market capitalization of over $430 billion, according to FactSet data. In comparison, Wal-Mart's market cap sits below $220 billion as of Wednesday morning.
Like Wal-Mart, Amazon pitches itself to investors as a
So the comparison is, to a degree, apples to oranges — with one company aiming to take people to space and another that's staying focused on keeping its prices low, and not venturing outside the retail sector.
"[Wal-Mart] continues to work to blend physical and digital assets in its operations, including a focus on
"Walmart.com's offering has grown increasingly competitive and the company continues to work on getting its e-commerce inventory levels in the right place to meet its 2-day free shipping promise," the note added.
Some analysts, however, believe Wal-Mart has missed out on opportunities to be as
Online grocery shopping could grow five-fold over the next decade, with U.S. consumers spending upwards of $100 billion on food-at-home items by 2025,
On Tuesday, BMO Capital Markets issued a new note on Wal-Mart to investors, maintaining its underperform rating on the stock and citing price cuts in grocery and households essentials as pressuring the retailer's top line. Recent pricing data suggest Wal-Mart could have trouble hitting its upcoming quarterly comparable sales growth targets, analyst Wayne Hood said.
As of Tuesday's close, Wal-Mart has climbed nearly 5 percent over the past 12 months, while Amazon has risen close to 55 percent.
Amazon hit an all-time intraday high of $908.54 on Tuesday. Wal-Mart had its last intraday high in January 2015, when the stock peaked at $90.97 per share.