BMO Capital analyst Kelly Bania raised the price target on Walmart (NYSE: WMT) to $125.00 (from $110.00) while maintaining a Outperform rating.

The analyst comments "WMT's F3Q26 results continue to be marked by a high level of strength and consistency aided by its multi-year omni-channel transformation, which we believe remains in the early innings. While the key milestone of ecommerce profitability was achieved in F1Q26, we believe WMT is making a turning point with General Merchandise and Marketplace, led by strong Apparel sales, which further bolsters the margin outlook. That being said, we see valuation expansion from here more limited but believe WMT should remain a core holding and raise our target price to $125."