Futures rise after CPI-powered rally, Walmart to report - what's moving markets

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. PRIM
2. ABBV
3. IBM
4. META
5. DPZ
6. DFTX
7. CNC
8. KFY
9. SPY
10. MU

Go back to Futures rise after CPI-powered rally, Walmart to report - what's moving markets

Goldman Sachs Reiterates Buy Rating on Chevron (CVX)

May 17, 2024 1:56 PM EDT

Goldman Sachs analyst Neil Mehta reiterated a Buy rating and $175.00 price target on Chevron (NYSE: CVX).

The analyst comments "In this note, we update estimates for Chevron Corporation (CVX). Inside, we discuss key themes, including around (a) TCO execution and outlook for the... More

Walmart (WMT) PT Raised to $71 at Argus

May 17, 2024 7:22 AM EDT

Argus analyst Christopher Graja raised the price target on Walmart (NYSE: WMT) to $71.00 (from $67.00) while maintaining a Buy rating.

The analyst comments "On May 16, Walmart reported fiscal 1Q25 sales and earnings that topped consensus and our expectations. Return on investment increased from a year earlier.... More

Walmart (WMT) PT Raised to $70 at RBC Capital

May 17, 2024 6:10 AM EDT

RBC Capital analyst Steven Shemesh raised the price target on Walmart (NYSE: WMT) to $70.00 (from $62.00) while maintaining a Outperform rating.

The analyst comments "There were few holes to poke this quarter. Top-line remains healthy, inventory levels are being managed effectively, and solid... More

Walmart (WMT) PT Raised to $73 at Goldman Sachs

May 17, 2024 5:12 AM EDT

Goldman Sachs analyst Kate McShane raised the price target on Walmart (NYSE: WMT) to $73.00 (from $64.33) while maintaining a Buy rating.

The analyst comments "WMT closed up +7.0% (vs. the S&P 500 at -0.2%) after strong 1Q results and a FY24 guidance raise. We... More

Walmart (WMT) PT Raised to $70 at Telsey

May 17, 2024 5:10 AM EDT

Telsey analyst Joseph Feldman raised the price target on Walmart (NYSE: WMT) to $70.00 (from $68.00) while maintaining a Outperform rating.

The analyst comments "Walmart reported strong 1Q24 results, reflecting continued share gains driven by its omnichannel model and excellent execution. The company reported 1Q24 EPS of $0.60, beating our projection of $0.52 and the... More

Walmart (WMT) PT Raised to $70 at Evercore ISI

May 17, 2024 5:02 AM EDT

Evercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $70.00 (from $67.00) while maintaining a Outperform rating.

The analyst comments "WMT is winning with value & convenience. The unlock of digital (16% of sales) is allowing more households to benefit from the power combo. Shareholders can gain as... More

Walmart (WMT) PT Raised to $70 at Wells Fargo

May 17, 2024 4:55 AM EDT

Wells Fargo analyst Ed Kelly raised the price target on Walmart (NYSE: WMT) to $70.00 (from $67.00) while maintaining a Overweight rating.

The analyst comments "We remain positive on WMT given its combination of strong market position, accelerating alt. value contribution, moat-building investments, and conservative... More

Walmart (WMT) PT Raised to $75 at BofA Securities

May 17, 2024 4:49 AM EDT

BofA Securities analyst Robert Ohmes raised the price target on Walmart (NYSE: WMT) to $75.00 (from $67.00) while maintaining a Buy rating.

The analyst comments "We reiterate Buy on WMT & raise PO to $75 (was $67) based on 28-29x our +10c F26E adj.... More

Walmart (WMT) PT Raised to $71 at Roth/MKM, 'Ecosystem Years Ahead of Competitors'

May 17, 2024 4:32 AM EDT

Roth/MKM analyst Bill Kirk raised the price target on Walmart (NYSE: WMT) to $71.00 (from $69.00) while maintaining a Buy rating.

The analyst comments "The combination of: 1) improved Walmart stores; 2) leading digital presence (marketplace, delivery, logistics, subscription, etc.); and 3) a rapidly growing ad business is... More

Walmart (WMT) PT Raised to $72 at CFRA

May 16, 2024 3:16 PM EDT

CFRA analyst Arun Sundaram raised the price target on Walmart (NYSE: WMT) to $72.00 (from $68.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $72 from $68, 27.2x our FY 26 (Jan.) EPS of $2.65 (up from $2.61; FY 25's up to $2.46 from $2.42) vs.... More

Edward Jones Reiterates Hold Rating on Walmart (WMT)

May 16, 2024 2:12 PM EDT

Edward Jones analyst Brian Yarbrough reiterated a Hold rating on Walmart (NYSE: WMT).

The analyst comments "We rate shares of Walmart a Hold. We are concerned about the investments into the business limiting operating profit growth and lower profits from the e-commerce... More

RBC Capital Reiterates Outperform Rating on Walmart (WMT)

May 16, 2024 1:59 PM EDT

RBC Capital analyst Steven Shemesh reiterated an Outperform rating and $62.00 price target on Walmart (NYSE: WMT).

The analyst comments "The bar was high, but WMT delivered. Walmart US comp sales grew +3.8% (RBCe +4.0% / cons. +3.7% / we believe the buyside was hovering around +3.5%) and grew cc operating profit +12.9%... More

Walmart (WMT) PT Raised to $75 at Jefferies

May 16, 2024 1:30 PM EDT

Jefferies analyst Corey Tarlowe raised the price target on Walmart (NYSE: WMT) to $75.00 (from $70.00) while maintaining a Buy rating.

The analyst comments "WMT reported a strong top- and bottom-line beat and raised its F'25 guidance. SSS growth remains healthy, driven by transactions... More

Palo Alto Networks and IBM expanded partnership a 'win for platformization'

May 16, 2024 7:34 AM EDT

Palo Alto Networks (NASDAQ: PANW) and IBM (NYSE: IBM) announced a wide-ranging partnership to deliver AI-powered security outcomes for customers on Wednesday evening.

IBM announced that it was selling its QRadar SaaS assets to PANW for an undisclosed amount, while,... More