Walmart first-quarter adjusted earnings beat estimates
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Walmart (WMT) PT Raised to $71 at Argus
May 17, 2024 7:22 AM EDTArgus 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 EDTRBC 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 EDTGoldman 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 EDTTelsey 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 EDTEvercore 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 EDTWells 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 EDTBofA 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 EDTRoth/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 EDTCFRA 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 EDTEdward 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 EDTRBC 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 EDTJefferies 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
