Walmart (WMT) stock jumps on earnings beat, strong eCommerce growth

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DA Davidson Reiterates Buy Rating on Walmart (WMT)

August 19, 2024 5:29 AM EDT

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $85.00 price target on Walmart (NYSE: WMT).

The analyst comments "We hosted a call with Walmarts CFO John David Rainey and SVP, Investor Relations Steph Wissink on Friday afternoon,... More

Walmart (WMT) PT Raised to $80 at RBC Capital

August 16, 2024 6:27 AM EDT

RBC Capital analyst Steven Shemesh raised the price target on Walmart (NYSE: WMT) to $80.00 (from $74.00) while maintaining a Outperform rating.

The analyst comments "WMT posted impressive top-line growth, which appears to be a function of market share gains, not U.S. consumer... More

Walmart (WMT) PT Raised to $82 at Morgan Stanley

August 16, 2024 6:14 AM EDT

Morgan Stanley analyst Simeon Gutman raised the price target on Walmart (NYSE: WMT) to $82.00 (from $75.00) while maintaining a Overweight rating.

The analyst comments "Deriving our SOTP-backed PT of $82. We are raising our PT to $82 (from $75) for ~10% upside. Our SOTP methodology is built from these... More

Walmart (WMT) PT Raised to $83 at Deutsche Bank

August 16, 2024 5:36 AM EDT

Deutsche Bank analyst Paul Trussell raised the price target on Walmart (NYSE: WMT) to $83.00 (from $77.00) while maintaining a Buy rating.

The analyst comments "We think WMT's 2Q results checked all the boxes with a beat raise quarter and reinforced that the bullish investment case on its shares is as good as ever. Coming into the... More

Deutsche Bank Reiterates Buy Rating on Walmart (WMT)

August 16, 2024 5:33 AM EDT

Deutsche Bank analyst Paul Trussell reiterated a Buy rating and $77.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT International delivered another impressive quarter, led by Walmex, China, and Flipkart. SSS, by our calculation, increased +6.2% vs. +8.2% in 1Q, driven by momentum in food and consumables, as well as improved general merchandise performance,... More

Walmart (WMT) PT Raised to $81 at Roth/MKM

August 16, 2024 5:21 AM EDT

Roth/MKM analyst Bill Kirk raised the price target on Walmart (NYSE: WMT) to $81.00 (from $71.00) while maintaining a Buy rating.

The analyst comments "Traditionally, Walmart competed primarily on value, but increased e-commerce adoption and investment now allows Walmart to compete on the equally important, and... More

Walmart (WMT) PT Raised to $85 at BofA Securities

August 15, 2024 2:48 PM EDT

BofA Securities analyst Robert Ohmes raised the price target on Walmart (NYSE: WMT) to $85.00 (from $75.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy on WMT and raise PO to $85 (was $75) based on 32x our +5c F26E... More

Citi Reiterates Buy Rating on Walmart (WMT)

August 15, 2024 8:18 AM EDT

Citi analyst Paul Lejuez reiterated a Buy rating and $75.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT posted another beat, with sales, GM and EPS above consensus and guidance. US comps +4.2% (vs cons of +3.7%, though the bar was closer to... More

DA Davidson on Walmart (WMT) Post Earnings: Remains a Best-of-Breed Bison Name, 'one of our top picks of the year'

August 15, 2024 8:15 AM EDT

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $75.00 price target on Walmart (NYSE: WMT).

The analyst comments "Walmart continues to take share and because of that, is providing a much different tone with respect to business trends relative to... More

Stifel Reiterates Hold Rating on Walmart (WMT)

August 15, 2024 7:45 AM EDT

Stifel analyst Mark Astrachan reiterated a Hold rating and $73.00 price target on Walmart (NYSE: WMT).

The analyst comments "Walmart reported solid F2Q25 results and raised F2025 sales, EBIT, and EPS growth expectations. U.S. comp growth of 4.2% (consensus ~3.4%) was comprised of 0.6% ticket and 3.6%... More

Walmart (WMT) Appoints Bob Moritz to its Board

August 15, 2024 7:03 AM EDT

Walmart Inc. (NYSE: WMT) announced that its Board of Directors has appointed Bob Moritz, retired Chairperson of PricewaterhouseCoopers (PwC), as a new member of the companys Board, effective today. Moritz becomes the 12th member of the Board. He will become a member of the Audit Committee and the Technology and eCommerce Committee.

We are a people-led, tech-powered, omnichannel retailer dedicated to helping people save money and live better. As we continue to build on this foundation while defining the future of retail, its important to have strategic leaders like Bob... More

Walmart (WMT) Tops Q2 EPS by 3c, Offers Guidance

August 15, 2024 7:02 AM EDT

Walmart (NYSE: WMT) reported Q2 EPS of $0.67, $0.03 better than the analyst estimate of $0.64. Revenue for the quarter came in at $169.3 billion versus the consensus estimate of $168.52 billion.

GUIDANCE:

Walmart sees Q3 2025 EPS of $0.51-$0.52, versus the consensus of... More

US economic data, Cisco, Walmart, UK growth - what's moving markets

August 15, 2024 5:26 AM EDT

Investing.com -- Wall Street looks set to start higher Thursday although the latest U.S. retail sales data could derail the ongoing optimism. Cisco is set to star after unveiling a restructuring plan, while the U.K. economy showed signs of growth in the second quarter. 


1. Economic data slate in spotlight

The U.S. economic data parade continues Thursday, as investors seek clues on the likely pace of interest cuts by the Federal Reserve.


Mild readings for U.S. inflation this week have... More

Walmart (WMT) August 69 straddle into quarter results

August 15, 2024 5:19 AM EDT

Walmart (NYSE: WMT) August 69 straddle priced for a move of 6% into expected release of quarter results today before the bell.

... More