These Analysts Increase Their Forecasts On Walmart After Upbeat Earnings

Core Insights - Walmart Inc. reported first-quarter FY26 sales growth of 2.5% year-on-year to $165.60 billion, slightly missing analyst consensus of $165.88 billion, while adjusted EPS was 61 cents, exceeding the consensus estimate of 58 cents [1][3] - CEO Doug McMillon highlighted the company's solid performance in a dynamic environment, emphasizing customer service and long-term value creation [2] - For fiscal year 2026, Walmart reaffirmed an adjusted EPS outlook of $2.50 – $2.60 and sales guidance of $694.70 billion – $701.50 billion, below the street view of $705.30 billion [3] Analyst Ratings and Price Targets - Baird analyst Peter Benedict maintained an Outperform rating and raised the price target from $100 to $110 [8] - Truist Securities analyst Scot Ciccarelli maintained a Buy rating and increased the price target from $107 to $111 [8] - RBC Capital analyst Steven Shemesh reiterated an Outperform rating with a $102 price target, while Telsey Advisory Group's Joseph Feldman maintained an Outperform rating with a $115 price target [8] - DA Davidson analyst Michael Baker maintained a Buy rating with a $117 price target [8]