Walmart Analysts Boost Their Forecasts After Upbeat Q3 Earnings

Core Insights - Walmart Inc. reported third-quarter adjusted earnings per share of 62 cents, exceeding the analyst expectation of 60 cents, with quarterly sales reaching $179.50 billion, a 5.8% increase year over year, surpassing the consensus estimate of $177.429 billion [1] - The company raised its 2026 adjusted EPS outlook to a range of $2.58–$2.63, up from $2.52–$2.62, and increased its fiscal 2026 constant-currency revenue growth outlook to 4.8%–5.1% from 3.75%–4.75% [2] - Walmart plans to move its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market on December 9, 2025, while retaining the ticker "WMT" [2] Analyst Ratings and Price Targets - BTIG analyst Robert Drbul maintained a Buy rating and raised the price target from $120 to $125 [5] - BMO Capital analyst Kelly Bania maintained an Outperform rating and increased the price target from $110 to $125 [5] - Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and raised the price target from $118 to $130 [5] - Keybanc analyst Bradley B. Thomas maintained an Overweight rating and increased the price target from $110 to $120 [5] - Morgan Stanley analyst Simeon Gutman maintained an Overweight rating and raised the price target from $115 to $125 [5] - Baird analyst Peter Benedict maintained an Outperform rating and increased the price target from $110 to $121 [5] - Guggenheim analyst John Heinbockel maintained a Buy rating and raised the price target from $115 to $120 [5] - Evercore ISI Group analyst Greg Melich maintained an Outperform rating and boosted the price target from $111 to $115 [5] - Wells Fargo analyst Edward Kelly maintained an Overweight rating and raised the price target from $110 to $120 [5] - Piper Sandler analyst Peter Keith reiterated an Overweight rating and increased the price target from $111 to $123 [5] - Bernstein analyst Zhihan Ma maintained an Outperform rating and raised the price target from $118 to $122 [5] - DA Davidson analyst Michael Baker maintained a Buy rating and increased the price target from $117 to $130 [5]