Walmart’s (WMT) Quarter Was Beautiful, Says Jim Cramer

Core Insights - Walmart Inc. (NASDAQ:WMT) has seen its shares increase by 29% over the past year and 9% year-to-date, reflecting strong market performance [1] - The company reported fiscal second-quarter earnings of $190.66 billion in revenue and $0.74 in earnings per share, surpassing analyst expectations of $190.43 billion and $0.73 respectively [1] - Analysts have raised Walmart's share price target, with Rothschild Redburn increasing it to $150 from $110, maintaining a Buy rating, citing digital initiatives and AI as growth drivers [1] - Jim Cramer praised Walmart's recent quarter, highlighting significant increases in advertising and membership fees, which contributed to a premium price-to-earnings multiple [2] Financial Performance - Walmart's fiscal second-quarter revenue was $190.66 billion, exceeding expectations [1] - Earnings per share for the quarter were $0.74, also above analyst estimates [1] Analyst Ratings - Rothschild Redburn raised Walmart's price target to $150, maintaining a Buy rating [1] - Telsey reiterated a Buy rating with a price target of $135 [1] Market Position - Walmart is effectively competing with Amazon in the eCommerce sector, leveraging its ability to keep prices lower for consumers [1] - Cramer expressed concerns about potential earnings misses, indicating the high stakes involved in Walmart's performance [1]