Walmart (WMT) Stock Forecast & Price Target

$80.44

-0.83 (-1.02%)

(As of 10/2/2024 ET)

Walmart - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 30 Analyst Ratings

Sell
0

Hold
1

Buy
29

Based on 30 Wall Street analysts who have issued ratings for Walmart in the last 12 months, the stock has a consensus rating of "Buy." Out of the 30 analysts, 1 has given a hold rating, 28 have given a buy rating, and 1 has given a strong buy rating for WMT.

Consensus Price Target

$81.62
1.47% Upside

According to the 30 analysts' twelve-month price targets for Walmart, the average price target is $81.62. The highest price target for WMT is $98.00, while the lowest price target for WMT is $58.33. The average price target represents a forecasted upside of 1.47% from the current price of $80.44.

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WMT Analyst Ratings Over Time

Type	Current Forecast 10/4/23 to 10/3/24	1 Month Ago 9/4/23 to 9/3/24	3 Months Ago 7/6/23 to 7/5/24	1 Year Ago 10/4/22 to 10/4/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	28 Buy rating(s)	26 Buy rating(s)	27 Buy rating(s)	30 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$81.62	$78.64	$70.47	$59.07
Forecasted Upside	1.47% Upside	1.92% Upside	0.62% Upside	10.12% Upside
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Moderate Buy

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WMT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WMT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Walmart Stock vs. The Competition

Type	Walmart	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	3.00	2.50	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	1.47% Upside	35.29% Upside	6.91% Upside
News Sentiment Rating	Positive News See Recent WMT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/30/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$82.00 ➝ $90.00	+12.81%
9/27/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$75.00 ➝ $98.00	+22.71%
9/24/2024	Truist Financial 2 of 5 stars	S. Ciccarelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$76.00 ➝ $89.00	+10.79%
9/23/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Nedialkova Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$95.00	+18.74%
9/23/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$81.00 ➝ $88.00	+10.73%
Get the Latest News and Ratings for WMT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Walmart and its competitors with MarketBeat's FREE daily newsletter.
9/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $90.00	+16.52%
8/22/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$78.00 ➝ $80.00	+6.33%
8/16/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $81.00	+10.82%
8/16/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $85.00	+16.29%
8/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$73.00 ➝ $81.00	+10.57%
8/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$80.00 ➝ $85.00	+16.03%
8/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $85.00	+16.03%
8/16/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$77.00 ➝ $83.00	+13.40%
8/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$81.00 ➝ $83.00	+12.96%
8/16/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$71.00 ➝ $81.00	+10.63%
8/16/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$74.00 ➝ $81.00	+10.63%
8/16/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$80.00 ➝ $80.00	+9.66%
8/16/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$74.00 ➝ $80.00	+9.32%
8/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$66.00 ➝ $78.00	+6.59%
8/16/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$75.00 ➝ $82.00	+12.05%
8/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$75.00 ➝ $82.00	+12.05%
8/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$81.00 ➝ $83.00	+13.42%
8/13/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$71.00 ➝ $73.00	+6.26%
7/23/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $86.00	+21.73%
7/17/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$75.00 ➝ $82.00	+15.61%
6/11/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $81.00	+21.68%
6/6/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$69.00 ➝ $75.00	+11.77%
5/17/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$63.00 ➝ $70.00	+7.96%
2/16/2024	Stifel Europe Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$56.33 ➝ $58.33	+2.51%
11/13/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$61.67 ➝ $63.33	+14.04%
8/18/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$53.00 ➝ $55.00	+5.99%
8/11/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$56.67 ➝ $60.00	+12.32%
6/12/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$62.00	+21.01%
4/19/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Accumulate ➝ Buy	$51.67 ➝ $55.00	+10.11%
3/28/2023	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
2/15/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$58.33 ➝ $60.00	+23.72%
2/14/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
12/1/2022	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$50.00 ➝ $55.00	+8.25%
11/16/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bill Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$52.67 ➝ $57.00	+14.68%
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11/16/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$55.00 ➝ $58.33	+18.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:18 AM ET.

Should I Buy Walmart Stock? WMT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 29, 2024. Please send any questions or comments about these Walmart pros and cons to contact@marketbeat.com.

Walmart
Bull Case

Here are some ways that investors could benefit from investing in Walmart:

Walmart's stock price has been on an upward trend, with analysts increasing the price target to $98.00, indicating a potential upside of 22.71% from the previous close.
Multiple investment analysts have given Walmart a "buy" or "outperform" rating, with an average price target of $80.96, suggesting positive sentiment towards the company's future performance.
Insider buying and selling activities can provide insights into the company's performance and potential growth, with major shareholders actively involved in transactions.
Walmart's market cap of $641.93 billion reflects its position as a large-cap company, offering stability and potential for long-term growth.
With a current ratio of 0.80 and a quick ratio of 0.22, Walmart demonstrates strong liquidity positions, indicating its ability to meet short-term obligations.

Walmart
Bear Case

Investors should be bearish about investing in Walmart for these reasons:

Walmart's price-to-earnings ratio of 34.18 and price-to-earnings-growth ratio of 4.04 may indicate that the stock is currently overvalued, potentially limiting short-term gains.
Despite positive analyst ratings, there is always a level of uncertainty in the retail sector, with changing consumer preferences and market dynamics impacting Walmart's future performance.
High insider selling activities, with major shareholders like S Robson Walton selling significant amounts of shares, could raise concerns about the company's outlook among investors.
Walmart's beta of 0.51 suggests that the stock is less volatile compared to the market, which may limit potential returns for investors seeking higher-risk investments.
Debt-to-equity ratio of 0.46 indicates that Walmart relies on a moderate level of debt financing, which could pose risks in case of economic downturns or rising interest rates.

WMT Forecast - Frequently Asked Questions

: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Walmart is $81.62, with a high forecast of $98.00 and a low forecast of $58.33.
: 30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Walmart in the last twelve months. There is currently 1 hold rating, 28 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WMT shares.
: According to analysts, Walmart's stock has a predicted upside of 1.47% based on their 12-month stock forecasts.
: Over the previous 90 days, Walmart's stock had 2 upgrades by analysts.
: Walmart has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Melius Research, Morgan Stanley, Piper Sandler, Redburn Atlantic, Robert W. Baird, Roth Mkm, Royal Bank of Canada, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, The Goldman Sachs Group, Tigress Financial, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Walmart more than other "retail/wholesale" companies. The consensus rating for Walmart is Buy while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how WMT compares to other companies.