Walmart (WMT) Stock Forecast & Price Target

$90.44 +2.05 (+2.32%)

(As of 11/22/2024 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

Moderate Buy

Based on 31 Analyst Ratings

Sell
0

Hold
2

Buy
29

Based on 31 Wall Street analysts who have issued ratings for Walmart in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 31 analysts, 2 have given a hold rating, 28 have given a buy rating, and 1 has given a strong buy rating for WMT.

Consensus Price Target

$91.88
1.59% Upside

According to the 31 analysts' twelve-month price targets for Walmart, the average price target is $91.88. The highest price target for WMT is $105.00, while the lowest price target for WMT is $58.33. The average price target represents a forecasted upside of 1.59% from the current price of $90.44.

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WMT Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	28 Buy rating(s)	29 Buy rating(s)	26 Buy rating(s)	27 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	2 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	$91.88	$83.51	$78.64	$59.67
Forecasted Upside	1.59% Upside	1.21% Upside	3.41% Upside	14.70% Upside
Consensus Rating	Moderate Buy	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	2.97	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.59% Upside	25.99% Upside	7.66% 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
11/22/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$78.00 ➝ $90.00	+1.90%
11/21/2024	DZ Bank 4 of 5 stars		Downgrade	Buy ➝ Hold	$91.00	+4.38%
11/20/2024	Roth Mkm 1 of 5 stars		Boost Target	Buy ➝ Buy	$81.00 ➝ $97.00	+11.96%
11/20/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$85.00 ➝ $89.00	+2.72%
11/20/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Ciccarelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$89.00 ➝ $98.00	+12.80%
11/20/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $105.00	+20.86%
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11/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$89.00 ➝ $100.00	+15.10%
11/20/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Z. Ma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$98.00 ➝ $102.00	+17.50%
11/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$92.00 ➝ $100.00	+15.19%
11/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $96.00	+10.59%
11/20/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+15.90%
11/20/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+15.45%
11/20/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$88.00 ➝ $96.00	+11.24%
11/20/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $100.00	+15.47%
11/19/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$92.00 ➝ $100.00	+15.47%
11/18/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$66.00 ➝ $89.00	+5.90%
11/18/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$88.00 ➝ $92.00	+9.50%
11/18/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$83.00 ➝ $93.00	+11.04%
11/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $100.00	+18.11%
11/15/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+18.08%
10/14/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$81.00 ➝ $90.00	+12.36%
9/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $98.00	+22.71%
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%
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	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	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$81.00 ➝ $83.00	+13.42%
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%
6/11/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $81.00	+21.68%
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%
8/11/2023	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%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 06:35 PM 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 Thursday, November 21, 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:

Analysts have recently increased their price targets for Walmart, with estimates reaching as high as $100.00, indicating a potential upside of approximately 14.88% from the current stock price of $87.05.
The stock has received a consensus rating of "Buy" from a majority of analysts, with 28 out of 31 ratings being positive, suggesting strong investor confidence in Walmart's future performance.
Walmart's market capitalization is substantial, at around $699.73 billion, which reflects its stability and ability to weather economic fluctuations.
Recent reports highlight Walmart's strong stock performance, with shares trading at a 12-month high of $88.29, showcasing its upward trend and resilience in the retail sector.
The company has a relatively low debt-to-equity ratio of 0.46, indicating a conservative approach to leveraging, which can be appealing to risk-averse investors.

Walmart
Bear Case

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

Despite positive ratings, the stock's high price-to-earnings (P/E) ratio of 45.17 suggests that it may be overvalued compared to its earnings, which could deter value-focused investors.
The retail sector faces significant competition from e-commerce giants, which could impact Walmart's market share and growth potential in the long term.
Walmart's current ratio of 0.80 indicates that it may struggle to cover its short-term liabilities, which could raise concerns about its liquidity position.
While the stock has shown strong performance, any economic downturn or changes in consumer spending habits could adversely affect Walmart's sales and profitability.
The company's beta of 0.51 suggests lower volatility compared to the market, which may not appeal to investors seeking high-risk, high-reward opportunities.

WMT Forecast - Frequently Asked Questions

: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Walmart is $91.88, with a high forecast of $105.00 and a low forecast of $58.33.
: 31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Walmart in the last twelve months. There are currently 2 hold ratings, 28 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WMT shares.
: According to analysts, Walmart's stock has a predicted upside of 1.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Walmart's stock had 2 upgrades and 1 downgrade by analysts.
: Walmart has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, DZ Bank, Evercore ISI, Guggenheim, Jefferies Financial Group, KeyCorp, Melius Research, Morgan Stanley, Oppenheimer, Piper Sandler, Redburn Atlantic, Robert W. Baird, Roth Mkm, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, 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 score for Walmart is 2.97 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how WMT compares to other companies.

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This page (NYSE:WMT) was last updated on 11/24/2024 by MarketBeat.com Staff

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Walmart (WMT) Stock Forecast & Price Target