Walmart (WMT) stock has risen 1.7% over the past week, 9.0% over the past month, and 31.0% over the past year. Wall Street’s analysts are strongly bullish, forecasting further gains for Walmart, with a 12‑month average price target of $138.43 compared to the last closing price of $127.95.
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Analysts currently rate Walmart as a StrongBuy, suggesting confidence that the stock still has room to climb despite its strong performance. The consensus view points to solid upside potential over the next year as the company’s strategy and recent investments begin to show up more clearly in earnings.
Christopher Nardone (BofA Securities) initiated coverage on Walmart with a Buy rating and a price target of $150.00, implying meaningful upside from current levels. He argues that this is “not your grandma’s Walmart,” highlighting that the retailer is gaining share among higher‑income shoppers through faster delivery while still serving value‑focused customers.
Nardone’s report stresses Walmart’s $150 billion digital ecosystem as the main reason to own the stock, noting that this segment, now 21% of sales, has grown at a 23% two‑year CAGR and recently turned profitable. He believes that improving e‑commerce margins, driven by advertising, memberships, AI‑enabled efficiency, and a more automated supply chain, can push profit growth and support a higher valuation multiple closer to that of Costco.
This 4‑star analyst ranks 1666 out of 12078 on TipRanks, with a 59.0% success rate and a 13.8% average return per rating, adding weight to his bullish stance on Walmart. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.