Retail giant Walmart (WMT) is scheduled to report its Q1 FY26 earnings results on Thursday, May 15. Analysts forecast earnings of $0.65 per share on revenue of $165.7 billion for the quarter. The stock has climbed more than 61% over the past year and over 7% so far in 2025, supported by steady sales, growth in higher-margin areas, and solid performance despite broader economic uncertainty. With shoppers leaning toward value-focused retailers in a cautious economy, many Top analysts see Walmart as well-positioned to benefit. Overall, Wall Street sentiment remains upbeat on WMT stock heading into earnings.
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Top Analysts Highlight Walmart’s Strengths Ahead of Q1
Heading into Walmart’s Q1 FY26 earnings results, several Top analysts reaffirmed their Buy rating on the stock. One such five-star analyst is Michael Lasser of UBS, who retained a Buy rating and a $110 price target on Walmart. Lasser pointed out that even with the ongoing debate about tariffs and their impact on the economy, Walmart is one of the few retailers that can deliver “durable and predictable earnings.”
At its Investor Day in April, Walmart confirmed its full-year guidance and shared that it’s now profitable in U.S. e-commerce. The analyst anticipates that Walmart will again confirm its full-year outlook, as it did in April. As the year progresses and the retail environment becomes more difficult, he believes Walmart’s strong position will stand out even more compared to other retailers.
Another five-star analyst, Robert Ohmes of Bank of America Securities, maintained his Buy rating on Walmart, pointing to several strengths. He sees the company as well-prepared to handle tariffs, thanks to its strong supplier ties, competitive pricing and inventory tools. The analyst also noted that Walmart’s digital ads and other “ancillary” businesses are growing fast, helping drive profits.
Ohmes added that Walmart continues to attract a wide range of shoppers, including higher-income households, because of its value and online ease. While the stock’s price-to-earnings ratio is at a 20-year high, Ohmes thinks Walmart’s strategy and market position make the valuation fair and support more upside ahead.
Bernstein Sees Stock Dip as ‘Buying Opportunity’
Meanwhile, three-star analyst Zhihan Ma of Bernstein SocGen Group maintained an Outperform rating and a $108 price target on Walmart in a report dated May 8.
He noted that the company is willing to adjust prices to win market share, even if it hurts near-term EBIT and adds pressure to Q1 guidance. Ma sees this trade-off as a smart move and believes any stock weakness could be a “buying opportunity.”
Is Walmart Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on WMT stock based on 29 Buys and two Holds assigned in the past three months, as indicated by the graphic below. The analysts’ average price target on WMT stock of $108.54 implies an upside potential of 12.22%.
