Walmart’s (WMT) market capitalization has surpassed $1T, joining a small group of mega-cap U.S. companies typically dominated by technology firms, The Financial Times’ Gregory Meyer reports. The milestone follows a two-year rally in which Walmart shares have more than doubled, significantly outperforming the S&P 500.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart Joins $1T Club as Valuation Soars on E-Commerce and AI Power
- Walmart price target raised to $130 from $125 at Evercore ISI
- Walmart price target raised to $130 from $123 at Piper Sandler
- Super Bowl Stock: Walmart Slashes Electronics Prices from TVs to Air Fryers Ahead of Big Game
- Walmart: Strengthening Walmart+ Flywheel and eCommerce Scale Underpin Buy Rating