Walmart Inc. (WMT)
NYSE: WMT · IEX Real-Time Price · USD
60.72
+0.21 (0.35%)
At close: Mar 27, 2024, 4:00 PM
60.71
-0.01 (-0.02%)
After-hours: Mar 27, 2024, 7:59 PM EDT
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Walmart stock have an average target of 62.84, with a low estimate of 54.33 and a high estimate of 76. The average target predicts an increase of 3.49% from the current stock price of 60.72.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $54.33 | $62.84 | $62 | $76 |
| Change | -10.52% | +3.49% | +2.11% | +25.16% |
Analyst Ratings
The average analyst rating for Walmart stock from 29 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 12 | 11 | 11 | 11 | 10 | 10 |
| Buy | 16 | 16 | 16 | 16 | 15 | 15 |
| Hold | 5 | 5 | 5 | 5 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 33 | 32 | 32 | 32 | 30 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Telsey Advisory Group | Telsey Advisory Group | Buy Maintains $68 | Buy | Maintains | $68 | +11.99% | Mar 27, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $66 → $68 | Buy | Maintains | $66 → $68 | +11.99% | Mar 26, 2024 |
| Tigress Financial | Tigress Financial | Strong Buy Maintains $65 → $75 | Strong Buy | Maintains | $65 → $75 | +23.52% | Mar 13, 2024 |
| Stifel | Stifel | Hold Maintains $185 → $65 | Hold | Maintains | $185 → $65 | +7.05% | Mar 13, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $67 → $67 | Buy | Maintains | $67 → $67 | +10.34% | Feb 27, 2024 |
Financial Forecast
Revenue This Year
680.35B
from 648.13B
Increased by 4.97%
from 648.13B
Revenue Next Year
707.44B
from 680.35B
Increased by 3.98%
from 680.35B
EPS This Year
2.38
from 1.91
Increased by 24.44%
from 1.91
EPS Next Year
2.61
from 2.38
Increased by 9.85%
from 2.38
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 523.96B | 559.15B | 572.75B | 611.29B | 648.13B | 680.35B | 707.44B | 734.28B | 743.19B | 773.15B |
| Revenue Growth | 1.86% | 6.72% | 2.43% | 6.73% | 6.03% | 4.97% | 3.98% | 3.79% | 1.21% | 4.03% |
| EPS | 1.73 | 1.58 | 1.62 | 1.42 | 1.91 | 2.38 | 2.61 | 2.86 | 8.87 | 8.86 |
| EPS Growth | 129.75% | -8.50% | 2.34% | -12.35% | 34.51% | 24.44% | 9.85% | 9.66% | 209.82% | -0.14% |
| No. Analysts | - | - | - | - | - | 40 | 37 | 15 | 5 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 715.5B | 745.6B | 782.6B | 791.8B | 825.0B |
| Avg | 680.4B | 707.4B | 734.3B | 743.2B | 773.2B |
| Low | 652.0B | 675.5B | 686.4B | 708.4B | 730.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.4% | 9.6% | 10.6% | 7.8% | 11.0% |
| Avg | 5.0% | 4.0% | 3.8% | 1.2% | 4.0% |
| Low | 0.6% | -0.7% | -3.0% | -3.5% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.59 | 2.85 | 3.17 | 9.79 | 9.45 |
| Avg | 2.38 | 2.61 | 2.86 | 8.87 | 8.86 |
| Low | 2.25 | 2.37 | 2.45 | 7.91 | 8.37 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.6% | 20.1% | 21.5% | 241.8% | 6.5% |
| Avg | 24.4% | 9.8% | 9.7% | 209.8% | -0.1% |
| Low | 18.0% | -0.1% | -6.2% | 176.2% | -5.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
