Walmart (WMT) Stock Forecast, Price Target & Predictions


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WMT Stock Forecast


Walmart stock forecast is as follows: an average price target of $118.61 (represents a 83.46% upside from WMT’s last price of $64.65) and a rating consensus of 'Buy', based on 28 wall street analysts offering a 1-year stock forecast.

WMT Price Target


The average price target for Walmart (WMT) is $118.61 based on 1-year price targets from 28 Wall Street analysts in the past 3 months, with a price target range of $196.00 to $64.00. This represents a potential 83.46% upside from WMT's last price of $64.65.

WMT Analyst Ratings


Buy

According to 28 Wall Street analysts, Walmart's rating consensus is 'Buy'. The analyst rating breakdown for WMT stock is 0 'Strong Buy' (0.00%), 27 'Buy' (96.43%), 1 'Hold' (3.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Walmart Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 17, 2024Steven ShemeshRBC Capital$70.00$63.979.43%8.28%
May 17, 2024Bobby GriffinRaymond James$70.00$63.979.43%8.28%
May 17, 2024Michael BakerD.A. Davidson$75.00$64.0117.17%16.01%
May 17, 2024Kelly BaniaBMO Capital$75.00$64.0117.17%16.01%
May 17, 2024Christopher GrajaArgus Research$71.00$64.0110.92%9.82%
May 17, 2024Scot CiccarelliTruist Financial$64.00$64.01-0.02%-1.01%
May 17, 2024Mark AstrachanStifel Nicolaus$69.00$64.017.80%6.73%
May 17, 2024William KirkRoth Capital$71.00$64.0110.92%9.82%
May 17, 2024Kate McShaneGoldman Sachs$73.00$64.0114.04%12.92%
May 17, 2024Joseph FeldmanTelsey Advisory$70.00$64.019.36%8.28%
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The latest Walmart stock forecast, released on May 17, 2024 by Steven Shemesh from RBC Capital, set a price target of $70.00, which represents a 9.43% increase from the stock price at the time of the forecast ($63.97), and a 8.28% increase from WMT last price ($64.65).

Walmart Price Target by Period


1M3M12M
# Anlaysts182130
Avg Price Target$70.61$81.76$109.20
Last Closing Price$64.65$64.65$64.65
Upside/Downside9.22%26.47%68.91%

In the current month, the average price target of Walmart stock is $70.61, according to 18 Wall Street analysts offering twelve months forecast. The average price target represents a 9.22% increase as opposed to Walmart's last price of $64.65. This month's average price target is down -13.64% compared to last quarter, and down -35.34% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
May 17, 2024Roth CapitalBuyBuyHold
May 17, 2024Raymond JamesOutperformOutperformHold
May 17, 2024Telsey AdvisoryOutperformOutperformHold
May 17, 2024KeyBancOverweightOverweightHold
May 17, 2024Morgan StanleyOverweightOverweightHold
May 17, 2024Cowen & Co.BuyBuyHold
May 17, 2024BMO CapitalOutperformOutperformHold
May 17, 2024CitigroupBuyBuyHold
May 17, 2024Goldman SachsBuyBuyHold
May 17, 2024Evercore ISIOutperformOutperformHold
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Walmart's last stock rating was published by Roth Capital on May 17, 2024. The company gave WMT a "Buy" rating, the same as its previous rate.

Walmart Financial Forecast


Walmart Revenue Forecast

Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19Oct 18
Revenue--------$173.39B$160.80B$161.63B$152.30B$164.05B$152.81B$152.86B$141.57B$152.87B$140.53B$141.05B$138.31B$152.08B$134.71B$137.74B$134.62B$141.67B$127.99B$130.38B$123.92B$138.79B$124.89B
Avg Forecast$183.35B$173.23B$175.38B$164.62B$176.47B$166.29B$166.40B$157.12B$170.40B$159.65B$160.22B$148.94B$159.76B$147.67B$150.99B$138.80B$151.72B$135.43B$137.02B$132.16B$148.49B$132.12B$135.57B$132.69B$142.54B$128.59B$130.10B$125.28B$138.76B$121.08B
High Forecast$184.81B$174.61B$176.78B$165.93B$177.88B$167.89B$167.25B$158.73B$172.91B$161.90B$161.50B$150.12B$161.03B$148.85B$152.20B$140.10B$153.07B$136.63B$138.23B$133.33B$149.81B$133.30B$136.77B$133.87B$143.81B$129.74B$131.26B$126.39B$139.99B$145.30B
Low Forecast$181.30B$171.30B$173.42B$162.78B$174.50B$163.82B$165.54B$155.85B$168.89B$157.74B$158.44B$147.27B$157.98B$146.02B$149.31B$137.52B$150.05B$133.94B$135.51B$130.70B$146.86B$130.67B$134.07B$131.23B$140.97B$127.18B$128.67B$123.90B$137.23B$96.86B
# Analysts13881481817181926251323221221121320131010101010999920
Surprise %--------1.02%1.01%1.01%1.02%1.03%1.03%1.01%1.02%1.01%1.04%1.03%1.05%1.02%1.02%1.02%1.01%0.99%1.00%1.00%0.99%1.00%1.03%

Walmart's average Quarter revenue forecast for Apr 24 based on 18 analysts is $157.12B, with a low forecast of $155.85B, and a high forecast of $158.73B. WMT's average Quarter revenue forecast represents a -9.38% decrease compared to the company's last Quarter revenue of $173.39B (Jan 24).

Walmart EBITDA Forecast

Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19Oct 18
# Analysts13881481817181926251323221221121320131010101010999920
EBITDA--------$10.37B$4.58B$14.27B$6.20B$12.32B$1.91B$9.82B$6.04B$7.84B$7.26B$8.99B$6.99B$2.67B$10.36B$12.11B$8.70B$9.00B$7.70B$8.21B$8.48B$8.94B$5.68B
Avg Forecast$10.76B$10.16B$10.29B$9.66B$10.35B$9.75B$9.76B$9.30B$8.47B$9.34B$5.10B$8.46B$7.70B$8.50B$4.64B$8.14B$7.00B$7.72B$4.22B$2.88B$8.96B$9.11B$8.23B$9.38B$7.20B$7.87B$7.57B$8.40B$5.28B$3.27B
High Forecast$10.84B$10.24B$10.37B$9.73B$10.43B$9.85B$9.81B$11.16B$10.16B$11.21B$6.12B$10.15B$9.24B$10.19B$5.57B$8.22B$8.40B$9.27B$5.06B$3.45B$10.75B$10.93B$9.88B$11.25B$8.64B$9.44B$9.08B$10.08B$6.34B$3.93B
Low Forecast$10.64B$10.05B$10.17B$9.55B$10.24B$9.61B$9.71B$7.44B$6.77B$7.48B$4.08B$6.76B$6.16B$6.80B$3.71B$8.07B$5.60B$6.18B$3.37B$2.30B$7.16B$7.29B$6.58B$7.50B$5.76B$6.30B$6.05B$6.72B$4.23B$2.62B
Surprise %--------1.22%0.49%2.80%0.73%1.60%0.22%2.12%0.74%1.12%0.94%2.13%2.43%0.30%1.14%1.47%0.93%1.25%0.98%1.08%1.01%1.69%1.73%

18 analysts predict WMT's average Quarter EBITDA for Apr 24 to be $9.30B, with a high of $11.16B and a low of $7.44B. This is -10.31% lower than Walmart's previous annual EBITDA (Jan 24) of $10.37B.

Walmart Net Income Forecast

Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19Oct 18
# Analysts13881481817181926251323221221121320131010101010999920
Net Income--------$5.49B$453.00M$7.89B$1.67B$6.28B$-1.77B$5.15B$2.05B$3.63B$3.13B$4.28B$2.73B$-2.09B$5.13B$6.48B$3.99B$4.14B$3.29B$3.61B$3.84B$3.69B$1.71B
Avg Forecast$16.09B$14.31B$17.22B$14.43B$14.78B$13.51B$15.67B$4.22B$3.62B$4.44B$1.99B$3.84B$3.29B$4.04B$1.81B$11.97B$2.99B$3.67B$1.65B$-2.26B$4.44B$4.87B$3.78B$4.31B$3.08B$3.46B$3.43B$3.47B$1.59B$-811.60M
High Forecast$16.25B$14.46B$17.40B$14.58B$14.93B$14.25B$16.16B$5.07B$4.35B$5.33B$2.39B$4.61B$3.95B$4.85B$2.17B$12.12B$3.59B$4.41B$1.98B$-1.81B$5.33B$5.84B$4.53B$5.18B$3.69B$4.15B$4.11B$4.16B$1.91B$-649.28M
Low Forecast$15.85B$14.10B$16.97B$14.22B$14.57B$12.78B$15.43B$3.38B$2.90B$3.56B$1.59B$3.07B$2.63B$3.23B$1.45B$11.83B$2.40B$2.94B$1.32B$-2.71B$3.55B$3.90B$3.02B$3.45B$2.46B$2.77B$2.74B$2.77B$1.27B$-973.92M
Surprise %--------1.52%0.10%3.96%0.44%1.91%-0.44%2.84%0.17%1.21%0.85%2.60%-1.21%-0.47%1.05%1.71%0.92%1.35%0.95%1.05%1.11%2.32%-2.11%

Walmart's average Quarter net income forecast for Apr 24 is $4.22B, with a range of $3.38B to $5.07B. WMT's average Quarter net income forecast represents a -23.12% decrease compared to the company's last Quarter net income of $5.49B (Jan 24).

Walmart SG&A Forecast

Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19Oct 18
# Analysts13881481817181926251323221221121320131010101010999920
SG&A--------$34.31B$33.42B$32.47B$30.78B$33.06B$34.51B$30.17B$29.40B$31.46B$29.71B$28.51B$28.13B$31.33B$28.59B$28.99B$27.37B$28.60B$27.37B$26.87B$25.95B$27.82B$26.79B
Avg Forecast$37.82B$35.73B$36.18B$33.96B$36.40B$34.30B$34.32B$37.31B$34.67B$29.63B$20.53B$33.92B$31.51B$26.94B$18.67B$28.63B$28.65B$24.49B$16.97B$33.82B$24.71B$21.80B$25.91B$29.79B$25.62B$25.77B$23.15B$26.15B$24.94B$25.17B
High Forecast$38.12B$36.02B$36.46B$34.23B$36.69B$34.63B$34.50B$44.77B$41.60B$35.56B$24.64B$40.70B$37.82B$32.33B$22.40B$28.90B$34.38B$29.39B$20.36B$40.59B$29.66B$26.16B$31.09B$35.75B$30.74B$30.92B$27.78B$31.37B$29.92B$30.21B
Low Forecast$37.40B$35.33B$35.77B$33.58B$35.99B$33.79B$34.15B$29.85B$27.73B$23.71B$16.43B$27.13B$25.21B$21.55B$14.93B$28.37B$22.92B$19.59B$13.58B$27.06B$19.77B$17.44B$20.72B$23.83B$20.49B$20.62B$18.52B$20.92B$19.95B$20.14B
Surprise %--------0.99%1.13%1.58%0.91%1.05%1.28%1.62%1.03%1.10%1.21%1.68%0.83%1.27%1.31%1.12%0.92%1.12%1.06%1.16%0.99%1.12%1.06%

Walmart's average Quarter SG&A projection for Apr 24 is $37.31B, based on 18 Wall Street analysts, with a range of $29.85B to $44.77B. The forecast indicates a 8.74% rise compared to WMT last annual SG&A of $34.31B (Jan 24).

Walmart EPS Forecast

Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19Jul 19Apr 19Jan 19Oct 18
# Analysts13881481817181926251323221221121320131010101010999920
EPS--------$0.68$0.17$2.93$0.62$2.33$-0.65$1.88$0.75$1.31$1.12$1.53$0.97$-0.74$1.81$2.29$1.41$1.46$1.16$1.27$1.34$1.27$0.58
Avg Forecast$1.99$1.77$2.13$1.78$1.83$1.67$1.94$1.60$1.63$1.52$1.71$1.32$1.52$1.32$1.62$1.48$1.50$1.40$1.57$1.21$1.51$1.18$1.25$1.12$1.44$1.09$1.22$1.02$1.33$1.15
High Forecast$2.01$1.79$2.15$1.80$1.85$1.76$2.00$1.66$1.69$1.63$1.72$1.33$1.54$1.33$1.64$1.50$1.51$1.42$1.59$1.23$1.52$1.19$1.27$1.13$1.45$1.10$1.23$1.03$1.35$1.38
Low Forecast$1.96$1.74$2.10$1.76$1.80$1.58$1.91$1.57$1.56$1.48$1.68$1.30$1.50$1.30$1.60$1.46$1.47$1.38$1.55$1.19$1.48$1.16$1.23$1.10$1.42$1.07$1.20$1.01$1.31$0.92
Surprise %--------0.42%0.11%1.72%0.47%1.53%-0.49%1.16%0.51%0.88%0.80%0.97%0.80%-0.49%1.54%1.83%1.26%1.02%1.07%1.04%1.31%0.95%0.50%

According to 18 Wall Street analysts, Walmart's projected average Quarter EPS for Apr 24 is $1.60, with a low estimate of $1.57 and a high estimate of $1.66. This represents a 135.47% increase compared to WMT previous annual EPS of $0.68 (Jan 24).

Walmart Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BIGBig Lots$3.70$16.88356.22%Hold
WMTWalmart$64.65$118.6183.46%Buy
DGDollar General$142.13$198.4339.61%Buy
DLTRDollar Tree$117.31$156.2333.18%Buy
TGTTarget$160.13$178.6611.57%Buy
COSTCostco Wholesale$795.81$645.31-18.91%Buy
BJBJ's Wholesale Club$79.76$63.90-19.88%Hold

WMT Forecast FAQ


Yes, according to 28 Wall Street analysts, Walmart (WMT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 27 'Buy' recommendations, accounting for 96.43% of WMT's total ratings.

Walmart (WMT) average price target is $118.61 with a range of $64 to $196, implying a 83.46% from its last price of $64.65. The data is based on 28 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for WMT stock, the company can go up by 83.46% (from the last price of $64.65 to the average price target of $118.61), up by 203.17% based on the highest stock price target, and down by -1.01% based on the lowest stock price target.

WMT's average twelve months analyst stock price target of $118.61 supports the claim that Walmart can reach $100 in the near future.

18 Wall Street analysts forecast a $70.61 price target for Walmart (WMT) this month, up 9.22% from its last price of $64.65. Compared to the last 3 and 12 months, the average price target increased by 26.47% and increased by 68.91%, respectively.

Walmart's analysts financial forecasts for the fiscal year (Jan 2025) are as follows: average revenue is $666.27B (high $671.75B, low $659.7B), average EBITDA is $39.17B (high $41.26B, low $37B), average net income is $48.19B (high $50.41B, low $46.15B), average SG&A $142.33B (high $150.59B, low $133.78B), and average EPS is $7.04 (high $7.27, low $6.86). WMT's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $696.58B (high $702.14B, low $688.8B), average EBITDA is $40.86B (high $41.19B, low $40.41B), average net income is $62.04B (high $62.69B, low $61.14B), average SG&A $143.68B (high $144.83B, low $142.08B), and average EPS is $7.67 (high $7.75, low $7.56).

Based on Walmart's last annual report (Jan 2024), the company's revenue was $648.12B, beating the average analysts forecast of $639.21B by 1.40%. Apple's EBITDA was $38.86B, beating the average prediction of $31.37B by 23.89%. The company's net income was $15.51B, beating the average estimation of $13.9B by 11.59%. Apple's SG&A was $130.97B, beating the average forecast of $118.75B by 10.29%. Lastly, the company's EPS was $1.91, missing the average prediction of $6.18 by -69.08%. In terms of the last quarterly report (Jan 2024), Walmart's revenue was $173.39B, beating the average analysts' forecast of $170.4B by 1.76%. The company's EBITDA was $10.37B, beating the average prediction of $8.47B by 22.50%. Walmart's net income was $5.49B, beating the average estimation of $3.62B by 51.65%. The company's SG&A was $34.31B, missing the average forecast of $34.67B by -1.03%. Lastly, the company's EPS was $0.68, missing the average prediction of $1.63 by -58.31%