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On Friday, BMO Capital Markets maintained their positive outlook on Walmart Inc. (NYSE:WMT) shares, reasserting an Outperform rating and a price target of $110.00. BMO’s analysts highlighted Walmart’s robust first-quarter performance, emphasizing the company’s significant achievement of ecommerce profitability for the first time after nearly a decade of efforts. The retail giant, currently valued at $790.89 billion, has demonstrated remarkable momentum with a 52% return over the past year. According to InvestingPro data, Walmart maintains a "Good" overall financial health score, supported by strong profit and growth metrics.
Walmart’s management has decided to uphold its fiscal year 2026 guidance, though they cautioned about the potential volatility in quarterly earnings due to tariffs, which could also lead to increased prices. Despite these challenges, BMO analysts believe that Walmart is well-positioned to navigate the fluid retail environment and continue gaining market share. The company has demonstrated solid fundamentals with 4.22% revenue growth in the last twelve months, while maintaining its 30-year streak of dividend increases.
The analysts noted Walmart’s strong underlying business momentum as a key factor in their positive assessment. The retailer’s success in reaching a milestone in ecommerce profitability was particularly underscored as a remarkable accomplishment, given the length and complexity of the journey towards this goal. InvestingPro subscribers can access 12 additional key insights about Walmart’s performance and prospects, including detailed analysis of its market position and growth trajectory.
While the possibility of tariff-induced volatility remains a concern, BMO analysts expressed confidence in Walmart’s ability to adapt and potentially benefit in the long term. They see the company as a likely major share gainer in the retail sector, even with the near-term uncertainties that tariffs may introduce.
In summarizing their stance, BMO analysts reiterated their Outperform rating for Walmart’s stock, with the price target firmly set at $110.00. This reiteration comes as Walmart demonstrates consistent strength in its business operations and strategic positioning within the competitive retail landscape.
In other recent news, Walmart Inc. reported first-quarter earnings that exceeded analysts’ expectations, with earnings per share (EPS) reaching 61 cents, surpassing the forecast of 58 cents. U.S. comparable sales rose by 4.5%, slightly above the anticipated 3.9%, while Sam’s Club sales increased by 6.7%. Despite facing challenges like tariffs and inventory accounting issues, Walmart maintained its full-year sales and operating income guidance. Analysts from KeyBanc, Goldman Sachs, TD Cowen, Truist Securities, and Citi have all reaffirmed positive ratings on Walmart, with price targets ranging from $101 to $120. Notably, Truist Securities raised its price target to $111, citing Walmart’s resilience and market share growth. The company continues to leverage its e-commerce and advertising platforms to drive profitability. Management projects a healthy increase in second-quarter sales, estimating growth between 3.5% and 4.5%. These developments highlight Walmart’s strategic positioning and ability to navigate a challenging economic landscape.
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