UBS Raises Walmart Price Target to $135 on $681B Fiscal Revenue

WMTWMT

UBS maintained its Buy rating on Walmart and lifted its price target from $122 to $135 following fiscal 2025 results showing $681 billion in revenue and a 4.3% operating margin translating to $29.3 billion of operating income. Walmart’s market capitalization stands at about $937 billion.

1. UBS Maintains Buy Rating and Raises Price Target

On January 30, 2026, UBS reaffirmed its Buy rating for Walmart and elevated its price target from $122 to $135, citing confidence in the retailer’s diversified sales channels and cost discipline. The firm highlighted Walmart’s ongoing investments in digital fulfillment centers and private-label product expansion as key drivers for market share gains over the next 12 to 18 months.

2. Fiscal 2025 Revenue and Margin Expansion

Walmart reported $681 billion in revenue for fiscal 2025—approximately $1.87 billion per day—up from $646 billion in the prior year. Operating margin expanded to 4.3%, generating $29.3 billion in operating income, a one-percentage point improvement over two years. This margin improvement places Walmart between Target’s 4.6% and Costco’s 3.7%, underscoring the success of its higher-margin initiatives such as health services and digital advertising.

3. Recent Stock Performance and Market Capitalization

Walmart shares recently traded at $117.57, reflecting a 0.13% uptick with an intraday range of $116.61 to $117.63. Over the last 12 months, the stock’s low was $79.81 and its high reached $121.62. The company’s market capitalization stands at roughly $937.33 billion, supported by an average daily trading volume of 2.1 million shares, indicating steady investor demand for its stable growth profile.

4. Leadership Transition Signals Digital Focus

Effective February 1, 2026, John Furner, previously CEO of Walmart U.S., will succeed Doug McMillon as CEO of Walmart Inc. Furner’s reputation for driving technology adoption—such as drone delivery pilots and AI-powered supply chain tools—signals a renewed emphasis on e-commerce expansion and automation across Walmart’s 4,600-plus stores. His elevation underscores the board’s priority on scaling digital initiatives to sustain long-term growth.

Sources

PBZPF
+2 more