Walmart Sees Overweight Rating, $137 JPMorgan Target; BofA Lowers Price Goal
For Q1, Walmart reported net sales of $177.8 billion and adjusted EPS of $0.66, matching estimates, and reiterated fiscal 2027 EPS guidance of $2.75–$2.85. JPMorgan added Walmart to its Analyst Focus List with an Overweight rating and $137 price target, while BofA cut its target to $144.
1. Q1 Results
Walmart’s first-quarter net sales reached $177.8 billion, surpassing the $174.8 billion consensus, while adjusted earnings per share of $0.66 met estimates. The retailer maintained its fiscal 2027 EPS guidance range of $2.75 to $2.85, slightly below the $2.92 consensus estimate.
2. JPMorgan’s Upgrade
JPMorgan added Walmart to its Analyst Focus List, retaining an Overweight rating and setting a $137 price target, citing accelerated share gains and the potential for continued earnings power over time.
3. BofA’s Price Target Revision
Bank of America acknowledged a challenging consumer backdrop but expects share gains to accelerate with price-conscious shoppers. The firm maintained a Buy rating but lowered its price target from $150 to $144.
4. Market Sentiment and Stock Performance
Retail sentiment remains extremely bullish, with 39 of 44 analysts rating Walmart a Buy or higher. The stock is up nearly 9% year-to-date and 26% over the past 12 months, reflecting positive investor outlook.