These Analysts Raise Price Targets On Walmart After Upbeat Q2 Results

Walmart Inc. WMT reported upbeat results for its second quarter on Tuesday.

Walmart reported adjusted EPS of $1.77 on revenues of $152.86 billion, which beat the consensus estimate of $1.62 and revenues of $150.75 billion. Walmart guided its full-year 2023 profits lower, however, forecasting adjusted EPS to decline between 9% and 11%.

Walmart shares rose 5.1% to close at $139.37 on Tuesday.

Several analysts made changes to their price targets on Walmart following the release of results.

  • Telsey Advisory Group increased price target on Walmart from $145 to $160. However, Telsey Advisory Group analyst Joseph Feldman maintained the stock with an Outperform.
  • Raymond James raised Walmart’s price target from $140 to $150. However, Raymond James analyst Bobby Griffin maintained the stock with an Outperform rating.
  • Goldman Sachs boosted the price target on the stock from $135 to $155. However, Goldman Sachs analyst Kate McShane maintained Walmart with a Buy.
  • RBC Capital raised Walmart’s price target from $135 to $151. However, RBC Capital analyst Steven Shemesh maintained an Outperform rating on the stock.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!