57/100BWalmart stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Walmart is 129.22, 3.0% above the current price of 125.47. Their targets range from 110.00 to 155.00.
Of the 27 firms that rated Walmart in the past 12 months, 24 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 110.00 to 155.00, with an average of 129.22.
| Buy | 24 | |
| Hold | 3 | |
| Sell | 0 |
12-month price target
| Highest target | 155.00 |
| Average target | 129.22 |
| Lowest target | 110.00 |
| Current price | 125.47 |
Walmart price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Walmart price target and rating?
How analysts rate Walmart, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
24 of 27 firms rate it buy now, against 25 of 26 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Walmart analyst upgrades, downgrades and price targets
The latest rating change came on 15 October 2026, when Deutsche Bank upgraded Walmart from Hold to Buy. Its price target is 136.00, from 113.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 15 Oct 2026 | Deutsche Bank Krisztina Katai | Upgraded · Hold → Buy | 113.00 → 136.00 | +20.4% | 116.16 |
| 21 Aug 2026 | Jefferies Corey Tarlowe | — | 145.00 → 120.00 | -17.2% | 103.70 |
| 21 Aug 2026 | Deutsche Bank | — | 120.00 → 113.00 | -5.8% | 102.79 |
| 21 Aug 2026 | Raymond James Bobby Griffin | — | 135.00 → 130.00 | -3.7% | 102.71 |
| 21 Aug 2026 | Evercore ISI | — | 130.00 → 125.00 | -3.8% | 102.64 |
| 21 Aug 2026 | Truist Financial | Reiterated · Buy | 114.00 → 125.00 | +9.6% | 102.44 |
| 21 Aug 2026 | BMO Capital Kelly Bania | — | 125.00 → 126.00 | +0.8% | 102.45 |
| 21 Aug 2026 | RBC Capital Steven Shemesh | Reiterated · Outperform | 137.00 → 131.00 | -4.4% | 103.84 |
| 21 Aug 2026 | Truist Financial Scot Ciccarelli | — | 140.00 → 114.00 | -18.6% | 103.84 |
| 21 Aug 2026 | Robert W. Baird Peter Benedict | — | 121.00 → 120.00 | -0.8% | 103.84 |
| 21 Aug 2026 | Piper Sandler | Reiterated · Overweight | 137.00 → 128.00 | -6.6% | 103.84 |
| 21 Aug 2026 | Wolfe Research Spencer Hanus | — | 137.00 → 115.00 | -16.1% | 103.84 |
| 21 Aug 2026 | D.A. Davidson Michael Baker | — | 150.00 → 132.00 | -12.0% | 103.84 |
| 21 Aug 2026 | Guggenheim Robert Drbul | Reiterated · Buy | 135.00 → 130.00 | -3.7% | 103.84 |
| 21 Aug 2026 | Goldman Sachs Kate McShane | — | 138.00 → 130.00 | -5.8% | 103.84 |
| 20 Aug 2026 | Gordon Haskett Capital Corporation | — | 110.00 | — | 103.84 |
| 17 Aug 2026 | Guggenheim Robert Drbul | Reiterated · Buy | 120.00 → 135.00 | +12.5% | 115.27 |
| 4 Aug 2026 | Oppenheimer | Downgraded · Outperform → Perform | — | — | — |
| 31 Jul 2026 | Bernstein | Reiterated · Outperform | 145.00 → 142.00 | -2.1% | 111.10 |
| 27 Jul 2026 | Mizuho Securities David Bellinger | — | 137.00 → 130.00 | -5.1% | 109.47 |
| 29 May 2026 | Tigress Financial Ivan Feinseth | Reiterated · Buy | 150.00 → 155.00 | +3.3% | 115.19 |
| 22 May 2026 | UBS | Reiterated · Buy | 147.00 → 141.00 | -4.1% | 119.49 |
| 22 May 2026 | RBC Capital Steven Shemesh | Reiterated · Outperform | 145.00 → 137.00 | -5.5% | 121.34 |
| 21 May 2026 | Truist Financial Scot Ciccarelli | — | 139.00 → 140.00 | +0.7% | 121.34 |
| 21 May 2026 | Freedom Broker | Upgraded · Sell → Hold | — | — | — |
| 15 May 2026 | Piper Sandler Peter Keith | Reiterated · Overweight | 130.00 → 137.00 | +5.4% | 132.46 |
| 12 May 2026 | Bernstein Zhihan Ma | — | 134.00 → 145.00 | +8.2% | 127.59 |
| 11 May 2026 | Wolfe Research | Reiterated · Outperform | 129.00 → 137.00 | +6.2% | 127.20 |
| 6 May 2026 | BTIG | Reiterated · Buy | 140.00 → 145.00 | +3.6% | 130.79 |
| 6 Mar 2026 | Craig-Hallum | — | 150.00 | — | 123.63 |
| 6 Mar 2026 | Raymond James Bobby Griffin | — | 135.00 | — | 123.51 |
| 25 Feb 2026 | Tigress Financial | Reiterated · Buy | 135.00 → 150.00 | +11.1% | 126.30 |
| 20 Feb 2026 | Truist Financial Scot Ciccarelli | Reiterated · Buy | 127.00 → 139.00 | +9.4% | 122.13 |
| 20 Feb 2026 | D.A. Davidson Michael Baker | — | 135.00 → 150.00 | +11.1% | 121.79 |
| 20 Feb 2026 | Telsey Advisory | Reiterated · Outperform | 135.00 → 140.00 | +3.7% | 121.31 |
| 20 Feb 2026 | RBC Capital | — | 140.00 → 145.00 | +3.6% | 122.21 |
| 20 Feb 2026 | Deutsche Bank | — | 119.00 → 120.00 | +0.8% | 122.97 |
| 20 Feb 2026 | Jefferies | — | 132.00 → 145.00 | +9.8% | 122.39 |
| 20 Feb 2026 | UBS Michael Lasser | Reiterated · Buy | 135.00 → 147.00 | +8.9% | 122.85 |
| 20 Feb 2026 | Roth Capital William Kirk | — | 138.00 | — | 122.38 |
| 20 Feb 2026 | Goldman Sachs | — | 121.00 → 138.00 | +14.0% | 124.87 |
| 20 Feb 2026 | Bernstein | Reiterated · Outperform | 129.00 → 134.00 | +3.9% | 124.87 |
| 20 Feb 2026 | HSBC Joseph Thomas | Downgraded · Buy → Hold | 131.00 | — | 124.87 |
| 18 Feb 2026 | D.A. Davidson Michael Baker | — | 130.00 → 135.00 | +3.8% | 126.90 |
| 17 Feb 2026 | Redburn Partners | — | 150.00 | — | 133.89 |
| 13 Feb 2026 | KeyBanc Bradley Thomas | Reiterated · Overweight | 128.00 → 145.00 | +13.3% | 133.64 |
| 11 Feb 2026 | RBC Capital Steven Shemesh | Reiterated · Outperform | 126.00 → 140.00 | +11.1% | 127.96 |
| 11 Feb 2026 | BTIG | Reiterated · Buy | 125.00 → 140.00 | +12.0% | 126.70 |
| 10 Feb 2026 | Wells Fargo Edward Kelly | Reiterated · Overweight | 130.00 → 140.00 | +7.7% | 129.02 |
| 9 Feb 2026 | Oppenheimer Rupesh Parikh | Reiterated · Outperform | 125.00 → 140.00 | +12.0% | 131.18 |
Walmart EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Walmart's EPS to grow 9.9% a year until 2029. Over the last 5 years it grew 11.0% a year, and over the last 3 years 24.3%.
Analysts expect Walmart's revenue to grow 4.8% a year until 2029, about as fast as over the last 5 years (5.0% a year) and the last 3 years (5.3%).
Revenue
EPS
Does Walmart beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 5.6% off the result, either way, and their revenue estimate 0.8%, over the last 12 quarters.
- EPS beats
- 64 / 120
- Revenue beats
- 87 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +4.4%
- Since
- February 1997
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 20 Aug 2026 | 0.74 | 0.81 | +9.2% | 186.64B | 187.94B | +0.7% |
| Q1 FY2027 | 21 May 2026 | 0.66 | 0.66 | +0.2% | 174.84B | 177.75B | +1.7% |
| Q4 FY2026 | 19 Feb 2026 | 0.73 | 0.74 | +1.8% | 190.58B | 190.66B | +0.0% |
| Q3 FY2026 | 20 Nov 2025 | 0.60 | 0.62 | +3.2% | 177.44B | 179.50B | +1.2% |
| Q2 FY2026 | 21 Aug 2025 | 0.73 | 0.68 | -7.2% | 175.94B | 177.40B | +0.8% |
| Q1 FY2026 | 15 May 2025 | 0.58 | 0.61 | +6.1% | 165.62B | 165.61B | -0.0% |
| Q4 FY2025 | 20 Feb 2025 | 0.65 | 0.66 | +2.2% | 180.07B | 180.55B | +0.3% |
| Q3 FY2025 | 19 Nov 2024 | 0.53 | 0.58 | +9.4% | 167.69B | 169.60B | +1.1% |
| Q2 FY2025 | 15 Aug 2024 | 0.65 | 0.67 | +3.1% | 168.56B | 169.34B | +0.5% |
| Q1 FY2025 | 16 May 2024 | 0.52 | 0.60 | +15.4% | 159.57B | 161.51B | +1.2% |
| Q4 FY2024 | 20 Feb 2024 | 0.55 | 0.60 | +9.1% | 170.85B | 173.39B | +1.5% |
| Q3 FY2024 | 16 Nov 2023 | 0.51 | 0.51 | 0.0% | 159.65B | 160.80B | +0.7% |
Walmart stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Walmart's earnings keep growing at the 11.0% a year analysts expect to FY2029, it would earn about 4.46 a share in FY2031. At the P/E it has traded at over the last five years (28.6 to 45.3) that is 127.40 to 201.85 a share, or 163.51 at its average P/E of 36.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 2.89 | 82.60 | 106.02 | 130.87 |
| FY2028 | 3.23 | 92.26 | 118.42 | 146.18 |
| FY2029 | 3.62 | 103.49 | 132.82 | 163.96 |
| FY2030 (extrapolated) | 4.02 | 114.82 | 147.37 | 181.92 |
| FY2031 (extrapolated) | 4.46 | 127.40 | 163.51 | 201.85 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 11.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (28.6, 36.7, 45.3).
Is Walmart stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Walmart's P/E of 45.3 is near the top of its 5-year range (24.4 to 51.1, median 37.9). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay more for each point of growth than usual: a PEG of 4.6 on expected growth against 3.4 on its median P/E and past five years' growth. At its usual P/E (40.9 × EPS of 2.55), Walmart's fair value is 104.41; the price, 125.47, is 20.2% above it. The EPS is without 0.22 a share of one-off gains in its other income, which the business does not repeat. Its forward P/E, on the consensus for FY2027, is 43.4.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (24.4 and 59.8). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 45.30
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 37.92
- Five-year P/E range
- 24.4 – 51.1
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 43.43
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 4.13
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +3.0%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 194.93146Price 99.09244 | +96.7% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.82271Price 186.68451 | +93.3% | |
| 213.670 | 405.57304Price 213.67507 | +89.8% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 160.650 | 300.09225Price 160.65375 | +86.8% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.