Walmart stock: BMO lifts target as earnings focus shifts to GMV
Published on 11/10/2026 at 16:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalysten sehen unterschiedliche Wachstumstreiber
- BMO erwartet vor dem Quartalsbericht robuste Marktanteilsgewinne und anhaltendes Wachstum im digitalen Geschäft.
- Der Broker senkte zugleich seine langfristige Prognose für das US-Vergleichsumsatzwachstum wegen möglicher Belastungen durch neue Preisregeln bei Medikamenten.
- Walmart veröffentlicht seine Ergebnisse zum dritten Geschäftsquartal am 19. November.
Walmart faces a fresh analyst assessment ahead of its fiscal third-quarter report. Investing.com reported on Tuesday, November 10, that BMO Capital had lifted its Walmart price target from 126 to 136 US dollars while maintaining an Outperform rating. The report said the revision reflected confidence in the retailer's underlying business strength.
Walmart stock traded at 112.26 euros on Lang & Schwarz at 16:42 CET on Tuesday, November 10. The quote provides the latest market reference ahead of the results but does not establish a direction against a dated Xetra close.
What changed in the analyst view
BMO expects Walmart to deliver broadly in-line fiscal third-quarter results, with US comparable-sales growth of 2.8 percent. The broker also sees high-single-digit growth in general merchandise gross merchandise volume, which would point to continuing market-share gains.
At the same time, BMO reduced its fiscal 2028 US comparable-sales forecast to 2.1 percent from 3.5 percent. Investing.com attributed the change to headwinds from the next group of medicines affected by Maximum Fair Pricing. BMO left its fiscal 2028 earnings-per-share growth forecast at 9 percent year over year.
Digital growth meets valuation risk
The new target is based on 40 times BMO's rolled-forward fiscal 2029 earnings-per-share estimate. The assessment adds a second analyst perspective ahead of the report, while the latest in-house coverage had focused on UBS's higher 149 US dollar target and the contribution from e-commerce and other higher-margin activities.
Investors will weigh whether digital commerce, marketplace activity and general merchandise demand can offset pressure from price investment and potential margin costs. The upcoming release should provide the next evidence on comparable sales, gross-margin development and management's outlook.
Walmart Inc. at a glance
- Company: Walmart Inc.
- ISIN: US9311421039
- Ticker: WMT
- Home exchange: New York Stock Exchange
- Lang & Schwarz price: 112.26 euros, Tuesday, November 10, 2026, 16:42 CET
- Sector: Consumer Defensive
- Industry: Discount Stores
The S&P 500 market environment remains relevant for the valuation of large US retailers.
Walmart is scheduled to report fiscal third-quarter results on Thursday, November 19. More news and analyses on Walmart stock will track the earnings figures and the next outlook.
