Walmart stock: BofA lifts target to 139 dollars before earnings
Published on 11/11/2026 at 16:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view shifts before earnings
- BofA raised its Walmart price target while retaining a Buy rating ahead of the fiscal third-quarter report.
- The broker expects 2.8 percent US comparable-sales growth excluding fuel and continued market-share gains.
- Investors will focus on marketplace, advertising and full-year guidance when Walmart reports on November 19.
BofA Securities raised its price target for Walmart from 126 to 139 US dollars on Wednesday, November 11, while maintaining a Buy rating. The update adds a fresh analyst view ahead of Walmart's fiscal third-quarter results, due on November 19, according to Investing.com.
BofA raises the earnings bar
The broker forecasts third-quarter earnings per share of 0.63 US dollars and expects Walmart to move its full-year sales and earnings guidance toward the upper end of its previous range. BofA also projects 2.8 percent comparable-sales growth for Walmart's US business, excluding fuel.
The analysis points to a need for stronger comparable-sales momentum outside health and wellness. Marketplace and advertising growth will be important indicators for whether Walmart can accelerate earnings growth next year, while continued gains in grocery and general merchandise could support further market-share expansion.
Valuation remains central
BofA based the new target on a price-to-earnings multiple of 44, up from 40 previously, citing higher valuation multiples across comparable retailers. That framework leaves the market's assessment of future earnings as a key risk alongside operating execution.
Walmart stock traded at 111.89 euros on Lang & Schwarz at 16:44 CET on Wednesday, November 11, 0.67 percent below the Xetra close of 112.64 euros on Tuesday, November 10.
Walmart stock at a glance
- Company: Walmart Inc.
- ISIN: US9311421039
- Ticker: WMT
- Home exchange: New York Stock Exchange
- Lang & Schwarz quote: 111.89 euros at 16:44 CET on November 11, 2026
- Change against Xetra close: 0.67 percent lower than 112.64 euros on November 10, 2026
US equities remain the wider market backdrop; see the latest S&P 500 market coverage.
Walmart's November 19 report will put comparable sales, digital commerce and the full-year outlook at the center of the next investment assessment. More news and analyses on Walmart stock will follow the earnings release.
