Walmart Inc.WMT
▼ NegativeCapitalrelevance
Goldman cut price target to $130 and reduced EPS forecast, despite beating estimates, due to stretched valuation and slower comp sales.
Impact on stocks 1
Consumer Staples
Walmart Inc.Goldman Sachs lowered its price target on Walmart to $130 from $141 while maintaining a Buy rating after the retailer's shares fell more than 9% Thursday despite beating earnings and revenue estimates. Analyst Kate McShane said Walmart's valuation remains stretched and reduced her 2026 earnings-per-share forecast by about 2%. She still sees pricing investments, marketplace expansion, and improving e-commerce profitability as catalysts for market-share gains in the second half of 2026. Walmart reported adjusted earnings of $0.81 per share versus the $0.74 estimate and revenue of $187.9 billion versus expectations of $186.75 billion, and it raised its 2026 guidance. The main concern is slower U.S. comparable-sales growth, which drove the sell-off.
Walmart Inc.Goldman cut price target to $130 and reduced EPS forecast, despite beating estimates, due to stretched valuation and slower comp sales.