WMT Maintained at Outperform by Evercore ISI, May 2026

Evercore ISI kept its Walmart analyst rating at Outperform on May 18, 2026, signaling continued confidence in the retail giant. The firm raised its price target to $140 from $135, reflecting optimism about WMT’s growth trajectory. At $133.34, Walmart trades above its 50-day average of $126.63 and 200-day average of $114.08. The stock gained 1.44% today, closing near its 52-week high of $134.69. With a $1.06 trillion market cap, Walmart remains a cornerstone holding for defensive investors.

Evercore ISI Maintains Walmart Analyst Rating at Outperform

Evercore ISI reaffirmed its Outperform rating on Walmart, keeping the stock on its buy list. The analyst firm raised the price target to $140 from $135, implying 5.1% upside from current levels. This maintained Walmart analyst rating reflects confidence in the company’s ability to drive earnings growth and market share gains in a competitive retail environment.

The price target increase comes as Walmart continues to execute its omnichannel strategy and expand high-margin services. Evercore’s decision to hold the Outperform rating underscores the firm’s belief that WMT can deliver consistent returns despite near-term macro headwinds. Investors tracking the Walmart analyst rating should note that 69 analysts rate the stock as Buy, with only one Hold recommendation.

Financial Metrics Show Strong Fundamentals

Walmart’s financial profile reflects operational excellence in the discount retail sector. The company trades at a P/E ratio of 48.4x with EPS of $2.73, while maintaining a net profit margin of 3.07% and ROE of 23.69%. Free cash flow per share stands at $1.87, supporting the $0.965 annual dividend.

Meyka AI rates WMT with a grade of A, scoring 80.69 out of 100. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors. The company’s debt-to-equity ratio of 0.67x and interest coverage of 10.66x demonstrate solid financial stability for a retailer of its scale.

Technical Setup and Price Action

WMT’s technical indicators suggest momentum building in the near term. The RSI sits at 60.82, indicating neither overbought nor oversold conditions, while the MACD histogram of 0.12 shows positive momentum. Volume reached 17.18 million shares, below the 30-day average of 19.12 million, suggesting measured buying interest.

The stock trades within its Bollinger Bands with the upper band at $133.53 and lower band at $127.12. Traders should monitor the $135 resistance level, which aligns with the previous price target. A break above this level could accelerate gains toward the new $140 target. WMT has shown resilience, gaining 35.89% over the past year and 19.68% year-to-date.

Growth Outlook and Analyst Consensus

Walmart’s earnings growth trajectory supports the bullish Walmart analyst rating from Evercore. Net income grew 25.3% year-over-year, while EPS expanded 26.04%, outpacing revenue growth of 5.07%. This operational leverage demonstrates management’s ability to drive profitability through efficiency gains and scale.

The analyst consensus remains overwhelmingly positive, with 69 Buy ratings against just 1 Hold. Meyka AI’s price forecasts project WMT reaching $145.29 within 12 months, $205.35 in three years, and $265.33 in five years. These projections reflect confidence in Walmart’s ability to capitalize on e-commerce expansion, advertising growth, and international market opportunities.

Final Thoughts

Evercore ISI’s maintained Walmart analyst rating at Outperform with a raised $140 price target reinforces the market’s confidence in WMT’s strategic positioning. The stock’s strong technical setup, solid financial metrics, and robust earnings growth provide a compelling case for continued gains. With 69 analysts rating it Buy and Meyka AI assigning an A grade, Walmart appears well-positioned for long-term value creation. Investors should monitor the $135-$140 resistance zone for confirmation of further upside momentum.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.