KeyBanc reiterated an Overweight rating on Walmart (NYSE:WMT) with a $145.00 price target, citing the retailer's continued market share gains and digital momentum.
Walmart reported first-quarter earnings per share above guidance despite headwinds. The company gained market share in grocery and general merchandise across all income cohorts. Despite strong fundamentals, shares have declined 7.7% over the past week, trading at $121.34.
Second-quarter guidance came in below expectations. KeyBanc believes Walmart is positioned to continue gaining share and offset rising transportation costs. The firm revised its estimates and named Walmart a top pick.
Analyst Bradley Thomas noted Walmart's share gains and digital flywheel have strong momentum. The company has raised its dividend for 31 consecutive years.
In other news, Walmart reported Q1 FY2027 revenue of $177.8 billion, beating estimates by $2.97 billion. Freedom Broker upgraded Walmart to hold from sell with a $133 target. RBC Capital lowered its target to $137 but maintained Outperform. Truist Securities raised its target to $140.
