Walmart Inc. (WMT) Price Target Increased at Oppenheimer as Firm Eyes Solid Q4

Walmart Inc. (NASDAQ:WMT) is included among the 13 Best Roth IRA Stocks to Buy Now.

On February 9, Oppenheimer analyst Rupesh Parikh increased his price recommendation on Walmart Inc. (NASDAQ:WMT) to $140 from $125 and maintained an Outperform rating ahead of the company’s quarterly results. The firm raised its Q4 EPS estimate toward the upper end of management’s guidance, citing expectations for a strong holiday season, steady top-line momentum across the business, and possible support from favorable weather. Looking to fiscal 2026, Oppenheimer expects management to "only" guide in line with its long-term framework of 4% sales growth and 4% to 8% operating income growth. That outlook would fall short of the current Street expectation for 11.3% operating income growth. As a result, the firm believes it would be positioned to take advantage of any pullback in the stock rather than rely on a near-term upside catalyst. Walmart remains a top pick at Oppenheimer.

On February 3, Walmart became the first retailer to reach a $1 trillion market valuation. The milestone followed a year-long rally that pushed shares up nearly 26%, placing the company alongside large technology names such as Nvidia and Alphabet. The company’s performance reflects its ability to appeal to a broad customer base. Walmart has attracted higher-income shoppers looking for value and convenience while continuing to serve its traditional lower-income customers. Over the past decade, the stock has gained 476%, compared with a 269.2% increase for the S&P 500. That outperformance has been tied in part to its ability to balance both segments of consumers.

Over the last five years, Walmart expanded its online marketplace to more than half a billion items, introduced one-hour delivery, launched Walmart+ to compete with Amazon Prime, and built a $4 billion advertising business that has supported margins.

The company also invested heavily in artificial intelligence. It directed billions toward supply chain automation to improve fresh inventory management, speed up delivery times, and refine forecasting and search capabilities. Those efforts have contributed to 15 consecutive quarters of U.S. same-store sales outperformance, based on LSEG estimates. Investor confidence in Walmart’s AI strategy has added momentum to the stock as more consumers shift grocery purchases online.

Walmart Inc. (NASDAQ:WMT) operates as a technology-enabled omnichannel retailer. It runs retail and wholesale stores, clubs, e-commerce platforms, and mobile applications across the US, Africa, Canada, Central America, Chile, China, India, and Mexico. The company reports results through three segments: Walmart US, Walmart International, and Sam’s Club US.

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