As Walmart (WMT) maintains its 2024 market surge, its stock shares have again reached a new all-time peak. On Tuesday, November 19, the company will release its third-quarter monetary 2025 earnings. In advance of WMT's next earnings findings, the majority of companies have increased their stock projections because they are optimistic about the retailer.
Analysts' Anticipation Of WMT Earnings
Price forecasts have been increasing since the report, and Walmart is anticipated to hit even higher highs. Robert F. Ohmes, an analyst at BofA Securities, is an especially upbeat expert who believes that WMT will rise after a strong Q3 report.
Given that Walmart sales have accelerated according to Bloomberg Second Measure debit and credit card data, the analyst indicates a possible upside for the quarter. According to Ohmes, the third-quarter comps should reflect positive year-over-year agreements. These will be fueled by food products and health/wellness strengths.
Walmart Bull Cases
Walmart is one of the most well-known brands in the USA. Indeed, it is impossible to undervalue the retailer's control. They have used that leverage to set record-high prices for stocks in 2024, guaranteeing that WMT will be among the year's largest gainers. According to Ohmes, Walmart's enhanced express delivery capacity, enlarged online SKU picking, and store renovations are all boosting purchases and unit expansion. Additionally, Morgan Stanley and other firms predict a "modest upside" for the third and fourth quarters of 2024.
Furthermore, several investment firms have increased their holdings in Walmart stock, indicating increased investor trust. Principle Financial Group acquired over 809,000 shares of WMT in Q3. Additionally, it strengthened its position, now owning over 6.2 million shares of Walmart stock.
