Evercore ISI Group Raises Walmart (WMT) Price Target to $130

Evercore ISI Group maintained its Outperform rating on Walmart Inc. (NasdaqGS: WMT) on October 20, 2026, while lifting its price target from $125.00 to $130.00. The research note outlines a positive view on the retail giant's forward-looking prospects as shares trade below the newly stated target level.

WMT Walmart Inc.

$118.32 ▲ +5.60% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Evercore ISI Group's Call on Walmart Inc.

In its research note delivered on October 20, 2026, Evercore ISI Group kept an Outperform rating on the stock and nudged its price target up to $130.00 from the prior target of $125.00. The firm's updated target sits above recent market levels, pointing to room for further gains as the retail chain navigates its fiscal year.

Walmart Inc. Stock Holds Steady

Walmart shares recently traded around $118.78 on October 20, 2026, matching the day's close of $118.79. The stock is positioned about 8.9% above its 50-day moving average of $109.05 and sits roughly 0.4% above its 200-day moving average of $118.30. At the same time, the shares trade about 12.1% below their 52-week high of $135.16 and 20.1% above their 52-week low of $98.88.

Recent Earnings

For its trailing twelve months, Walmart reported total revenue of $735.84 billion and basic earnings of $2.76 per share. The company recorded a net profit margin of 3.0% alongside a return on equity of 22.3%. The next earnings report is scheduled for release on November 19, 2026.

Dividend

Walmart pays an annual dividend rate of $0.99 per share, providing a dividend yield of 0.83%. The payout ratio stands at 35.0%, showing how much of the company's earnings go toward shareholder distributions.

Insider Buying and Selling at Walmart Inc.

Company insiders have completed several transactions in recent weeks under pre-arranged Rule 10b5-1 trading plans. Executive Vice President Nicholas Christopher James sold 2,900 shares on September 17, 2026, at an average price of $106.65 for a total of $309,285.87. Later, on October 14, 2026, Executive Vice President Latriece Watkins sold 5,000 shares at $115.00 each, totaling $575,000.00. On October 15, 2026, Executive Vice President Christopher James Nicholas sold 2,900 shares at an average price of $120.60, valued at $349,751.31. On the same day, President and CEO John R. Furner sold 13,125 shares at an average price of $120.60, generating $1,582,901.25.

Analysts Set New Price Targets

Wall Street firms have regularly updated their views on the discount store operator leading up to October. DA Davidson maintained a buy rating with a $132.00 target on September 10, 2026. BTIG reiterated its buy rating with a $140.00 target on September 10, 2026. Mizuho maintained an Outperform rating while lowering its target from $130.00 to $125.00 on September 29, 2026. Deutsche Bank upgraded the stock to a Buy rating and raised its target from $113.00 to $136.00 on October 15, 2026. Across the broader analyst community, the stock holds a consensus recommendation of buy with a mean price target of $127.35 based on 40 analyst opinions.

About Walmart Inc.

Walmart Inc. operates retail and wholesale stores, membership warehouse clubs, ecommerce websites, and mobile applications around the globe. The company runs its operations through three main segments: Walmart U.S., Walmart International, and Sam's Club U.S., serving millions of shoppers daily with groceries, electronics, and general merchandise.

Bottom Line

Investors will look toward the upcoming earnings release on November 19, 2026, for fresh updates on retail demand and profit margins. Market watchers will also track whether the share price closes the gap toward Evercore ISI Group's updated $130.00 price target in the weeks ahead.