• BofA believes share gains will accelerate with a price-conscious consumer, which "should drive a return to a beat/raise cycle assuming the freight environment doesn't worsen."
• For the first quarter, Walmart reported net sales of $177.8 billion and adjusted earnings per share (EPS) of $0.66.
• For fiscal 2027, the retailer continued to expect EPS in the range of $2.75 to $2.85.

JPMorgan on Friday added Walmart (WMT) to its “Analyst Focus List” as a growth idea, and stated that the post-earnings share selloff is a buying opportunity.

According to TheFly, the firm expects the shares to "recover and get back to its grind higher" as market prices in the company’s future earnings power over time.

Shares of Walmart (WMT) edged up on Friday morning after clocking more than 7% decline in the last trading session, which marked its worst day in thirteen months, in reaction to the company’s first-quarter results. 

JPMorgan believes that the company’s share gains and the alternate profit pool "flywheel" have accelerated. The firm kept its ‘Overweight’ rating with a $137 price target, which implies an upside potential of nearly 5% from Thursday’s closing price.

BofA Cuts Its Price Target On WMT

Bank of America noted the challenging consumer backdrop for Walmart during the first quarter (Q1), which led the firm to lower its multiple, per TheFly.

BofA believes share gains will accelerate with a price-conscious consumer, which "should drive a return to a beat/raise cycle assuming the freight environment doesn't worsen." The firm maintained a ‘Buy’ rating but cut the price target to $144 from $150.

WMT Q1 At A Glance

The company’s net sales were $177.8 billion for the first quarter, ahead of the $174.8 billion consensus, while adjusted earnings per share (EPS) of $0.66 matched the estimates.

For fiscal 2027, the retailer continued to expect EPS in the range of $2.75 to $2.85, lower than the consensus estimate of $2.92.

What Retail Thinks About WMT

On Stocktwits, retail sentiment about WMT remained ‘extremely bullish’ over the last 24 hours.

Wall Street is also largely bullish on the stock, with 39 of the 44 analysts rating it a ‘Buy’ or higher, four rating it ‘Hold,’ and 1 rating it ‘Sell,’ according to Koyfin data.

WMT stock is up nearly 9% so far this year and 26% over the past 12 months.

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