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Walmart stock has recovered from post-graduate dipping sauce, which is higher this week. Some analysts say it may rise further.
Bank of America maintains its bullish target, saying retailers are in a good position to drive turbulent environments.
Deutsche proposed a second-quarter and full-year forecast for Walmart, believing that the company has a scale to maintain price competitiveness.
Walmart (WMT) Stocks recovered from postgraduate dipping sauce, higher this week. Some analysts say it may rise further.
Bank of America reiterated its "buy" rating and a target of $120, which released its first-quarter earnings on Thursday. Walmart shares fell about 5% that morning as executives said higher tariffs could endanger profits for the next year. The stock rose about 2% on Friday, ending a week of revenue.
The company said it plans to start raising prices this month under tariffs, but hopes to limit the increase in grocery aisles. Bank of America says competitive pricing is part of Walmart’s job, which has been attracting senior staff.
"As stock earnings continue, we reiterate our buying (Walmart) … with its strong value and digital convenience resonance, supporting (Walmart) the ability to get previous guidance."
Bank of America owns a Wall Street top target ($120) in Walmart stock. It can be seen that the average price target among analysts surveyed by Alpha has dropped by 8% to $110.79.
Walmart is happy with the full-year forecast of 3% to 4% of sales, but CFO John David Rainey said that if the larger tariffs are restored, annual revenue growth may not be achieved.
Some analysts are more certain about the company's outlook: Deutsche Bank raised its forecast for its second-quarter and full-year forecasts in a note issued Thursday, and boosted U.S. sales growth in a note issued in the U.S., which gave Walmart a "buy" rating. Its stock price target is $109.
"We think the (Walmart) Bulls paper is still intact, with its competitive moat extension, including very large price gaps," Deutsche said.
Retail analysts will now turn their attention to goals (TGT), which was originally scheduled to report its earnings on Wednesday.
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