Overview
- On Wednesday Bank of America reiterated a Buy rating and cut its price target to $144 while calling the recent post-earnings selloff a buying opportunity with roughly 18.7% upside from the cited price.
- Walmart raised full-year net‑sales guidance to the high end of its 3.5%–4.5% range after a strong quarter in which revenue rose about 7.3% and global e-commerce grew roughly 26%.
- Shares fell about 8.1% after the earnings release and were trading in the roughly $118–$121 range as investors reacted to the guidance and cost headlines.
- Management warned of about $1 billion in incremental freight and fuel expenses for the year, which Bank of America flagged as the main near-term risk while noting Walmart’s prior playbook of absorbing similar headwinds.
- BofA pointed to rapid marketplace growth, membership, advertising, and fulfillment as durable higher‑margin offsets and left fiscal 2027–2028 EPS forecasts intact even as Street consensus sits near the mid‑$130s.