Walmart Stock Near Record High After Earnings Beat, Nasdaq Switch and AI Push: Is WMT Still a Buy?
Walmart stock hit a record high of $110.70 on Black Friday, following strong Q3 results and a move to Nasdaq. Fiscal Q3 revenue rose 5.8% to $179.5 billion, with U.S. e-commerce up 28% and global ad revenue up 53%. Shares have more than doubled in three years, outpacing the S&P 500. Walmart’s P/E ratio now stands near 41, above its 10-year median.