NEW YORK, July 6, 2026, 17:01 EDT
- Walmart closed down 1.06% at $110.65 and fell to $110.23 after hours by 5:01 p.m. EDT, while the S&P 500 and Nasdaq Composite rose.
- Volume was 28.88 million shares, 36% above the 65-day average.
- The stock now trades about 13% below the $127.10 level cited when Walmart first topped $1 trillion in market value in February.
- Street targets near $139-$140 imply more than 25% upside, but Q2 EPS guidance sits at $0.72-$0.74.
Walmart Inc NASDAQ:WMT fell 1.06% to $110.65 on Monday, then traded at $110.23 after hours at 5:01 p.m. EDT, down 0.38% from the close. Volume ran at 28.88 million shares, 136% of its 65-day average, and the stock stayed below its 52-week high of $135.16. The S&P 500 rose 0.7%, the Nasdaq Composite gained 1.1%, and the Dow added 155.84 points to 53,055.91.
The stock was already weak before a Reuters report after the bell that President Donald Trump said Walmart had agreed to lower prices on many products after an administration request tied to the country’s 250th anniversary. Trump said Walmart would cut the price of a pound of ground beef by “almost” 15%. Reuters
That puts a fresh price-cut question on a stock already trading below its peak valuation. Walmart became the first retailer to reach a $1 trillion market value in February, when Reuters cited the shares at $127.10 in afternoon trade. Monday’s MarketWatch data put the market cap at $890.03 billion, roughly $110 billion below that threshold.
| Forecast measure | Latest figure | Implied move from $110.65 close |
|---|---|---|
| StockAnalysis 12-month average target, 43 analysts | $138.59 | +25.3% |
| MarketWatch average target, 45 ratings | $140.45 | +26.9% |
| MarketWatch median target | $140.00 | +26.5% |
| MarketWatch low target | $120.00 | +8.4% |
| MarketWatch high target | $155.00 | +40.1% |
StockAnalysis lists Walmart at a “Buy” consensus with an average 12-month target of $138.59. MarketWatch’s analyst snapshot shows an “Overweight” average recommendation, 45 ratings and an average target of $140.45, with a $120 low and $155 high. StockAnalysis
The target gap is not the same as a cheap stock. At Monday’s close, Walmart trades at about 38.2 times MarketWatch’s current-year EPS estimate of $2.90 and 33.7 times its next-fiscal-year estimate of $3.28. That multiple leaves little room if price cuts bring traffic but slow operating-income growth.
| Operating forecast | Walmart guidance / Street snapshot | Investor read-through |
|---|---|---|
| Q2 FY27 net sales growth | +4% to +5% constant currency | Below the 5.09% LSEG estimate cited by Reuters in May |
| Q2 FY27 adjusted operating income growth | +7% to +10% constant currency | Margin lift is built into the guide |
| Q2 FY27 adjusted EPS | $0.72 to $0.74 | Top end matches MarketWatch’s current-quarter estimate of $0.74 |
| Current-year EPS estimate | $2.90 | About 38.2x Monday close |
| Next-year EPS estimate | $3.28 | About 33.7x Monday close |
Walmart’s latest company guidance called for second-quarter net sales to rise 4% to 5% in constant currency, adjusted operating income to rise 7% to 10% and adjusted EPS of $0.72 to $0.74. In May, Reuters said the EPS guide compared with LSEG expectations of $0.75 and net-sales growth expectations of 5.09%.
First-quarter revenue was $177.8 billion, up 7.3%, and global e-commerce grew 26%, the company said. U.S. comparable sales rose 4.1%. Operating income rose 5.0% but was hurt by higher fuel costs in distribution and fulfillment. John Furner, Walmart’s president and chief executive, said the quarter showed “better shopping experiences” and growth in “higher-margin commerce solutions.” SEC
Bryan Hayes, stock strategist at Zacks Investment Research, told Reuters in May that an affirmed full-year outlook “was not enough” after Walmart had traded near multi-year highs. Hayes also said Walmart was taking “real traffic share” rather than just riding price inflation. Walmart Chief Financial Officer John David Rainey said the retailer was “not immune” to economic pressure, and Furner said U.S. consumers were “feeling some pressure.” Reuters
The pricing issue also lands in a back-to-school season that has started early. Reuters reported Monday that retailers have moved promotions earlier as families face higher food and gas bills. PwC expects average back-to-school spending of about $922 this year, up 47% from 2025, while Jeffrey Degner, a research fellow at the American Institute for Economic Research, said August and September would be a “lower-margin timeframe” for retailers. Reuters
Walmart’s Nasdaq status adds another wrinkle. Reuters reported in February that Walmart had been added to the Nasdaq-100 after shifting its listing, but Monday’s tape was led by AI and chip shares, not defensive retail. For WMT holders, the near-term test is whether any new price cuts lift volume enough to protect the operating-income growth forecast.
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