Walmart Stock (WMT) on December 10, 2025: Nasdaq Debut, Holiday Delivery Push and What Analysts Expect for 2026

Key Takeaways

Walmart stock is trading around $115 per share on December 10, 2025, near its 52‑week high after moving its listing from the NYSE to the Nasdaq on December 9. ^[1]
The Nasdaq switch is part of a broader strategy to rebrand Walmart as a tech‑forward, AI‑driven retailer, aligning it with other technology-heavy names and potentially broadening its investor base. ^[2]
Holiday trading momentum looks strong: Walmart reports record-fast Black Friday and Cyber Monday fulfillment and has extended one‑hour Express Delivery orders on Christmas Eve to 5 p.m. local time. ^[3]
Q3 FY26 earnings showed healthy growth, with U.S. comparable sales up 4.5%, e‑commerce up about 28%, and full‑year sales and earnings guidance raised ahead of the holiday season. ^[4]
Wall Street remains broadly bullish: most major analyst aggregators rate Walmart as a Buy/Strong Buy with 12‑month price targets clustered around $118–$123 and highs up to $136 per share. ^[5]

1. Walmart Stock Snapshot on December 10, 2025

As of the latest trade on December 10, 2025, Walmart Inc. (Nasdaq: WMT) is changing hands at about $115.06 per share, up roughly 1.3% from the prior close.

Over the past 12 months, Walmart shares have gained a little over 20%, with a 52‑week range of roughly $79.8 to $116.3, placing today’s price close to the top of that band. ^[6]

For investors, that means:

The stock is no longer the deep‑value big-box it once was;
Much of the near‑term good news is at least partially reflected in the price;
Any additional upside is increasingly tied to execution on technology, margins and long‑term growth, not just defensive “staples” demand.

2. Nasdaq Debut: A Symbolic Shift Toward Tech‑Forward Retail

On December 9, 2025, Walmart officially completed its transfer of common stock and bonds from the New York Stock Exchange to the Nasdaq, trading under the ticker WMT. ^[7]

A number of commentaries and corporate statements frame the move as much more than a change of venue:

The company explicitly highlighted brand alignment and a shared focus on technology‑driven innovation as key reasons for the switch. ^[8]
Market commentators note that Nasdaq is home to many of the world’s most innovative companies, and that moving there reinforces Walmart’s narrative as an AI‑ and automation‑powered retailer, not just a low‑price grocer. ^[9]

The completed transfer also opens the door to potential inclusion in Nasdaq‑linked indices, which could bring incremental passive and quant fund flows into WMT over time.

For shareholders, the listing change itself doesn’t alter fundamentals—but it underscores how Walmart wants to be valued: closer to a hybrid retail‑tech platform than a traditional consumer‑staples chain.

3. Holiday 2025: Delivery Race and Last‑Minute Shoppers

Walmart is using this holiday season to showcase exactly that tech‑driven positioning.

Record Black Friday and Cyber Monday

In a December 2 corporate update, Walmart reported that during the period November 25 – December 1, it saw consistently strong sales growth led by digital channels. Shoppers flocked to electronics, toys, fashion, home, and marketplace items, while: ^[10]

Orders delivered from stores on Black Friday jumped 57% versus last year;
Orders arriving in under three hours increased 44% year over year;
The fastest Black Friday delivery—of a steam mop in Utah—took just 10 minutes from order to doorstep.

This is a clear signal that Walmart’s store‑fulfilled, fast‑delivery model is scaling and resonating with customers.

Christmas Eve Express Delivery Extension

On December 9, Walmart announced that it is pushing its Express Delivery cutoff on Christmas Eve to 5 p.m. local time, allowing one‑hour delivery for last‑minute gift and grocery orders right up to the evening. ^[11]

Key operational highlights from that announcement:

Walmart can now reach about 95% of U.S. households in three hours or less. ^[12]
Express Delivery usage is 2.5× higher in December than during the rest of the year. ^[13]
A new “Get it Now” feature in the Walmart app shows real‑time delivery estimates and enables one‑tap ordering for ultrafast fulfillment. ^[14]

In short, Walmart is using its dense store network plus AI‑driven logistics to turn same‑day and even one‑hour delivery into a mainstream habit—not just a niche premium service.

4. Q3 FY26 Earnings: E‑Commerce and Higher‑Income Shoppers Drive Growth

The most recent reported quarter (Q3 FY26, quarter ended October 31, 2025) set the stage for today’s market optimism.

According to Walmart and Reuters coverage of the earnings release: ^[15]

U.S. comparable sales grew 4.5%, beating consensus expectations of 3.8%.
Total revenue rose 5.8% to $179.5 billion, ahead of analyst forecasts.
Online sales climbed about 28%, led by groceries and delivery.
The company lifted its full‑year net sales growth target to 4.8%–5.1% (from 3.75%–4.75%) and raised its adjusted EPS outlook to $2.58–$2.63 per share.

Management pointed out that:

Wealthier households are increasingly shopping at Walmart, using the retailer for both essentials and discretionary items. ^[16]
“Expedited deliveries” under three hours rose about 70% in the quarter, underlining the traction of Walmart’s fast‑delivery offering. ^[17]

At the same time, Walmart’s CFO has flagged ongoing pressure on lower‑income consumers, who are more exposed to inflation and a cooling job market—one of the key macro risks for the stock going into 2026. ^[18]

5. Automation, AI and a New Milk Plant: Building a Smarter Supply Chain

Scaling Automation Across Distribution and Fulfillment

Walmart’s investment case in late 2025 increasingly revolves around margin expansion and efficiency gains from automation and AI.

In its Q3 update and related coverage, Walmart disclosed that: ^[19]

More than 60% of U.S. stores now receive at least some freight from automated distribution centers;
Over half of e‑commerce fulfillment center volume moves through automated systems;
These automated facilities are roughly twice as productive as legacy fulfillment centers, according to Walmart’s e‑commerce leadership;
Increased automation has contributed to shipping costs falling in the “30% range” over several quarters, with further double‑digit improvements in the latest quarter.

Walmart’s own supply‑chain playbook highlights how agentic AI, self‑healing inventory, and predictive routing are being rolled out globally, from Costa Rica and Mexico to Canada, to reroute stock, cut waste, and ensure fresher deliveries. ^[20]

Ambient IoT and Real‑Time Inventory Visibility

In October, Walmart also announced a major investment in ambient IoT sensors from Wiliot, describing it as one of the largest deployments of this technology in retail: ^[21]

Millions of battery‑free sensors will track pallets and products in about 500 locations by year‑end 2025, with a rollout to 4,600+ stores and more than 40 distribution centers targeted by 2026.
The sensors feed data on location, temperature, humidity and dwell time into Walmart’s AI systems, enabling “precision decision‑making” on replenishment and cold-chain compliance.

This level of granular data is designed to reduce spoilage, prevent out‑of‑stocks, and free up associates from manual checks—supporting both customer experience and operating margins.

Vertical Integration: A $350 Million Milk Plant

On December 2, Walmart also opened its second owned and operated milk processing facility in Valdosta, Georgia: ^[22]

The 300,000‑plus square‑foot plant represents about a $350 million investment;
It will create more than 400 new jobs;
The facility sources milk directly from local dairy farmers and will supply over 650 Walmart stores and Sam’s Club locations across the U.S. Southeast.

The plant is part of a broader trend of vertical integration (including meat processing facilities) aimed at improving product quality, reducing supply‑chain volatility and keeping food prices competitive. For investors, moves like this hint at long‑term margin and resilience benefits, albeit with upfront capital expenditure.

6. Leadership Transition: John Furner to Take the Helm in 2026

Leadership is another key storyline woven into Walmart’s stock narrative.

In November, Walmart confirmed that long‑time CEO Doug McMillon will step down as President and CEO, effective January 31, 2026, remaining on the board for a transitional period. John Furner, currently President and CEO of Walmart U.S., is set to become CEO on February 1, 2026. ^[23]

Coverage of the transition emphasizes:

Furner’s track record in digital innovation, merchandising and store operations;
The intent to continue Walmart’s AI‑ and automation‑driven transformation of its supply chain and customer experience; ^[24]
Management’s view that Walmart is now firmly a “tech‑enabled” retailer, not just a brick‑and‑mortar chain.

For shareholders, this is billed as evolution rather than revolution—a change in leadership style, but not in strategic direction.

7. How Wall Street Sees Walmart Stock Now

Across major data providers, analyst sentiment toward WMT remains broadly positive as of December 10, 2025.

Consensus Ratings and Price Targets

MarketBeat:
- Consensus rating: “Moderate Buy” based on 32 analysts (31 Buy, 1 Hold);
- Average 12‑month target price: $119.31, implying about 3.7% upside from ~$115;
- Target range: $91 (low) to $130 (high). ^[25]
StockAnalysis:
- Consensus rating: “Strong Buy” from 30 analysts;
- Average target: $118.33, about 2.8% above current levels, with the same $91–$130 range. ^[26]
TipRanks:
- Rating: “Strong Buy”, based on 26 Buy ratings;
- Consensus target: $122.52, implying roughly 7.3% upside;
- Highest target cited: $136 per share. ^[27]

In other words, most professional analysts see modest but positive upside over the next year rather than a deeply undervalued bargain.

Recent Target Upgrades

Several firms have nudged their targets higher in recent weeks:

Evercore ISI: Outperform; price target raised from $115 to $117 on December 9. ^[28]
Tigress Financial: Strong Buy; target lifted from $125 to $130 on December 3. ^[29]
BTIG, BMO, Telsey, KeyBanc: All raised targets in late November to the $120–$130 range, maintaining Buy/Outperform ratings. ^[30]
TD Cowen: Recently boosted its target from $125 to $136, one of the highest on the Street. ^[31]

Taken together, these actions reflect ongoing confidence in Walmart’s earnings power, holiday execution and tech‑driven strategy, even after a strong year for the stock.

8. Diverging Views on Valuation

While Wall Street is broadly constructive, not everyone agrees that WMT is cheap at today’s levels.

A recent community valuation snapshot from Simply Wall St shows fair‑value estimates between about $91 and $118 per share among retail investors—indicating a wide spread of opinions and, in some cases, suggesting limited upside from current prices. ^[32]
One AI‑driven analysis on AInvest pegs Walmart’s intrinsic value near $112.95 per share based on a discounted cash‑flow model, slightly below the current market price, while noting that its P/E multiple in the high‑30s to low‑40s reflects expectations more typical of high‑growth tech stocks than traditional retailers. ^[33]

Financial media have also questioned whether Walmart’s “tech premium” is fully justified, juxtaposing its supermarkets and milk plants with its high‑flying AI ambitions. The overall takeaway: the growth story is compelling, but much of that optimism is already embedded in the valuation.

9. Long‑Term Narratives and Independent Analyses

Beyond 12‑month targets, several long‑form analyses consider where Walmart might be in five years:

A recent Motley Fool piece (summarized via SwingTradeBot) argues that Walmart “has all the tools needed to be a market‑beater over the next half‑decade,” citing its scale, omnichannel strategy and technology investments. ^[34]
Other commentary frames Walmart as a “retail‑plus‑platform” business, with higher‑margin revenue streams such as advertising (Walmart Connect) and membership (Walmart+) gradually becoming more important to the investment case. ^[35]

At the same time, more cautious voices highlight:

The risk that consumer weakness, particularly among lower‑income shoppers, could pressure discretionary sales; ^[36]
Intense competition from Amazon, Target, Costco and dollar stores across categories; ^[37]
The possibility that high expectations for AI and automation take longer to translate into earnings than the market currently assumes. ^[38]

10. What to Watch Next if You Follow WMT

For readers tracking Walmart stock as of December 10, 2025, several catalysts and themes will likely shape performance into 2026:

Holiday 2025 Results
- How do actual Q4 numbers stack up against Walmart’s upbeat tone on early holiday sales and its aggressive Express Delivery expansion? ^[39]
Margin Trends and Automation Payoff
- Do shipping costs and SG&A continue to improve as automation and IoT deployments scale, or does capex and complexity weigh on margins? ^[40]
Nasdaq Era and Potential Index Effects
- Any announcement of index rebalancing or fund flows related to the Nasdaq transfer could affect trading dynamics, especially if WMT joins major Nasdaq indices. ^[41]
CEO Transition in Early 2026
- Investors will watch incoming CEO John Furner’s first comments on strategy and capital allocation, looking for continuity on AI, automation and omnichannel initiatives. ^[42]
Macro Backdrop: Rates, Inflation and the Low‑Income Consumer
- With Walmart’s lower‑income base still under pressure, any change in inflation, employment or interest‑rate policy could meaningfully shift traffic and ticket trends. ^[43]

Bottom Line

On December 10, 2025, Walmart stock sits near all‑time highs, freshly listed on the Nasdaq and backed by:

solid Q3 results,
strong early holiday demand, and
a credible, well‑funded strategy built around AI, automation and ultrafast delivery.

Most analysts see moderate upside from here, not a deep discount—suggesting that future returns will depend less on defensive “big‑box” stability and more on whether Walmart continues to execute like a tech company at global scale.