Walmart (WMT) raises price target from RBC Capital to $103

Walmart Inc. (NYSE: WMT) is one of them Best stocks to buy. On June 9th, RBC Capital maintained Walmart’s outperform rating, increasing its target price from $102 to $103. The update comes after the company participated in Walmart’s Annual Associates & Shareholders Week in northwest Arkansas.

At the event, Walmart’s leadership tone coincided with impressions from the first quarter revenue call in mid-May. RBC analyst Steven Shemesh observed the uniformity of Walmart’s messages and insights from five key data points during the event.

The RBC revised Walmart’s financial model to show the current foreign exchange rate, but the rest of the models remained unchanged. In the future, RBC Capital forecasts consistent growth in Walmart’s net sales, with a 4.3% increase in 2025 and a 5% increase in 2026. These estimates predict growth of 4% and 5% in 2025 and 2026, respectively.

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The RBC expectations for adjusted EPS are also slightly higher than the consensus estimate. The company expects a adjusted EPS of $2.64 in 2025 and $3.02 in 2026, compared to consensus figures of $2.60 and $2.92 respectively.

The $103 target price is derived from the company’s 2026 adjusted EPS $3.02, about 34 times, up from the previous estimated $3.01. The slightest change in target price represents the RBC’s conviction for Walmart’s financial performance and potential growth over the next few years.

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