UBS raises Walmart price target to $149 and keeps Buy rating
UBS lifted its price target for Walmart Inc. to $149 from $130 while maintaining a Buy rating. The broker expects U.S. comparable sales to grow 2‑3% in the third quarter and forecasts an extra $650 million in freight costs. UBS also projects a 16‑basis‑point year‑on‑year decline in gross margin and anticipates earnings estimates could be raised by $0.03‑$0.05, potentially prompting an EPS guidance increase to $2.80‑$2.87.
Why it matters
UBS’s higher target and earnings outlook could lift investor expectations for Walmart’s profitability and may lead to a modest share‑price rally. The guidance shift also signals potential upside for analysts’ earnings models.
Key facts
- 1UBS raised its price target for Walmart to $149 from $130. finance.yahoo.com
- 2UBS kept its Buy rating on Walmart. tradingview.com
- 3UBS expects U.S. comparable sales growth of 2% to 3% in the quarter. finance.yahoo.com
- 4UBS estimates additional freight expenses of $650 million for the quarter. finance.yahoo.com
- 5UBS forecasts a 16‑basis‑point year‑on‑year change in gross margin as a proportion of net sales. finance.yahoo.com
- 6UBS expects analysts to raise earnings estimates by $0.03 to $0.05, possibly increasing EPS guidance to $2.80‑$2.87. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.