Wall Street Sees Walmart as a Buying Opportunity Amid Steep Decline

Walmart (WMT) shares plummeted nearly 10% on August 20 following its fiscal second-quarter earnings, marking the steepest single-session decline in close to five years.

The retail giant exceeded earnings per share projections ($0.81 versus $0.74 expected) and increased its fiscal 2027 outlook.

BTIG Research maintained its 'Buy' recommendation with a $140 target price, suggesting approximately 32% potential upside from the $105.83 level.

Wall Street consensus stands at 'Moderate Buy' with an average target of $131.88 among 39 covering analysts.