As Walmart (WMT) maintains its 2024 market surge, its stock shares have again reached a new all-time peak. On Tuesday, November 19, the company will release its third-quarter monetary 2025 earnings. In advance of WMT's next earnings findings, the majority of companies have increased their stock projections because they are optimistic about the retailer.
Analysts' Anticipation Of WMT Earnings
Price forecasts have been increasing since the report, and Walmart is anticipated to hit even higher highs. Robert F. Ohmes, an analyst at BofA Securities, is an especially upbeat expert who believes that WMT will rise after a strong Q3 report.
Given that Walmart sales have accelerated according to Bloomberg Second Measure debit and credit card data, the analyst indicates a possible upside for the quarter. According to Ohmes, the third-quarter comps should reflect positive year-over-year agreements. These will be fueled by food products and health/wellness strengths.
Walmart Bull Cases
Walmart is one of the most well-known brands in the USA. Indeed, it is impossible to undervalue the retailer's control. They have used that leverage to set record-high prices for stocks in 2024, guaranteeing that WMT will be among the year's largest gainers. According to Ohmes, Walmart's enhanced express delivery capacity, enlarged online SKU picking, and store renovations are all boosting purchases and unit expansion. Additionally, Morgan Stanley and other firms predict a "modest upside" for the third and fourth quarters of 2024.
Furthermore, several investment firms have increased their holdings in Walmart stock, indicating increased investor trust. Principle Financial Group acquired over 809,000 shares of WMT in Q3. Additionally, it strengthened its position, now owning over 6.2 million shares of Walmart stock.
WMT Institutional Stake
Liberty Wealth Management, an investment firm, has increased its stake in Walmart stock. They purchased more than $270,000 worth of Walmart shares in the initial quarter. Commerce Bank also increased its current holdings by 600,000 shares, which are worth over $55.2 million. Additionally, the AIA Group Ltd. increased its stake and assets in WMT. In particular, it raised its ownership by fifty percent during the third quarter.
Walmart's web traffic information also suggests excellent third-quarter results, which are in line with optimistic analyst estimates.
Walmart Stock Forecast Technical Analysis
In the daily chart of WMT stock price, the ongoing market momentum is bullish, initiated from the December 2023 bottom. The price reached a record high with no sufficient downside recovery. As a result, investors might expect a bullish continuation until exhaustion appears at the top.
In the main price chart, the 200-day Simple Moving Average is working as a major support with a bullish slope from the high volume level. The near-term support of 50-day EMA is also below the current price and working as an immediate support.
Based on the daily outlook of WMT, investors should monitor how the Walmart stock price holds the momentum above the 81.25 level. Any immediate selling pressure below the 81.00 level could initiate a downside recovery to the 72.56 support level.
On the other hand, an upbeat earnings report with a bullish recovery from the 82.00 to 78.00 zone might resume the trend towards the 100.00 area.
