$WMT

最新ニュース Walmart (NYSE:WMT) 株価情報

Walmart

Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 stores globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the company's top line. Internationally, Walmart generated $115 billion in sales. The retailer serves around 240 million customers globally each week.

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Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) released their September quarter results just a day apart. Target&#8217;s management highlighted that its customers were most active during sales and promotional events, while Walmart&#8217;s leadership attributed 75% of its market share growth to households earning six-figure incomes.
Target&#8217;s executive vice president and chief commercial officer company Rick Gomez said that their consumers &#8220;know there are deals to be found, they&#8217;re willing to wait for sales and willing to search across multiple retailers.&#8221; While the latter&#8217;s chief executive officer, Doug McMillon attributed <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains">75% of their market share gains</a> to "households earning more than $100,000."
Also read: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains">Walmart Market Share Surges As Six-Figure Income Households Drive 75% Of Growth In Q3: &#8216;People Come To Us To Shop As A Primary Destination&#8217;</a>
What Happened: Gomez highlighted that Target&#8217;s consumers were looking for promotions with an example. &#8220;Our Target Circle week this quarter was one of our biggest yet. However, we saw a more pronounced sales dip both the week before and the week after the event, showing just how planful consumers are in seeking out promotions when they shop.&#8221;
&#8220;Similarly, we saw consumers lean into everyday essential stock-up promotions throughout the quarter to further stretch their monthly budgets. We saw a strong reaction to promotions throughout the quarter,&#8221; he added.
On the flip side, John David Rainey the chief financial officer of Walmart re-affirmed his CEO&#8217;s view and said, &#8220;we're seeing higher engagement across income cohorts with upper-income households continuing to account for the majority of our share gains.&#8221;
Why It Matters: Shares of Target Corporation plunged by 21.41% to close at $121.72 apiece, on Wednesday, as compared to a 0.16% advance in the NYSE Composite Index. <a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">Target&#8217;s third-quarter</a> adjusted earnings per share of $1.85, missed the street view of $2.30. Quarterly total revenue of $25.67 billion (+1.1% year over year) missed the analyst consensus estimate of $25.90 billion.
Brian Cornell, chair and chief executive officer of Target said, "We encountered some unique challenges and cost pressures that impacted our bottom-line performance.&#8221; The third-quarter gross margin rate decreased by 0.2 percentage points to 27.2%.
Also read: <a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">Target Q3 Earnings: Supply Chain Chaos Hits Bottomline, Slashes Annual Profit Outlook, Stock Tanks</a>
On Tuesday, <a href="https://www.benzinga.com/pressreleases/24/11/b42058916/walmart-reports-strong-revenue-growth-of-5-5-with-operating-income-growing-faster-at-8-2">Walmart&#8217;s third-quarter results</a> beat estimates and the fiscal 2025 guidance was raised. Its shares rose 3% on Tuesday, while it was further up by 0.67% to $87.18 apiece as per Wednesday&#8217;s close.
Walmart&#8217;s ales were at $169.59 billion, up 5.5% year over year or 6.2% (at constant currency), beating the consensus of $167.72 billion. The gross margin rate was up 21 bps to 24.2% aided by improvement in the Walmart U.S. Operating income was up by $0.5 billion or 8.2% year over year at $6.7 billion.
Price Action: On a year-to-date basis, Walmart has surged by 64.19%, while Target is down by 14.94%, according to <a href="http://pro.benzinga.com">Benzinga Pro</a> data. The NYSE Composite Index was up 17.26% in the same period. In Thursday&#8217;s premarket, TGT shares were up 0.5%. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="272" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-1024x272.png" alt="" class="wp-image-658433" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-1024x272.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-300x80.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-768x204.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-1536x408.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT.png 1741w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read next: <a href="https://www.benzinga.com/24/11/42103600/us-dollar-may-test-10860-level-as-geopolitical-tensions-cautious-fed-rhetoric-and-solid-us-economic-data-may-push-the-greenback-higher-says-expert">Dollar Upside On The Cards Amid Geopolitical Tensions, Cautious Fed And Solid US Economic Data, Says Expert</a>
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Target Says Shoppers Wait For 'Deals' A Day After Rival Walmart Credits Market Gains To Wealthy Households: TGT Edges Up Marginally In Thursday Premarket

Up until earlier Wednesday morning, bullish investors had every reason for fueled optimism. Yesterday, big-box retailing giant Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) delivered strong third-quarter results, posting<a href="https://www.benzinga.com/24/11/42060801/walmart-tops-q3-estimates-ecommerce-growth-shines-with-27-lifts-full-year-forecast"> adjusted earnings per share of 58 cents</a>. This easily eclipsed analysts'<a href="https://www.benzinga.com/calendars/earnings"> consensus view of 53 cents</a>. In addition, revenue hit $169.59 billion, up 5.5% on a year-over-year basis or up 6.2% on a constant-currency basis. This print also beat analysts' estimate of $167.72 billion.
Notably, as Benzinga editor Lekha Gupta pointed out, "Global eCommerce sales rose 27%, driven by store-fulfilled pickup and delivery as well as marketplace growth. Global advertising business grew 28%, including 26% for Walmart Connect in the U.S." As well, the retailer has attracted a growing shopper base of<a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains"> households earning a six-figure income</a>.
Walmart CEO Doug McMillon stated that, "People come to us to shop as a primary destination in many instances and then they give us feedback across categories. And if you look at our offer in food and consumables, our shares are pretty high and consistent relative to some of the things we see in general merchandise."
Unfortunately, not every economic bellwether points in an encouraging direction. While investors celebrated the implied holiday cheer of Walmart's results, they got a reality check with rival Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>). During the midweek session's premarket hours, TGT stock stumbled due to a glaring<a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks"> earnings miss</a>.
The brick-and-mortar behemoth reported adjusted Q3 EPS of $1.85, falling well short of the consensus view of $2.30. In addition, while total revenue for the quarter reached $25.67 billion — representing a 1.1% lift from the year-go period — this figure missed the expectation of $25.90 billion.
Finally, what helped drive investors to the exits was the reduced outlook for the current fiscal year. Management is now forecasting adjusted EPS to land between $8.30 and $8.90, down from the<a href="https://www.benzinga.com/node/40480867"> previous guidance of $9 to $9.70</a>. The revised guidance is also below the consensus estimate of $9.55.
The Direxion ETFs: Although the split sentiments may be confusing Wall Street, this dynamic presents a compelling showcase for Direxion's leveraged exchange-traded funds. For those who remain optimistic, investors may consider acquiring units of Direxion Daily S&amp;P 500 Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXL#NYSE">SPXL</a>). On the other hand, speculators who feel that a turn for the worst may be imminent may look at Direxion Daily S&amp;P 500 Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXS#NYSE">SPXS</a>).
Per the financial service provider's website, the SPXL and SPXS funds seek the daily investment results (before fees and expenses) of 300% (or an inverse 300% in the case of SPXS) of the performance of the S&amp;P 500 index. It's important to note, though, that investors must not hold these leveraged funds for periods greater than one day. Doing so may result in value erosion due to the daily compounding of leveraged returns.
The SPXL ETF: Predictably, the SPXL fund has been a strong performer, gaining almost 69% since the beginning of January. However, it's also possible that some cracks may be forming in the armor.
<ul>
<li>While the SPXL is above its 50-day and 200-day moving averages, it has recently been straddling its 20-day exponential moving average, indicating near-term challenges.</li>
<li>Although the SPXL has been on a blistering run, there are signs of a slowdown. In the past six months, the ETF gained just over 26%. In the past month, it has moved up less than 1%.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdebd4FcBayrcwuduihEVsyZO79aile1bGCkx3qeOmWSQSTNHot3E0oNiWaN7tZ75WxO5ZIXqyX0qJVjgucKNaRM6uXxoEtUYWtK_OkkYWbkJHCbzPVn-K43L1ZK_y1eIa0JTlb_Q?key=_kQTGEFKUN6FuKd64aaRNp76" alt="" /></figure>
The SPXS ETF: On the other end of the spectrum, SPXS has struggled under the weight of the S&amp;P 500 bull market, losing nearly 47% since the start of the year. Still, a bounce back may be on the horizon.
<ul>
<li>At the moment, SPXS is below the 20 EMA, 50 DMA and 200 DMA. However, recent momentum implies a turnaround is possible.</li>
<li>Since mid-October, a discernible increase in acquisitive volume is evident, suggesting greater confidence in the bearish thesis.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdD98lhgkOWTyzf2WA5YZyBQz14PcPfcSxbnFshV36Do49R4Yoabf6x5cgm1ZEMAxVqCmpgchGuUHpa3r0eQ0XvCu9CfHYyl2AJUb5ihwYVYpCW-v5CnBRiji1_5mkspAh_p709Gg?key=_kQTGEFKUN6FuKd64aaRNp76" alt="" /></figure>
Featured photo by <a href="https://pixabay.com/users/fietzfotos-6795508/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=6607631">Albrecht Fietz</a> from <a href="https://pixabay.com/es/photos/bosque-rastro-6607631/">Pixabay</a>.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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Split Sentiments May Drive Huge Interest In Direxion's SPXL And SPXS Leveraged ETFs

Here are some key takeaways from analyst coverage of Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) after the retailer reported <a href="https://www.benzinga.com/24/11/42070321/walmarts-q3-triumph-analyst-sees-structural-gains-fueling-future-growth">upbeat third-quarter sales</a>.
<ul>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58580bcbee7bf60001bcfa29/kate-mcshane">analyst Kate McShane</a> maintained a Buy rating, while raising the price target from $81 to $93.</li>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59493ca670ed7a0001097213/scot-ciccarelli">analyst Scot Ciccarelli</a> reiterated a Buy rating, while lifting the price target from $89 to $98.</li>
<li>Telsey Advisory Group <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e301e08430dee0001c88c8d/joseph-feldman">analyst Joseph Feldman</a> reaffirmed an Outperform rating, while raising the price target from $92 to $100.</li>
<li>Bank of America Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ad8d48b85e930001f97170/robert-ohmes">analyst Robert Ohmes</a> maintained a Buy rating, while raising the price target from $95 to $105.</li>
<li>KeyBanc Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59009b5a0bd9910001e5f2aa/bradley-thomas">analyst Bradley Thomas</a> reiterated an Overweight rating, while lifting the price target from $88 to $96.</li>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584847d9ee7bf6000154d225/christopher-horvers">analyst Christopher Horvers</a> reaffirmed an Overweight rating and price target of $97.</li>
<li>BMO Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d11d39b85e93000188d7a0/kelly-bania">analyst Kelly Bania</a> maintained an Outperform rating and price target of $100.</li>
<li>DA Davidson <a href="https://drupal-cloudfront.benzinga.com/topic/michael-baker">analyst Michael Baker</a> reiterated Buy rating and price target of $85.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs: Walmart's US same-store sales grew by 5.3%, tracking better than consensus of 3.9%. This was driven by traffic, up 3.1%, and average ticket size, up 2.1%.
"WMT saw broad-based strength in the quarter, noting market share gains in the US, both in grocery and general merchandise, with households earning more than $100K accounting for 75% of share gains," McShane said in a note. The company seems well positioned to continue generating strong earnings growth for the rest of the year, supported by market share gains and improving profitability profile.
Truist Securities: Walmart is gaining market share "across customer cohorts." Around 75% of the company&#8217;s third-quarter gains came from higher-income households.
"Walmart's focus on price, convenience and assortment continues to resonate strongly with inflation-fatigued consumers," , Ciccarelli said.
After three years of declines, the company's higher-margin General Merchandise category grew slightly in the second quarter and growth accelerated to low single digits in the third quarter, the analyst stated. Walmart's higher-margin revenue streams enable the company to reinvest and expand margins, Ciccarelli added.
Telsey Advisory Group: Walmart company reported earnings of 58 cents per share, beating consensus of 53 cents per share, with sales growth of 5.5% to $169.6 billion, higher than market expectations of $167.7 billion, he added.
Telsey&#8217;s Feldman was &#8220;impressed&#8221; by &#8220;the comp of 5.3% vs. our estimate of 3.5%." Walmart gained market share in the U.S., "an increase in private brand penetration," and retuned to growth in general merchandise.
BofA Securities: Walmart raised guidance for adjusted earnings of $2.42-$2.47 per share, net sales of +4.8%-5.1% in constant currency terms and adjusted EBIT growth of +8.5%-9.25%, Ohmes said. In the fourth quarter, the company is likely to generate earnings of 62 cents per share, 4.2% net sales growth and US comps of +3.5%, he added.
"WMT continues to gain share across product categories and income cohorts as its strong value and digital conveni resonate," the analyst wrote. This year is a shortened holiday season, with five fewer days that last year between Thanksgiving and Christmas, which could "lead to higher online spend, favoring large digital/omni-channel players like WMT.&#8221;
KeyBanc Capital Markets: Walmart's third-quarter results were mostly above expectations, "driven by broad market share gains," Thomas said. U.S. comps accelerated sequentially with traffic remaining strong, he added.
"Encouragingly, WMT U.S. general merchandise comps inflected positive (+LSD), the first positive quarter since 2021, with unit volume +MSD," the analyst wrote. Walmart continues to be among "the most compelling investment opportunities in retail," he further stated.
JPMorgan: Walmart has the ability to "drive margins higher over time as its alternative profit pools gain momentum,&#8221; Horvers said. 
Walmart US was able to grow operating income by 9.1% year-on-year, despite a growth headwind of 120 to 150 basis points mainly in the SG&amp;A line, the analyst stated. "Structurally, we continue to see a path to 6.5% WMT US segment margins over time and for International to eclipse 6% as alternate profit pools scale," he further wrote.
BMO Capital Markets: Walmart witnessed "strong demand for expedited orders with incremental convenience fees and supply chain automation are helping to drive continued declines in net delivery costs per order (down 40% for third consecutive quarter)," Bania said.
The company's US third-party marketplace grew by 42% in the third quarter, and has the capacity to continue to grow, the analyst stated. Membership fees and advertising accounted for a third of Walmart's EBIT and Global advertising seems to be on track to reach around $4.3 billion in fiscal 2025.
DA Davidson: Walmart's consolidated revenues came in at $169,588 million, higher than consensus of $167,922 million, Baker said. US comps, excluding fuel, grew by 5.3% year-on-year and by 4.2% sequentially, he added.
Traffic "remains positive," up 3.1%, although this marked a slowdown from the 3.6% growth in the previous quarter, the analyst stated. "But, the average ticket was up 2.1%, much better than the up 0.6% last quarter," he further wrote.
Price Action: Shares of Walmart had risen by 0.37% to $86.92 at the time of publication on Wednesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains">Walmart Market Share Surges As Six-Figure Income Households Drive 75% Of Growth In Q3: &#8216;People Come To Us To Shop As A Primary Destination&#8217;</a></li>
</ul>
Image: Shutterstock

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Walmart Posts Q3 Sales Beat, Raises Guidance: Analysts Expect Strong Earnings Growth Ahead

B of A Securities analyst Robert Ohmes maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Buy and raises the price target from $95 to $105.

B of A Securities Maintains Buy on Walmart, Raises Price Target to $105

Truist Securities analyst Scot Ciccarelli maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Buy and raises the price target from $89 to $98.

Truist Securities Maintains Buy on Walmart, Raises Price Target to $98

Wells Fargo analyst Edward Kelly maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Overweight and raises the price target from $90 to $96.

Wells Fargo Maintains Overweight on Walmart, Raises Price Target to $96

Evercore ISI Group analyst Greg Melich maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and raises the price target from $89 to $94.

Evercore ISI Group Maintains Outperform on Walmart, Raises Price Target to $94

UBS analyst Michael Lasser maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Buy and raises the price target from $92 to $100.

UBS Maintains Buy on Walmart, Raises Price Target to $100

Bernstein analyst Dean Rosenblum maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and raises the price target from $98 to $102.

Bernstein Maintains Outperform on Walmart, Raises Price Target to $102

RBC Capital analyst Steven Shemesh maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and raises the price target from $92 to $96.

RBC Capital Maintains Outperform on Walmart, Raises Price Target to $96

Guggenheim analyst Robert Drbul maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Buy and raises the price target from $90 to $100.

Guggenheim Maintains Buy on Walmart, Raises Price Target to $100

Jefferies analyst Corey Tarlowe maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Buy and raises the price target from $100 to $105.

Jefferies Maintains Buy on Walmart, Raises Price Target to $105

TD Cowen analyst Oliver Chen maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Buy and raises the price target from $90 to $100.

TD Cowen Maintains Buy on Walmart, Raises Price Target to $100

Keybanc analyst Bradley Thomas maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Overweight and raises the price target from $88 to $96.

Keybanc Maintains Overweight on Walmart, Raises Price Target to $96

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Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) announced upbeat third-quarter results and raised its fiscal-<a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains">2025 guidance on Tuesday.</a>
The retailer reported adjusted EPS of 58 cents, beating the consensus of 53 cents. Sales were $169.59 billion, up 5.5% year over year or 6.2% (at constant currency), beating the consensus of $167.72 billion.
Doug McMillon, President and CEO, said, "In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that. Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart."
For FY25, the big box retailer raised its adjusted EPS outlook to $2.42 – $2.47 (from $2.35 – $2.43), vs. the consensus of $2.45. Walmart boosted FY25 net sales (at constant currency) growth guidance to 4.8% – 5.1% from 3.75% – 4.75% earlier.
Walmart shares gained 3% to close at $86.60 on Tuesday.
These analysts made changes to their price targets on Walmart following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e301e08430dee0001c88c8d/joseph-feldman">Telsey Advisory Group analyst Joseph Feldman</a> maintained Walmart with an Outperform and raised the price target from $92 to $100.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5aa1c1e3b023000001ad34b5/peter-benedict">Baird analyst Peter Benedict </a>maintained Walmart with an Outperform and increased the price target from $90 to $100.</li>
</ul>
Considering buying WMT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="546" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20084218/image-210-1024x546.png" alt="" class="wp-image-656934" style="width:603px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20084218/image-210-1024x546.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20084218/image-210-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20084218/image-210-768x409.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20084218/image-210.png 1192w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Earnings

These Analysts Increase Their Forecasts On Walmart After Strong Earnings

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Macquarie boosted the price target for Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) from $75.4 to $80.8. Macquarie analyst Ellie Jiang maintained an Outperform rating. Trip.com shares closed at $62.74 on Tuesday. <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital increased the price target for Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from $43 to $45. RBC Capital analyst Scott Hanold downgraded the stock from Outperform to Sector Perform. Northern Oil and Gas shares closed at $41.08 on Tuesday. <a href="https://www.benzinga.com/quote/NOG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Chardan Capital raised Arbutus Biopharma Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABUS#NASDAQ">ABUS</a>) price target from $4.5 to $5. Chardan Capital analyst Keay Nakae maintained a Buy rating. Arbutus Biopharma shares settled at $3.49 on Tuesday. <a href="https://www.benzinga.com/quote/ABUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) price target from $3 to $2. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. Super League Enterprise shares closed at $0.6811 on Tuesday. <a href="https://www.benzinga.com/quote/SLE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies slashed AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) price target from $240 to $230. Jefferies analyst Greg Konrad upgraded the stock from Hold to Buy. AeroVironment shares closed at $194.89 on Tuesday.  <a href="https://www.benzinga.com/quote/AVAV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan boosted Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) price target from $32 to $39. JP Morgan analyst Andrea Teixeira upgraded the stock from Underweight to Neutral. Energizer shares closed at $37.25 on Tuesday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group boosted the price target for Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) from $92 to $100. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Walmart shares settled at $86.60 on Tuesday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt boosted Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) price target from $90 to $100. Rosenblatt analyst Catharine Trebnick maintained a Buy rating. Fortinet shares closed at $90.79 on Tuesday. <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt increased the price target for Dolby Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) from $98 to $100. Rosenblatt analyst Steven Frankel maintained a Buy rating. Dolby shares closed at $70.91 on Tuesday. <a href="https://www.benzinga.com/quote/DLB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) price target from $163 to $180. Baird analyst Richard Eastman maintained an Outperform rating. Fortinet shares closed at $152.13 on Tuesday. <a href="https://www.benzinga.com/quote/KEYS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>

Pre-Market Outlook

ABUS

AVAV

FTNT

KEYS

TCOM

Walmart To Rally More Than 15%? Here Are 10 Top Analyst Forecasts For Wednesday

Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) shares ended 3% higher on Tuesday at $86.60 per share, as compared to an unchanged NYSE Composite Index. The retail giant <a href="https://www.benzinga.com/pressreleases/24/11/b42058916/walmart-reports-strong-revenue-growth-of-5-5-with-operating-income-growing-faster-at-8-2">reported third-quarter results</a>, beating estimates, and raised its fiscal 2025 guidance.
According to its earnings transcript, 75% of Walmart&#8217;s market share growth stemmed from &#8220;households earning more than $100,000,&#8221; said the company&#8217;s CEO, Doug McMillon.
What Happened: Sales were at $169.59 billion, up 5.5% year over year or 6.2% (at constant currency), beating the consensus of $167.72 billion. The gross margin rate was up 21 bps to 24.2% aided by improvement in the Walmart U.S. Operating income was up by $0.5 billion or 8.2% year over year at $6.7 billion.
Global eCommerce sales rose 27%, driven by store-fulfilled pickup and delivery as well as marketplace growth. Global advertising business grew 28%, including 26% for Walmart Connect in the U.S.
&#8220;We&#8217;re seeing higher engagement across income cohorts with upper-income households continuing to account for the majority of our share gains,&#8221; said the chief financial officer, John David Rainey.
See Also: <a href="https://www.benzinga.com/general/market-summary/24/11/42058235/palantir-board-member-in-a-deleted-x-post-said-nasdaq-move-will-force-billions-in-etf-buying-and-deliver-tendies-heres-what-this-meme-stock-term-means" target="_blank" rel="noreferrer noopener">Palantir Board Member In A Deleted X Post Said Nasdaq Move Will ‘Force Billions In ETF Buying And Deliver Tendies'</a>
Why It Matters: When asked if this theme of engagement by upper-income level households was valid across all categories and dimensions of the business, CEO Doug McMillon replied, &#8220;We want to sell grocery and general merchandise. And if you go through and look at it categorically, by income level, it kind of plays out the same way.&#8221;
&#8220;People come to us to shop as a primary destination in many instances and then they give us feedback across categories. and if you look at our offer in food and consumables, our shares are pretty high and consistent relative to some of the things we see in general merchandise,&#8221; he added.
However, McMillon added that despite a strong market share in aforementioned categories, along with sections like toys, bicycles, Walmart &#8220;had a lower market share in a lot of the fashion categories. And that&#8217;s basically just the customer telling us over the years, I&#8217;d rather buy my apparel somewhere else.&#8221;
Also read: <a href="https://www.benzinga.com/24/11/42070321/walmarts-q3-triumph-analyst-sees-structural-gains-fueling-future-growth">Walmart&#8217;s Q3 Performance Shows Structural Gains Fueling Future Growth: Analyst</a>
Price Action: On a year-to-date basis, the Walmart stock has risen over 63% beating the 17% gains in the NYSE Composite Index, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="277" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20053253/walmart-chart-1024x277.png" alt="" class="wp-image-656646" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20053253/walmart-chart-1024x277.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20053253/walmart-chart-300x81.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20053253/walmart-chart-768x207.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20053253/walmart-chart-1536x415.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20053253/walmart-chart.png 1747w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
JP Morgan analyst <a href="https://www.benzinga.com/24/11/42070321/walmarts-q3-triumph-analyst-sees-structural-gains-fueling-future-growth">Christopher Horvers said</a> that similar to prior quarters, Walmart maintains a prudent forecast despite consistent outperformance. Horvers adds that the ongoing share gains and upward revisions strengthen the bullish case despite FX headwinds and limited SG&amp;A leverage. Supporting their &#8220;overweight&#8221; rating, the analyst added that strong U.S. and international gross margin trends drive structural profitability improvements.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, based on an average price target of $97.67 between Telsey Advisory Group, Piper Sandler, and BMO Capital, there&#8217;s an implied 13.24% upside for Walmart Inc. from these most recent analyst ratings. The consensus rating forecast on <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">Benzing pro</a>, suggests a score of 4.3 out of 5 points, which implies buying the stock.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="381" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20052214/walmart-analyst-snapshot-1024x381.png" alt="" class="wp-image-656620" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20052214/walmart-analyst-snapshot-1024x381.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20052214/walmart-analyst-snapshot-300x111.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20052214/walmart-analyst-snapshot-768x285.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20052214/walmart-analyst-snapshot.png 1141w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42082542/supermicro-computer-shares-soar-32-as-it-avoids-nasdaq-delisting-but-analysts-are-not-convinced-heres-whats-coming-next-for-smci">Super Micro Computer Shares Soar 32% As It Avoids Getting Booted Off Nasdaq, But Analysts Are Not Convinced</a></li>
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Photo courtesy: Shutterstock

Walmart Market Share Surges As Six-Figure Income Households Drive 75% Of Growth In Q3: 'People Come To Us To Shop As A Primary Destination'

Baird analyst Peter Benedict maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and raises the price target from $90 to $100.

Baird Maintains Outperform on Walmart, Raises Price Target to $100

As the Thanksgiving travel season approaches,&nbsp;Uber Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) has unveiled its new &#8220;XXL&#8221; rides service. This initiative is designed to accommodate the expected increase in travel demand, particularly at airports.
What Happened: The XXL service, offering additional trunk space, is now available at&nbsp;more than 60 airports globally,&nbsp;including 40 in the United&nbsp;States and Canada. This launch is part of Uber&#8217;s strategy to enhance its ride-hailing business amid ongoing economic challenges, Reuters&nbsp;reported on Wednesday.
Uber has&nbsp;also introduced new reservation features, allowing users to enter flight details to receive suggested departure times for airport arrivals. The company will&nbsp;track flights to notify customers&nbsp;of delays and provide options to adjust drop-off times.
Uber CEO&nbsp;Dara Khosrowshahi&nbsp;highlighted the company&#8217;s focus on capturing&nbsp;suburban markets in the U.S.&nbsp;by improving reservation and waiting features. In 2023, trips related to airports made up 15% of Uber&#8217;s mobility gross bookings.
See Also:&nbsp;<a href="https://www.benzinga.com/news/global/24/11/42054220/economics-professor-doubts-impact-of-dogecoin-inspired-elon-musk-led-department-on-federal-deficit-cites-this-as-major-concern?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Economics Professor Doubts Impact Of Dogecoin-Inspired, Elon Musk-Led Department On Federal Deficit, Cite&nbsp;This As Major Concern</a>
Travel group AAA forecasts nearly 80 million Americans will travel over the Thanksgiving period, setting a new record. Uber aims to leverage this surge in demand, as stated by&nbsp;John Nickels, Uber&#8217;s&nbsp;senior director of product management.
Why It Matters: The launch of Uber&#8217;s XXL rides comes at a crucial time as the company faces increased competition in the <a href="https://www.benzinga.com/news/24/11/42046518/why-uber-stock-is-falling">autonomous vehicle sector</a>. Recently, Uber&#8217;s stock experienced a significant drop due to concerns over competition, following reports that President-elect Donald Trump plans to ease restrictions on self-driving vehicles. This could potentially accelerate the adoption of autonomous technology, benefiting companies like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with its Cybercab robotaxi plans. Uber, which has been involved in autonomous driving through various partnerships, may face intensified competition in this evolving market.
Meanwhile, other companies are also gearing up for the holiday season.&nbsp;Walmart Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) has introduced initiatives like an i<a href="https://www.benzinga.com/markets/equities/24/09/40937873/walmart-steps-up-holiday-game-inflation-free-thanksgiving-meal-returns">nflation-free Thanksgiving meal</a> and a &#8220;buy one, give one&#8221; donation feature to enhance customer convenience during the holidays. 
Price Action: At the time of writing on Wednesday, Uber was up by 0.48% during pre-market hours after previously closing at $69.13, as per Benzinga Pro.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42025317/dogecoin-repeating-its-historical-pattern-says-analyst-meme-coin-set-to-touch-3-by-trumps-inauguration-day-2025?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin &#8216;Repeating Its Historical Pattern,&#8217; Says Analyst: Meme Coin Set To Touch $3 By Trump&#8217;s Inauguration Day 2025</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Travel

UBER

Uber Launches 'XXL' Rides With Extra Trunk Space To Tackle Thanksgiving Travel Surge At Over 60 Airports

Nasdaq, S&P fall as Nvidia slips before Q3 report; Target plunges 20% on profit worries

Target ($TGT) shares dropped sharply on Wednesday after the retailer posted weaker-than-expected Q3 earnings and offered a disappointing outlook fo...

Target's (NYSE:TGT) Soft Q3 Results Prompts a Wave of Analyst Concern

The Q3 2024 blended earnings growth estimate now stands at 7.3%.

Q3 2024 U.S. Retail Earnings Update

Nasdaq ends lower as Nvidia slips before Q3 report; Dow turns higher; S&P edges up

Mega caps – especially the Mag 7 – have driven the market indexes of late but it's hard to justify further price increases because the stocks are more than fully valued at this stage.

No Value In The Mega Caps

Target Corp. is likely to face significant challenges in regaining the market share it has lost in recent quarters.

Why Is Target Losing To Walmart, And Will It Ever Catch Up?

DZ Bank downgraded Walmart (WMT) to Hold from Buy with a $91 price target Published first on TheFly – the ultimate source for real-time, market-mov...

Walmart downgraded to Hold from Buy at DZ Bank

Walmart shares are up nearly 100% this year. Conversely, Target shares, including yesterday's drawdropping 20+% decline, are down 15%.

Target And Walmart: Same Business But Different Trends

There's a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on JBS SA (JBSAY – Research Report) and Walmart (WM...

Analysts Offer Insights on Consumer Goods Companies: JBS SA (OtherJBSAY) and Walmart (WMT)

Stifel lowered the firm's price target on Target (TGT) to $137 from $165 and keeps a Hold rating on the shares. The firm lowered its FY24-FY26 esti...

Target price target lowered to $137 from $165 at Stifel

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How Canoo&#39;s Flexible, Award-Winning Electric Vans Are Helping Reshape Commercial And Government Fleets

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Influencers Are Driving Consumers To Discount Clubs And Major Retailers Like Costco Finds IZEA&#39;s Latest Survey

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Walmart, Sam's Club and the Walmart Foundation Increase Commitment to $10 Million to Hurricane Helene Relief Efforts

Walmart Expands Pet Care Offerings with New Service Locations, Online Vet Access and Prescription Delivery to Offer Unparalleled Value & Convenience

Walmart Invests in Multi-State Community Solar Portfolio Developed by Solar Landscape

Walmart Business Works with Fiserv to Bring Clover to Business and Nonprofit Customers

Walmart Sets the Table Early With a Thanksgiving Meal for Less Than $7 per Person

Accelerating Convenience: Walmart Launches Nationwide Same-Day Pharmacy Delivery, Helping Customers Live Better

Walmart Black Friday Deals Events Dial Up the Thrill of the Deal

Walmart To Host Third Quarter Earnings Conference Call November 19th, 2024

Walmart's 'Black Friday Deals' and Cyber Monday Events Deliver a Wonderful Week of Savings

Walmart reports strong revenue growth of 5.5% with operating income growing faster at 8.2%

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