Several analysts had started to increase their price targets in early 2026. For example, Bernstein raised its target from $122 to $129, driven by its expectation that middle- to high-income consumers would be in a stronger position in 2026. Meanwhile, Mizuho and Oppenheimer both raised their price targets from $115 to $125.
I’m not quite so bullish on Walmart stock in 2026. After rallying in 2025 and into early 2026, the consumer staples stock traded at almost 45 times forward earnings in mid-January, which was higher than the S&P 500 (more than 22 times forward earnings) and the Nasdaq-100 index (almost 26 times forward earnings). That drives my prediction that Walmart could give back some of its gains in 2026 and finish the year below $110 a share.
2030 forecast
Predictions vary for Walmart’s stock price for 2030. Conservative-to-bearish forecasts have Walmart trading between $120 and $140 per share in 2030 due to potential competitive pressures and its current high valuation. Meanwhile, wildly optimistic predictions have the stock more than doubling to more than $250 a share. That bullish view assumes aggressive expansion in e-commerce, digital ads, and international markets, coupled with Walmart maintaining its high valuation multiple.
I’m a bit more conservative in my view of Walmart stock. While the company’s accelerating profit growth in recent years justifies a higher valuation multiple compared to other retailers, it will be difficult for the company to continue growing as briskly in the future to justify its valuation multiple. That drives my prediction that Walmart stock could rise to $150 by 2030.
