Walmart is a top pick as it advances its e-commerce efforts, Mizuho says
Walmart's push to grow in the e-commerce arena could be a key catalyst for its stock, according to Mizuho Securities. The firm named Walmart a top pick and raised its price target on the retailer to $115 per share from $105. That implies upside of nearly 18%. "The multi-year rebuild into a much more tech-led player is working, with a focus on speed of delivery and further volume gains ahead," analyst David Bellinger said. "WMT is on pace to deliver annual U.S. e-commerce revenues in excess of $100B or closing in on ~10% of all domestic online sales - making it second-largest only to Amazon (AMZN)." WMT YTD mountain Walmart stock in 2025. "With this in mind, we are considering WMT through a new lens and as one of the more dominant digital players in today's highly competitive landscape. We continue to see a path to $4+ in earnings power with advertising, marketplace, and membership as high growth and highly accretive complements," the analyst added. Walmart shares rose slightly in the premarket following Mizuho's call. Year to date, the stock is up nearly 8%. Analysts covering the stock are overwhelmingly bullish. LSEG data shows that 43 of 44 of those covering Walmart rate it a buy or strong buy. Just one analyst rates the stock as a hold.
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