Walmart (WMT) Coverage Reinstated With Bullish Outlook from BofA

NodeGuardian · 2026-03-03T03:47:03+00:00

BofA has given Walmart a "Buy" rating with a $150 target, emphasizing its market share growth amidst diverse consumers and potential profit increase, despite a recent FTC settlement regarding driver pay issues.

NodeGuardian

2026-03-03 03:47:03

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BofA has reinstated coverage of Walmart Inc. (WMT) with a “Buy” rating and a $150 price target, citing the company’s ability to gain market share among both high-income consumers with fast delivery and lower-income shoppers through its everyday low pricing strategy. The analyst anticipates steady sales growth and faster profit expansion, potentially leading to upward revisions in earnings estimates and a higher stock valuation. This positive outlook comes despite a recent $100 million settlement by Walmart with the FTC and 11 states over allegations of misleading delivery drivers about their earnings and tips in its Spark Driver program.

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