Walmart hits all-time high following Bank of America boosting its price target
Walmart shares touched an intraday all-time record of $106.11 before settling lower for the close, missing its previous record closing price of $105.05 on February 13 of this year.
The rally came after Bank of America lifted its price target on Walmart to $125 from $120 and stuck with its “buy” rating. Analysts said Walmart is emerging as a leader in “agentic AI commerce,” pointing to its GenAI assistant, Sparky, which offers occasion-based recommendations and help shoppers plan, compare, and buy products.
Analysts also flagged Walmart’s sheer scale, backed by data from 180 million customers, and its fast-growing delivery business as major competitive advantages. Beyond AI, the fundamentals are catching eyes, too. Walmart’s food delivery arm is already profitable, reaching 95% of US households within three hours and a quarter of customers in under 30 minutes.
The note also highlighted Walmart’s cushion against tariffs, since two-thirds of its products are sourced domestically, and pointed to its new Synchrony Financial-backed credit card as another way to juice membership growth.
The stock is up over 16% year to date and has more than doubled since 2020.
