WallStSmart
WMT

Walmart Inc.

NASDAQ: WMT · CONSUMER DEFENSIVE · DISCOUNT STORES

$131.93
+3.06% today

Updated 2026-04-29

Market cap
$1.02T
P/E ratio
46.89
P/S ratio
1.43x
EPS (TTM)
$2.73
Dividend yield
0.74%
52W range
$91 – $134
Volume
20.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Walmart Inc. (WMT) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$131.93
Consensus
$133.86
+1.46%
2030 Target
$1,345.95
+920.20%
DCF
—
—
29 analysts:
18 Buy1 Hold1 Sell

Management guidance

No specific revenue targets for 2026-2030 period disclosed by management. CEO Doug McMillon has emphasized disciplined capital allocation, store modernization (650+ remodels planned), and expansion of high-margin services (advertising, marketplace, financial services). Company is investing $180M+ annually in store upgrades and opening ~20 new stores annually. Guidance focuses on operational excellence and market share gains rather than specific revenue dollar targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$2,251.64
$890.8B Rev × 20x P/S
Base case (2030)
$1,345.95
$890.8B Rev × 12x P/S
Bear case (2030)
$905.69
$890.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2028 (E)2029 (E)2030 (E)
Revenue$648.1B$681.0B$713.2B$790.0B$824.3B$857.8B$890.8B
Revenue growth—5.1%4.7%4.5%4.3%4.1%3.9%
EPS$6.64$1.91$2.65$3.31$3.68$4.05$4.42
P/S ratio———1.0x12.0x12.0x12.0x
Implied price———$102.41$1,245.32$1,308.22$1,345.95

Catalysts & risks

Growth catalysts
+ Aggressive store remodeling program (650+ stores in 2026-2027) driving comp sales and customer experience improvements
+ High-margin services expansion: advertising business, Walmart+ membership growth, financial services, and marketplace monetization
+ Sam's Club 1-hour express delivery and membership price hikes driving higher-margin revenue
+ International expansion in Mexico/Central America ($2.4B investment announced) and organic growth
+ Supply chain automation and private label (Great Value redesign) margin expansion
Key risks
- Grocery sales growth deceleration (3.4% in FY2026 vs. historical 4-5%+) signals consumer spending pressure
- Rising labor costs from $400K+ manager salary initiatives and wage inflation pressures
- Macro consumer weakness and tariff uncertainty could impact discretionary spend and margins
- Intense e-commerce competition from Amazon despite Walmart's omnichannel strength
- Valuation stretched at 47.6x P/E (vs. historical 20-25x) with limited multiple expansion runway

Methodology

Walmart Inc.'s forward estimates are derived from AI-powered research synthesis combining analyst consensus from 29 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 30, 2026.