Walmart Inc. (NYSE:WMT) shares are trading lower after Mizuho analyst David Bellinger lowered his price target on the stock from $130 to $125 while maintaining an Outperform rating, with a technical setup also in focus.
Analyst Sees Further Upside, Maintains Outperform Rating
Mizuho's new $125 target still implies meaningful upside from current levels, and the firm's Outperform rating remains unchanged. The broader analyst consensus on Walmart remains an Outperform, with 25 of 27 analysts rating the stock a Buy and 2 rating it a Hold. The average price target sits at $131, implying approximately 23.6% upside from current levels.
Walmart Trades Below Every Major Moving Average
From a longer-term trend view, Walmart remains in a downtrend relative to its major moving averages, trading 1.2% below the 20-day SMA, 2.7% below the 50-day SMA, 7% below the 100-day SMA, and 10.4% below the 200-day SMA. The 20-day SMA is below the 50-day SMA, and the death cross that formed in July (50-day below the 200-day) keeps the intermediate trend biased lower until price can reclaim those levels.
Momentum is showing early signs of improvement even if the trend hasn't fully flipped: MACD is above its signal line and the histogram is positive, which typically suggests downside pressure is easing versus the prior downswing. In plain English, when MACD is above its signal line, it often means sellers are losing control and rebounds have a better chance of following through.
- Key Resistance: $109.50 - a nearby ceiling that lines up closely with the 50-day area, where rebounds can stall
- Key Support: $102.00 - a nearby floor to watch if selling continues, sitting not far above the lower end of the 52-week range
Sector Performance
Walmart is underperforming its Consumer Staples peers on Tuesday, falling more than the sector's 0.60% decline and lagging by about 2.03 percentage points. That relative weakness matters because Staples is already one of the day's weaker groups, ranking 9 out of 11 sectors.
Zooming out, Consumer Staples has been trending soft recently, down 3.75% over the past 30 days and down 1.81% over the past 90 days. When the sector is in a short-term slump, individual names often need a clear technical reclaim (like getting back above the 50-day) to attract steady dip-buying.
Walmart Shares Fall
WMT Price Action: At the time of publication, Walmart shares are trading 2.45% lower at $106.07, according to data from Benzinga Pro.