Walmart is set to report its first-quarter results for fiscal year 2026 on Thursday morning, and analysts remain optimistic: all 19 experts tracked by Visible Alpha currently recommend “buy” on the retail giant. The average price target is $110.79 — more than 14% above current levels and above the all-time high of $105.05.

Revenue is expected to grow by 3% to $165.96 billion, while adjusted earnings per share are expected to fall by 2 cents to 58 cents. Despite reaffirming its sales growth forecast of 3–4%, Walmart previously warned that the range of potential outcomes for operating income has widened.

Analysts from Morgan Stanley and Oppenheimer reiterated their “buy” ratings. Oppenheimer also raised its price target from $100 to $110. They believe Walmart could benefit from ongoing tariff-related uncertainty thanks to its scale, supply chain, and pricing power. Morgan Stanley added that Walmart is “among the best-positioned” companies to handle such challenges.