Walmart Stock Bullish Ahead Of Q4 Earnings: Is Upside Already Priced In?

Wall Street expects Walmart Inc WMT to report 64 cents in earnings per share when fourth-quarter financials are released before market hours on Thursday.

Analysts also expect the retailer to report $180.25 billion in revenues.

The stock is up 76.94% over the past year, 15.24% year-to-date.

Let’s look at what the charts indicate for Walmart stock and how the stock currently maps against Wall Street estimates.

Walmart Stock Bullish Ahead Of Q4 Earnings

Walmart stock is exhibiting strong bullish momentum, with its share price trading above key moving averages. Currently, the company’s stock is positioned above its five-day, 20-day and 50-day exponential moving averages, signaling sustained buying pressure.

Chart created using Benzinga Pro

Walmart stock price of $103.69 sits comfortably above its eight-day simple moving average of $103.34, its 20-day simple moving average of $100.16 and its 50-day simple moving average of $95.63—all reinforcing a bullish trend.

Additionally, Walmart's price remains well above its 200-day simple moving average of $79.74, further solidifying its long-term uptrend.

Momentum indicators also confirm this strength. The Moving Average Convergence Divergence (MACD) indicator stands at 2.87, a bullish signal suggesting continued upward momentum. Meanwhile, Walmart's Relative Strength Index (RSI) is at 69.10, nearing overbought territory but still indicating strong demand.

As long as Walmart stock remains above these key technical levels, the stock is poised to maintain its bullish trajectory.

Walmart Analysts See 10% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Walmart stock stands at a Buy currently with a price target of $102.07. The latest analyst ratings from Piper Sandler, Baird and Barclays imply a 9.50% upside for WMT stock, with a $113.67 average target.

Stock Price Action: Walmart stock was trading at $103.64 at the time of publication.

Read Next: