Goldman Sachs raised its price target on Walmart (NYSE:WMT) to $106 from $101, maintaining a Buy rating on the stock. The updated target suggests a 24.4% upside from current levels. Analyst Kate McShane pointed to Walmart's solid fundamentals and ongoing automation push as key drivers of long-term growth.
The upgrade comes ahead of an investor event where Walmart executives are expected to discuss performance, strategic priorities, and future plans. McShane sees the meeting as a potential catalyst for shares, particularly as management offers more detail on automation efforts.
Walmart has been investing in warehouse automation to improve efficiency and customer service. In partnership with Symbotic, the company is rolling out robotic systems for storage and packing. It plans to automate 65% of its stores by 2026 to help streamline operations and reduce costs.
McShane also cited Walmart's strong balance sheet and appeal to value-focused consumers as supporting earnings growth in 2025. In Q4, Walmart posted 4.1% revenue growth to $180.6 billion and a 10% rise in adjusted EPS to $0.66both in line with expectations.
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