Equities research firm Wall Street Zen downgraded Walmart (WMT) from a "Buy" to a "Hold" rating on Sunday. Despite this shift, the broader analyst consensus remains a "Moderate Buy." The stock currently holds 32 buy ratings and 2 hold ratings, with an average price target of $123.03.
The downgrade occurs even after Walmart recently beat its Q3 estimates. Furthermore, the company provided FY2026 EPS guidance ranging from $2.58 to $2.63.
WSZ noted that the company’s leadership and strategic initiatives in AI and fintech remain positive factors. However, the research cited several near-term risks. These concerns include insider selling, turnover in international leadership, and an ongoing tax case in India.