Walmart (WMT) Stock Forecast & Price Target

Walmart has demonstrated a robust financial performance with a 4.34% year-over-year increase in net sales revenue, rising from $673.82 billion to $703.06 billion for the 12 months ending October 2025, and is projected to continue growing by 13.34% over the next twelve months. Net Operating Profit After Tax (NOPAT) also saw a 2.15% increase, moving from $22.29 billion to $22.77 billion, with further anticipated growth of 13.17% to $53.30 billion in the near term. Additionally, Economic Operating Cash Flow (EBITDAR) grew by 3.70%, increasing from $45.41 billion to $47.09 billion, indicating a strong operational efficiency and cash generation capability that supports a favorable outlook for the company.

Walmart's economic profit saw a significant decline of 10.92% year-over-year, dropping from $9.76 billion to $8.70 billion, which could signal underlying operational challenges. The company's return on capital also decreased from 13.33% to 12.03%, further indicating a diminishing efficiency in generating profits from its investments. Additionally, increased costs related to tariffs and unexpected expenses resulted in a substantial headwind to adjusted operating income growth, suggesting potential difficulties in maintaining profitability amidst rising operational pressures.