Walmart (WMT)
Walmart has been making steady progress on the tech front, and it’s starting to pay off. The company is now on pace to generate more than $100 billion in annual U.S. e-commerce revenue—putting it just behind Amazon in online market share.
That growth isn’t coming from a single product line or flashy new rollout. It’s the result of years of investment in faster delivery, better digital infrastructure, and new revenue streams like advertising, marketplace sales, and membership programs. These areas are high-margin and still have plenty of room to grow.
Mizuho just named Walmart a top pick and raised its price target to $115, up from $105. That implies almost 18% upside from where the stock is trading now. Analyst David Bellinger sees a path to $4+ in earnings per share as these initiatives scale. So far in 2025, Walmart shares are up nearly 8%, and 43 of 44 analysts rate the stock a buy or strong buy.
This isn’t the same Walmart it was five years ago. For long-term investors, it might be time to take a fresh look.
