Walmart Inc. (NASDAQ:WMT) is included among the 10 Best Inflation Hedge Stocks to Buy in 2026.
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On May 7, TD Cowen analyst Oliver Chen raised the company’s price recommendation for Walmart Inc. (NASDAQ:WMT) to $150 from $145. He reiterated a Buy rating on the stock. In a research note, the analyst said Walmart appears poised for a strong first quarter, helped by steady grocery demand and easier comparisons in general merchandise. TD Cowen added that while results could exceed expectations, the company is likely to continue to maintain its current outlook.
A CNBC report published on May 7 said Walmart has been attracting more higher-income shoppers as inflation continues to put pressure on household budgets. Consumers earning more than $100,000 a year have been a major driver of the company’s recent market share gains. The report also noted that Walmart has been making changes aimed at attracting those shoppers. The company upgraded its stores, improved its private label products and expanded its fashion selection in recent quarters.
Walmart has also continued to invest in its online marketplace, delivery network and Walmart+ membership program as it seeks a more convenient shopping experience. Analysts said the company’s focus on value and convenience has helped it bring higher-income customers back. A broader product selection has also played a role, with most analysts remaining positive on the stock’s prospects.
Walmart Inc. (NASDAQ:WMT) operates retail stores, wholesale clubs, e-commerce websites and mobile applications in several countries, including the U.S., Canada, China, India, Mexico, and parts of Africa and Central America. The company reports results through three primary segments: Walmart US, Walmart International and Sam’s Club US.
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