Walmart Stock Hits Record High Ahead of Q1 Earnings
Walmart shares surged to an all-time peak of $134.71, marking a 37% annual gain as traders anticipate volatile price action around Thursday's earnings release. Options markets imply a potential 5% swing either direction, which could propel the stock beyond $139 or below $127.
The retail giant's Q1 revenue is projected at $174.94 billion, representing 6% year-over-year growth, with e-commerce sales expected to jump 22%. Analysts maintain bullish sentiment with an average price target above $140, as new CEO John Furner prepares to outline his strategic vision during his inaugural earnings call.
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