Deutsche Bank lifts Walmart target to USD 136.00. Walmart stock falls 1.03 percent

Published on 10/16/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank upgraded Walmart to Buy from Hold on October 15, 2026. Walmart stock costs EUR 105.24 on October 16, 2026, 1.03 percent below its Xetra close.

Analyst target and operating growth

Deutsche Bank raised Walmart's target to USD 136.00 from USD 113.00 on October 15, 2026.
Fiscal second-quarter 2027 revenue reached USD 187.9 billion, up 5.9 percent.
Walmart stock trades at EUR 105.24 at 10:03 a.m. CEST at Lang & Schwarz on October 16, 2026, minus 1.03 percent below the Xetra close of October 15, 2026.

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Walmart (ISIN US9311421039) stock was trading at EUR 105.24 at Lang & Schwarz on October 16, 2026 at 10:03 a.m. CEST, down 1.03 percent versus the Xetra close of October 15, 2026 at EUR 106.34. CNBC reported on October 15, 2026 that Deutsche Bank upgraded Walmart from Buy to Hold? No. Deutsche Bank upgraded Walmart from Hold to Buy and raised its target from USD 113.00 to USD 136.00.

Deutsche Bank resets the target

The upgrade gives Walmart a fresh analyst catalyst after the retailer's fiscal second-quarter 2027 report. According to CNBC on October 15, 2026, analyst Krisztina Katai said persistent inflation could reinforce Walmart's value proposition and accelerate market-share gains. The report also said 39 of 44 analysts tracked by LSEG had Buy or Strong Buy ratings, while five had Hold ratings.

Three catalysts shaped the setup

DataPorium reported that Walmart's fiscal second-quarter 2027 revenue reached USD 187.9 billion on August 20, 2026, up 5.9 percent from the prior year. Walmart announced a zero-dollar prescription tier covering more than 250 medicines for eligible workers on October 13, 2026, according to Yahoo Finance. On October 15, 2026, Deutsche Bank raised the target to USD 136.00 from USD 113.00.

What does the target mean for margins?

The target increase rests on a sharper mix of higher-margin businesses, but the latest operating figures show a split picture. Fiscal second-quarter operating income rose 28.8 percent to USD 9.4 billion, while Walmart's fiscal third-quarter outlook called for adjusted operating income growth of only 2.0 percent to 4.0 percent, according to DataPorium. That gap explains why the market can welcome a higher target while still demanding evidence that advertising, e-commerce and membership growth can offset slower core retail momentum.

Next report is November 19, 2026

DataPorium lists November 19, 2026 as Walmart's next fiscal third-quarter reporting date. The key test will be whether sales growth and higher-margin digital businesses can narrow the gap between the 28.8 percent second-quarter operating-income increase and the 2.0 percent to 4.0 percent third-quarter outlook.

Stock stays below its yearly high

Walmart's primary listing is Nasdaq, where the stock was last at USD 117.87 on October 15, 2026 at 4:00 p.m. ET. The euro quote was trading at EUR 105.24 at Lang & Schwarz on October 16, 2026 at 10:03 a.m. CEST, minus 1.03 percent versus the Xetra close of October 15, 2026 at EUR 106.34. The further course of trading is shown by the continuously updated real-time quote of Walmart stock.