Deutsche Bank raises Walmart target to USD 136 for Walmart stock

Published on 10/21/2026 at 12:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal second-quarter revenue reached USD 187.90 billion, up 5.90 percent year over year. Walmart stock costs EUR 104.00 on October 21, 2026.

Target revision and operating scale

Deutsche Bank lifted its Walmart target from USD 113.00 to USD 136.00 on October 15, 2026.
Fiscal second-quarter revenue reached USD 187.90 billion, up 5.90 percent year over year.
Walmart stock traded at EUR 104.00 at 12:00 p.m. CEST at Lang & Schwarz on October 21, 2026.
Walmart's market capitalization was USD 937.9 billion on October 20, 2026.

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Walmart (ISIN US9311421039) was trading at EUR 104.00 at Lang & Schwarz on October 21, 2026 at 12:00 p.m. CEST. On October 15, 2026, Deutsche Bank upgraded Walmart to Buy from Hold and raised its price target from USD 113.00 to USD 136.00, according to Investopedia.

Why did the target rise?

The bank's upgrade followed meetings with Walmart management and reflected the view that persistent inflation could strengthen the retailer's value proposition. Investopedia reported that Deutsche Bank cited potential market-share gains as shoppers remained focused on prices.

Walmart's latest reported quarter supplied the operating evidence behind that view. For the fiscal second quarter ended July 31, 2026, revenue rose 5.90 percent year over year to USD 187.90 billion, while adjusted earnings per share increased 19.10 percent to USD 0.81, according to Zacks. Adjusted operating income increased 17.40 percent on a constant-currency basis to USD 9.25 billion.

Three dates shaped the case

On August 20, 2026, Walmart reported fiscal second-quarter revenue of USD 187.90 billion. On October 15, 2026, Deutsche Bank raised its target to USD 136.00 from USD 113.00. On October 21, 2026, the Lang & Schwarz quote stood at EUR 104.00 at 12:00 p.m. CEST.

What comes next for Walmart?

The next scheduled earnings report is November 19, 2026, according to Simply Wall St. Walmart's fiscal 2027 outlook calls for constant-currency net sales growth of 4.00 percent to 5.00 percent and adjusted operating income growth of 7.00 percent to 8.50 percent, according to Walmart.

Valuation keeps the test high

Walmart's market capitalization was USD 937.9 billion on October 20, 2026, while its 52-week range was USD 98.88 to USD 135.16. The combination of digital growth and advertising expansion supports the bullish case, but higher health-care, fuel and depreciation costs remain the counterweight to faster profit conversion.

Stock price in euros

Walmart stock was trading at EUR 104.00 at Lang & Schwarz on October 21, 2026 at 12:00 p.m. CEST. The Nasdaq-listed shares had a USD 117.85 last price in the finance quote dated October 20, 2026 at 4:00 p.m. ET, with a USD 98.88 to USD 135.16 52-week range. The further course of trading is shown by the continuously updated real-time quote of Walmart stock.