Walmart just had its worst day in 4 years. JPMorgan says buy it now
Walmart shares are cheaper than usual following the stock's steep decline on Thursday after its earnings report, according to JPMorgan.
TL;DR
- JPMorgan sees Walmart's worst day in four years as a buying opportunity.
- The investment bank maintains an overweight rating on Walmart.
- Despite a lowered price target, the new target still suggests nearly 21% upside.
- JPMorgan believes trends should improve and alternate profit pools are accelerating.
- The short case against Walmart is considered 'greedy' and largely based on relative valuation.
- Walmart's stock fell 9% on Thursday, its biggest one-day decline since May 17, 2022.
- The decline followed lackluster guidance and a miss on same-store sales.
- JPMorgan highlights potential benefits from alternative profit pools and AI automation.
- Forty out of 44 analysts covering Walmart have a buy or strong buy rating.
- Walmart shares have fallen 7% in 2026.