Bearish
Walmart's stock drops 9.2% after analyst downgrade amid earnings miss
Walmart's stock experienced a significant decline following an analyst downgrade and disappointing earnings results. Despite reporting adjusted earnings per share of $0.81 and revenue of $187.9 billion, the company faced challenges with U.S. comparable sales growth and a cautious outlook for the upcoming quarter.
Key points
- Analyst Downgrade: Gordon Haskett downgraded Walmart's stock from 'buy' to 'accumulate,' contributing to the stock's 9.2% decline.
- Earnings Report: Walmart reported adjusted earnings per share of $0.81 and revenue of $187.9 billion, exceeding analyst expectations.
- Sales Performance: U.S. comparable sales growth was 2.6%, below the anticipated 3.8%, indicating potential challenges in consumer spending.
- Analyst Price Target Reduction: UBS lowered its price target for Walmart from $141 to $130, citing concerns over the company's core business performance.
Sources
- Walmart (NASDAQ:WMT) Shares Down 9.2% After Analyst DowngradeMarketBeat · August 20, 2026
- Walmart stock plunges as U.S. comp sales growth misses despite earnings beatInvesting.com · August 20, 2026
- Walmart sees sales drop as US consumer spending retreatsAl Jazeera · August 20, 2026
- UBS cuts Walmart stock price target on core business concernsInvesting.com · August 21, 2026
AI-generated from public news sources. Not financial advice.
