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Truist Raises Price Target on Walmart (WMT) to $119 After Strong Q3 Performance

Walmart Inc. (NYSE: WMT) is one of the 15 Best Long-Term Stocks to Buy According to Reddit.

Truist Raises Price Target on Walmart (WMT) to $119 After Strong Q3 Performance

On November 20‍, Truist Securities raised its price target on Walmart Inc. (NYSE: WMT) to $119 from $109 and reiterated a Buy rating on the stock⁠, as reported by The Fly.

In the third quarter of 2025, Walmart Inc. (NYSE: WMT) generated revenue of $179.5 billion, an increase of 5.8% compared to the same period last year. travel.⁠

Walmart Inc. (NYSE: WMT) has also continued to gain momentum online. Global e-commerce sales soared 27%, driven by strong demand for pickup and delivery services and continued growth in this third-party marketplace.

Advertising also played a major role in the company’s performance. Its purchase⁠ of VIZIO and its SmartCast operating system for $2.3 billion in December helped increase advertising revenue by 53%.

E-commerce remains Walmart Inc.’s (NYSE: WMT) most powerful growth engine, and the company has built on it by leveraging its existing strengths. The company is also expanding in other areas, introducing new product lines to reach a wider range of shoppers and rolling out various health services in select stores.

Walmart Inc. (NYSE: WMT) is a multinational retail company with an extensive network of hypermarkets, discount stores, grocery stores and online channels in the United States and abroad.

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READ NEXT: 12 Best European Dividend Stocks to Buy Now and 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.

Disclosure: None.

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