In late March, we said, “Keep an eye on down, but not out shares of Walmart (WMT). After dropping from about $105 to a recent low of $85.15, WMT appears to have found strong support. It’s also over-extended on RSI, MACD and Williams’ %R. From its last traded price of $85.15, we’d like to see WMT initially retest $95 a share.”

At the time, WMT traded at $85.15. Today, it’s up to $95.09 and could push even higher.

Helping, the company recently said it expects sales growth of 3% to 4% for its first quarter, adding that, “History tells us that when we lean into these periods of uncertainty, Walmart emerges on the other side with greater share and a stronger business,” according to Walmart Chief Financial Officer John David Rainey.

Plus, the company just paid out a dividend of $0.235 on April 7. It’ll also be paid on May 27 to shareholders of record as of May 9; on September 2 to shareholders of record as of August 15; and on January 5, 2026 to shareholders of record as of December 12, 2025.

Analysts at KGI Securities also initiated an outperform rating on the oversold stock with a price target of $102.

From its last traded price of $95.09, we’d like to see WMT rally back to $105 initially.

Sicnerely,

Ian Cooper

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