Telsey Raises View on WMT Shares Before Earnings

Walmart stock's average analyst price target is in line with its current price

Nov 13, 2019 at 9:29 AM
facebook X logo linkedin


Walmart Inc (NYSE:WMT) will report earnings before the open tomorrow, Nov. 14, and the stock just received a bullish analyst note from Telsey Advisory Group. The firm lifted its price target on the Dow component to $130 from $125, putting it deeper into record-high territory. WMT shares peaked at $120.92 last week, and are trading right in line with their 20-day moving average, last seen at $119.40. 

Looking back, the equity has moved higher the day after earnings in three straight quarters, including a 6.1% jump in August. The options market is pricing in a 6.3% post-earnings swing for tomorrow's trading, and call buying has remained popular at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). The 10-day call/put volume ratio across those exchanges is 2.28, showing call buying has doubled put buying in the past two weeks. In the front-month November series, peak open interest is at the 125-strike call, with the 120-strike call close behind.

If Walmart does report strong earnings, it could result in a wave of price-target hikes, since its average 12-month price target is just $123.58. Upgrades are possible, too, since there remain seven "hold" ratings out there.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI