DA Davidson Reiterates 'Buy' Rating on Walmart

Analysts maintain price target of $135 on retail giant's stock

Published on Feb. 21, 2026

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DA Davidson has reaffirmed its 'buy' rating on shares of Walmart (NASDAQ:WMT), with analysts maintaining a price target of $135 on the retailer's stock. This comes as Walmart reported strong quarterly earnings, topping consensus estimates. The research firm cited Walmart's continued growth, both in its physical stores and online platforms, as reasons for the positive outlook.

Why it matters

Walmart is one of the world's largest retailers, with a vast network of physical stores and a growing e-commerce presence. Positive analyst sentiment and a reiterated 'buy' rating can help boost investor confidence in the company's future performance and growth prospects.

The details

In their research report, DA Davidson analysts praised Walmart's ability to deliver solid financial results, with the company reporting earnings per share of $0.74 for the latest quarter, exceeding the consensus estimate of $0.73. The analysts also highlighted Walmart's ongoing investments in its online platforms and delivery services, which have helped the retailer adapt to shifting consumer preferences and compete more effectively with e-commerce giants like Amazon.

  • Walmart reported its quarterly earnings on Thursday, February 19th, 2026.
  • DA Davidson issued its research report and reiterated its 'buy' rating on Wednesday, February 21st, 2026.

The players

Walmart

A multinational retail corporation that operates a broad portfolio of store formats and digital services, including large-format supercenters, discount department stores, neighborhood grocery stores, and a membership warehouse chain, Sam's Club.

DA Davidson

A financial services firm that provides research, investment banking, and wealth management services.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Walmart's strong financial performance and continued investment in its omnichannel strategy have earned it positive analyst sentiment, underscoring the company's ability to adapt to changing consumer preferences and maintain its position as a leading global retailer.