- Walmart shares reached a record $120 as the company prepares to join the Nasdaq-100.
- The company plans to move its listing from the New York Stock Exchange to Nasdaq’s Global Select Market in late 2025, ending a more than 50-year NYSE association.
- Walmart reported an 8% year-to-date gain to start 2026 and is viewed favorably among dividend stocks by many analysts.
- Walmart announced a partnership with Alphabet to expand drone delivery to 270 locations by 2027, reaching 40 million customers with 30-minute deliveries.
- Analysts at BTIG expect continued gains; earnings are forecast at $0.72 per share and revenue at $189.84 billion, and price targets have been raised as high as $130.
Walmart shares climbed to an all-time high of $120 on Tuesday as the company prepares for inclusion in the Nasdaq-100 and a planned move from the New York Stock Exchange to Nasdaq’s Global Select Market in late 2025. The listing change ends a relationship with the NYSE that lasted more than 50 years and is expected to draw more investor attention.
The stock has gained about 8% year-to-date following the Nasdaq announcement. Many analysts now rank Walmart among the stronger dividend stock choices, and increased visibility is cited as a driver of the recent rally.
Walmart also disclosed a broader partnership with Alphabet to expand its drone delivery service. The company plans to grow drone locations to 270 by 2027, which it says will allow roughly 40 million customers to receive deliveries within 30 minutes.
“Drone delivery plays an important role in our ability to deliver what customers want, exactly when they want it,” said Greg Cathey, senior vice president of Digital Fulfillment Transformation at Walmart. The drone unit Wing originated in Google labs in 2012 and became an independent Alphabet business in 2018.
On Wall Street, analysts at BTIG said Walmart’s combined digital and physical strategy is delivering value and that CEO Doug McMillon has positioned the company for market share and profit gains despite macro pressures. Current estimates call for earnings of $0.72 per share and revenue of $189.84 billion, and some price targets have been raised to as high as $130.
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