Freedom Broker’s double upgrade removes a Sell rating but remains below consensus — treat this as a modest positive that does not warrant aggressive buying. The elevated short interest and insider selling suggest the stock may face headwinds despite bullish Street sentiment. Wait for confirmation from higher-accuracy firms or a catalyst before adding exposure.
Price Chart
Executive Summary
Freedom Broker double-upgraded Walmart Inc. (WMT) from Sell to Hold on May 21, 2026, raising its price target to $133 from $87, a 53% increase. The firm has a 66% accuracy rate on 68 calls and an average return of 11.8%. Consensus on WMT is heavily bullish: 44 of 48 analysts rate it Buy (92%), with 4 Hold and zero Sell. The mean price target is $137.78, implying 5.3% upside from the current $130.85. The new $133 target sits below the consensus mean and median ($140), indicating Freedom Broker remains cautious relative to peers. Analyst momentum is positive — 1 upgrade, 0 downgrades in the past 30 days — and EPS revisions are trending slightly higher for the current fiscal year (7 up vs 0 down in the past 7 days). However, insider selling is notable: CEO C. Douglas McMillon sold $2.57M worth of shares on April 23, and other executives have also sold in recent weeks. Institutional activity is mixed — Norges Bank exited a large position while Renaissance Technologies added a new one. Short interest is elevated at 58.2% of float, suggesting bearish positioning. The bottom line: Freedom Broker’s double upgrade removes a Sell rating but remains below consensus, making this a cautious positive signal that does not fully align with the bullish Street view.
Impact Score
Consensus & Targets
Consensus on WMT is overwhelmingly bullish: 14 Strong Buy, 30 Buy, 4 Hold, 0 Sell, 0 Strong Sell — 92% Buy-rated across 48 analysts. Freedom Broker’s Hold is a contrarian outlier relative to this bullish consensus.
Current price: $130.85. Mean target: $137.78 (implied upside 5.3%). Median: $140. High: $150. Low: $62. Freedom Broker’s $133 target is below the mean and median, ranking in the lower third of the range.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-05-21 | Freedom Broker | upgrade | Hold | — |
| 2026-05-15 | Piper Sandler | maintain | Overweight | $137.00 |
| 2026-05-11 | Wolfe Research | maintain | Outperform | $137.00 |
| 2026-05-07 | TD Cowen | maintain | Buy | $150.00 |
| 2026-05-06 | BTIG | maintain | Buy | — |
| 2026-04-22 | Morgan Stanley | maintain | Overweight | $140.00 |
| 2026-04-13 | Guggenheim | maintain | Buy | — |
| 2026-02-25 | Tigress Financial | maintain | Buy | $150.00 |
| 2026-02-23 | Evercore ISI Group | maintain | Outperform | $135.00 |
| 2026-02-20 | TD Cowen | maintain | Buy | $145.00 |
In the past 30 days, WMT has seen 1 upgrade (Freedom Broker) and 0 downgrades. EPS revisions are slightly positive: for the current fiscal year, 7 upward revisions vs 0 downward in the past 7 days, and 8 up vs 4 down over 30 days. Estimates are trending modestly higher.
Firm Track Record — Freedom Broker
Freedom Broker accuracy: 66% on 68 calls | avg return: 11.8%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| B of A Securities | 100% | 4/4 | 12.9% | top tier |
| BMO Capital | 100% | 5/5 | 17.5% | top tier |
| BTIG | 100% | 2/2 | 13.3% | top tier |
| Mizuho | 100% | 3/3 | 3% | top tier |
| TD Cowen | 100% | 3/3 | 13.5% | top tier |
| Bernstein | 100% | 3/3 | 14.2% | top tier |
| Roth MKM | 100% | 4/4 | 10.7% | top tier |
| DA Davidson | 100% | 4/4 | 11.9% | top tier |
| Deutsche Bank | 100% | 2/2 | 17.7% | top tier |
| Evercore ISI Group | 100% | 22/22 | 11.6% | top tier |
Freedom Broker has a 66% accuracy rate on 68 calls with an average return of 11.8%. This is below the top-tier firms covering WMT (e.g., BofA, BMO, BTIG, Mizuho, TD Cowen, Bernstein, Roth MKM, DA Davidson, Deutsche Bank, Evercore, Goldman Sachs, Guggenheim, Raymond James, RBC Capital — all 100% accurate on small samples). The best-performing firm is Deutsche Bank (avg return 17.7%), the worst is Mizuho (avg return 3.0%).
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $0.66 | $0.63 — $0.69 | $174.8B | ↑4 ↓0 |
| +1q | $0.75 | $0.70 — $0.84 | $186.3B | ↑1 ↓0 |
| 0y | $2.92 | $2.81 — $3.19 | $748.7B | ↑7 ↓0 |
| +1y | $3.29 | $3.08 — $3.71 | $784.5B | ↑5 ↓0 |
Cross-Platform Signals
Insider selling is a bearish contra-signal: CEO McMillon sold $2.57M on April 23, and other executives (Furner, Nicholas, Bartlett) sold smaller amounts in April/May. No insider buys were recorded. Institutional activity is mixed — Norges Bank exited a large position (value $6.46B) while Renaissance Technologies added a new $128M position. Short interest is elevated at 58.2% of float, indicating significant bearish positioning. Congressional trades: none. The insider selling and high short interest diverge from the bullish analyst consensus, adding caution.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 29d ago | Insider Cluster | $108.42 $107.15 | ▼ −1.17% | ▼ −0.02% | $104.41 (−3.70%) |
Aug 27, 2026 5w ago | Insider Cluster | $102.63 $106.09 | ▲ +3.37% | ▲ +4.14% | $104.41 (+1.73%) |
Aug 20, 2026 6w ago | 8-K | $103.84 $102.63 | ▼ −1.17% | ▼ −2.28% | $104.41 (+0.55%) |
Jul 1, 2026 13w ago | Court Ruling | $108.82 $111.54 | ▲ +2.50% | ▲ +2.24% | $104.41 (−4.05%) |
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Jun 24, 2026 14w ago | Court Ruling | $119.00 $108.82 | ▼ −8.55% | ▼ −10.26% | $104.41 (−12.26%) |
Jun 17, 2026 15w ago | Insider Cluster | $117.18 $115.78 | ▼ −1.19% | ▲ +0.47% | $104.41 (−10.90%) |
Jun 17, 2026 15w ago | Court Ruling | $118.13 $115.78 | ▼ −1.99% | ▼ −1.09% | $104.41 (−11.61%) |
Jun 9, 2026 16w ago | Court Ruling | $118.88 $121.03 | ▲ +1.81% | ▲ +0.01% | $104.41 (−12.17%) |
Jun 5, 2026 17w ago | Court Ruling | $118.88 $121.04 | ▲ +1.82% | ▲ +1.25% | $104.41 (−12.17%) |
US Market Status
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