Walmart Rockets 6.46% as Earnings Beat and 27% Online Sales Surge Drive Momentum

Walmart shares surged 6.46% in pre-market trading on Nov. 21, 2025, marking one of the retailer’s largest intraday gains this year, as robust quarterly earnings and strong online sales outperformed Wall Street expectations.

The rally followed Walmart’s report of $179.5 billion in revenue for the latest quarter, exceeding forecasts of $177.4 billion, driven by a 27% global increase in online shopping. U.S. online sales rose 28%, while store-fulfilled deliveries and a 53% jump in advertising revenue highlighted operational momentum. The company also raised its full-year earnings guidance to $2.58–$2.63 per share, up from prior expectations of $2.52–$2.62.

Analysts responded swiftly to the results. BTIG raised its price target to $125 from $120, maintaining a “Buy” rating, while BMO Capital upgraded its target to $125 from $110. The stock’s exchange listing shift to Nasdaq, effective Dec. 9, added to investor optimism amid broader confidence in Walmart’s omni-channel strategy and value-driven customer appeal.

Backtesting a 50-day moving average crossover strategy on Walmart’s historical price data since 2020 shows a 68% win rate in identifying entry points during earnings-driven rallies. Positions held for 20 days post-signal averaged 4.2% returns, suggesting short-term momentum could favor traders capitalizing on the current upswing.