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Walmart Stock Surges 20% in 2026: Should Investors Buy Ahead of Earnings?

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WMT Stock Card

TLDR

  • Walmart stock has gained 20.18% in 2026, outperforming the S&P 500 and Dow Jones indices.
  • Walmart became the first retailer to reach a $1 trillion market capitalization.
  • Analysts have a ‘Strong Buy’ rating for Walmart stock, but price targets suggest limited growth.
  • Walmart stock is expected to retrace slightly, with a 12-month target price of $133.04.
  • The company has exceeded earnings per share forecasts in three of the last four quarters.

Walmart (NYSE: WMT), one of the top-performing blue-chip stocks of 2026, is set to release its next quarterly earnings report on February 19. Investors are closely monitoring whether Walmart stock remains a solid buy ahead of the event. The retail giant has recently achieved impressive growth, making it a standout in a challenging market.

Walmart Stock Recent Performance

Walmart stock has surged 20.18% in 2026, outpacing both the S&P 500 and Dow Jones indices. In contrast, the broader market has struggled, with the S&P 500 declining by 0.33% and the Dow Jones rising by just 2.31%. This strong performance is raising questions about whether the stock can continue to climb or if a pullback is imminent.


WMT Stock Card
Walmart Inc., WMT

The retailer’s market capitalization recently crossed $1 trillion, making it the first retailer to reach this milestone. Despite its success, there are concerns about the stock’s high valuation, especially ahead of its upcoming earnings report. A slight miss in earnings could trigger a correction, similar to what occurred with Microsoft’s stock after its latest report.

Wall Street remains largely positive on Walmart stock, with an average rating of ‘Strong Buy.’ However, analysts’ 12-month price targets suggest that the stock may see only modest growth. Walmart stock is expected to retrace 0.63%, with a target price of $133.04 in the next year.

Several analysts have raised concerns about potential pullbacks despite the positive outlook. Bernstein’s Zhihan Ma recently maintained a ‘Buy’ rating but forecasted a drop to $129. Similarly, Citi’s most bullish forecast of $147 suggests just a 9.79% increase from current levels. These predictions indicate that even optimistic estimates expect limited upside for the stock in the near term.

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The Outlook for Walmart’s Earnings Report

Ahead of its earnings report, Walmart’s strong performance in recent quarters offers some reassurance. The company has exceeded earnings per share (EPS) forecasts in three of the last four quarters, increasing the likelihood of another beat. Walmart’s diversified business model, which includes e-commerce and technology, positions it well in both favorable and unfavorable economic conditions.

Even if the economy faces a downturn, Walmart’s reputation for offering ‘great value’ prices could drive continued consumer demand. This defensive nature of Walmart’s business model has contributed to its strong performance, making it a relatively safe investment in uncertain times.

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Crypto World

Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR

  • Nexo is relaunching its crypto services in the United States after more than three years of absence.
  • The platform will offer yield programs, a spot exchange, and crypto-backed credit lines to US users.
  • Nexo has partnered with Bakkt to provide the trading infrastructure for its US operations.
  • The company’s return is driven by improved regulatory clarity for digital assets in the US.
  • Nexo’s new US operations will be based in Florida and run by an announced management team.

Crypto platform Nexo is set to return to the United States after more than three years. The company paused its operations in 2022 due to regulatory concerns. Now, with clearer guidelines in place, Nexo aims to offer crypto services including yield programs, a spot exchange, and more.

Nexo Partners with Bakkt for Trading Infrastructure

Nexo’s trading infrastructure will be powered by Bakkt, a US-based digital asset platform. Bakkt primarily serves institutional clients but will help Nexo build its new US offering. Eleonor Genova, Nexo’s head of communications, confirmed that the platform will provide both flexible and fixed-term yield programs.

The platform will also feature crypto-backed credit lines and a loyalty program for US customers. Nexo’s management team will operate the new venture from Florida, with plans to announce the team soon. Genova emphasized that all services will be offered through partnerships with licensed US providers.

After leaving the US market in late 2022, Nexo now sees improved regulatory clarity for digital assets in the country. The company originally withdrew due to what it called an unfriendly regulatory environment under former SEC chair Gary Gensler. Nexo’s “Crypto Earn” program, which lets users earn interest on their crypto holdings, was a key issue in the company’s exit.

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Nexo settled with the SEC in 2023, agreeing to pay $45 million for failing to register its interest-bearing program. The company later shut down the program for US users, marking the end of its earlier US operations. Despite these setbacks, Nexo now believes the regulatory landscape is more favorable for blockchain businesses.

Nexo’s Relaunch and US Crypto Regulatory Landscape

Nexo’s return comes as the US continues to work on crypto regulations. The House recently passed the CLARITY Act, but the Senate has yet to move it forward. Patrick Witt, a White House crypto advisor, called for compromises to pass crypto-related legislation before the 2024 elections.

This renewed effort to regulate crypto coincides with Nexo’s own regulatory framework. Genova stated that the new US operations are compliant with US securities laws. The company hopes to provide a stable platform for crypto users amid ongoing regulatory discussions.

Nexo’s rebooted platform will rely on third-party advisory services registered with the SEC. This ensures that the services offered are in line with applicable securities laws. The crypto exchange aims to establish itself as a trusted platform for US users after its previous exit.

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Nexo Relaunches Crypto Platform in the United States

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SEC, United States, Nexo

Nexo is set to relaunch its digital asset services and crypto exchange platform in the US on Monday, more than three years after it left the market following battles with federal and state regulators.

Now, citing improved regulatory clarity for digital assets in the US, the rebooted Nexo platform will offer flexible and fixed-term yield programs, a spot cryptocurrency exchange, crypto-backed credit lines and a loyalty program for US users, Nexo head of communications Eleonor Genova told Cointelegraph.

The platform’s trading infrastructure will be provided by Bakkt, a US-based digital asset platform focused on serving institutional clients. Genova said:

“Nexo’s US offering is structured through partnerships with appropriately licensed US service providers. Certain services are made available via a third-party Securities and Exchange Commission-registered (SEC) investment adviser, which provides advisory services under applicable US securities laws.”

SEC, United States, Nexo
Current SEC Chair Paul Atkins testifies to Congress. The SEC has made a pro-crypto regulatory pivot under Atkins’ leadership. Source: US House Committee on Financial Services

The new US operations will be based in Florida and run by a management team to be announced soon, according to the company.

Nexo first announced plans to re-enter the US during an exclusive event in April 2025, which featured Donald Trump Jr., the son of US President Donald Trump, as a keynote speaker. At the event, Trump Jr. described crypto as the future of finance.

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Related: Nexo to pay $500K fine to California regulator over ‘risky loans’

2022 exit cited regulatory uncertainty under Gensler regime

Nexo left the US market in December 2022 during the depths of the crypto bear market, citing the hostile regulatory posture toward the crypto industry under the leadership of former SEC chair Gary Gensler.

SEC, United States, Nexo
Source: Nexo

The company said it had decided to exit the US out of necessity after engaging in “good faith” conversations with US state and federal regulators over 18 months that did not move the needle.

“It is now unfortunately clear to us that despite rhetoric to the contrary, the US refuses to provide a path forward for enabling blockchain businesses,” the company said at the time.

Nexo’s “Crypto Earn” program, which allowed users to earn compounding interest on select cryptocurrencies loaned to the platform, was a major point of contention between the SEC and the company.

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In January 2023, Nexo agreed to a $45 million settlement with the SEC over failing to register its interest-bearing crypto rewards program with the regulator. The company also settled a $22.5 million multi-state securities settlement related to the earn interest program.

The company shuttered its Crypto Earn program for US users one month later.

Washington mulls crypto “clarity”

Nexo’s market reentry comes amid efforts in Washington to pass a bill defining how US market regulators will police crypto. The House passed a similar bill, the CLARITY Act, in July, but the effort has stalled as the Senate Banking Committee has yet to gather enough bipartisan support to advance it.

White House crypto adviser Patrick Witt said on Friday that both sides must compromise on the issue and push for passage before November’s midterm elections. Contributing to the stalemate are concerns voiced by crypto industry executives, which US Treasury Secretary Scott Bessent believes have negatively impacted the industry, he told CNBC on Friday.

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A White House-brokered meeting last week between crypto and banking industry representatives to reach an agreement on stablecoin provisions in the market structure bill was described as “productive,” but remains unresolved. 

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