Walmart (WMT) Stock Is Down 3%. Here's Why I'd Buy in November and Hold for a Decade.
The retail giant is still an evergreen investment.
In May 2026, Walmart's stock hit an all-time high of $133.88, marking a 238% increase over the previous four years. As of now, it has only dropped by 3% to $130. Despite this slight dip, I believe Walmart remains an excellent stock to invest in for the next decade. With over 10,900 stores, warehouse clubs, e-commerce websites, and regional banners in overseas markets, Walmart's scale allows it to sell products at lower margins than competitors.
Its brick-and-mortar stores also fulfill online orders, helping it stay competitive with Amazon. Additionally, Walmart's private-label products, shopping app, and Walmart+ subscription service provide further advantages. Analysts forecast Walmart's net sales and adjusted EPS to grow at CAGRs of 5% and 11% respectively from fiscal 2026 to fiscal 2029.
While its current price of $130 might seem high at 40 times next year's earnings, its extensive reach, consistent growth, and strong brand make it a valuable long-term investment.
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