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Update: BofA Securities Cuts Price Target on Walmart to $144 From $150, Maintains Buy Rating

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(Updated with BofA's commentary).

BofA Securities lowered its price target on Walmart (WMT) to $144 from $150, while defending the stock on the pullback following its fiscal Q1 results.

Walmart's share gains are expected to accelerate with a price-conscious consumer and drive a return to a beat/raise cycle assuming the freight environment doesn't worsen, analyst Christopher Nardone wrote in a Thursday note.

There is continued strength expected in e-commerce and alternative revenue streams, and expects membership to accelerate given focus on value, improving delivery speeds, and gas saving, Nardone said.

Walmart has an average rating of overweight and mean price target of $140.37, according to analysts polled by FactSet.

Price: $119.53, Change: $-1.82, Percent Change: -1.50%

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Zoom Communications Fiscal Q1 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

Zoom Communications (ZM) reported fiscal Q1 adjusted diluted earnings late Thursday of $1.55 a share, up from $1.43 a year earlier.Analysts polled by FactSet expected $1.42.Revenue in the three months ended April 30 rose to $1.24 billion from $1.17 billion a year earlier.Analysts surveyed by FactSet expected $1.22 billion.The company expects fiscal Q2 non-GAAP diluted EPS of $1.45 to $1.47 on revenue of $1.265 billion to $1.27 billion. Analysts expect EPS of $1.49 on revenue of $1.266 billion.Zoom expects full-year non-GAAP diluted EPS of $5.96 to $6 on revenue of $5.08 billion to $5.09 billion, up from the prior outlook of EPS of $5.77 to $5.81 on revenue of $5.065 billion to $5.075 billion.Analysts polled by FactSet expect EPS of $5.88 on revenue of $5.075 billion.Zoom shares rose 7% in after-hours trading.

$ZM
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Deckers Outdoor Fiscal Q4 Earnings Fall, Revenue Rises; Sets Fiscal 2027 Guidance

Deckers Outdoor (DECK) reported fiscal Q4 earnings late Thursday of $0.96 per diluted share, down from $1.00 a year earlier.Analysts polled by FactSet expected $0.83.Net sales for the quarter ended March 31 were $1.12 billion, up from $1.02 billion a year earlier.Analysts surveyed by FactSet expected $1.09 billion.The company expects fiscal 2027 earnings of $7.30 to $7.45 per share on net consolidated sales of $5.86 billion to $5.91 billion. Analysts polled by FactSet expect $7.35 and $5.82 billion, respectively.The company said its board has approved an increase of $3.5 billion to the stock repurchase authorization, which brings total outstanding authorization to about $5 billion.

$DECK
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Earnings Flash (TTWO) Take-Two Interactive Software Posts Fiscal Q4 Per Share Loss -$0.32, vs. FactSet Est of $-0.57 Loss

Earnings Flash (TTWO) Take-Two Interactive Software Posts Fiscal Q4 Per Share Loss -$0.32, vs. FactSet Est of $-0.57 Loss

$TTWO