Shares in Walmart (WMT) stock hit a new all-time high of $120 on Tuesday, ahead of the company’s inclusion in the Nasdaq-100. The move follows Walmart’s strategic decision to shift its stock listing from the New York Stock Exchange to Nasdaq’s Global Select Market in late 2025, ending a more than 50-year association with the NYSE.

Walmart has performed well to start 2026 after the Nasdaq announcement, up 8% YTD. Compared to other dividend stocks, many analysts view WMT as one of the best options on the market. With this inclusion, more eyes will be on Walmart shares, which is one of the main reasons why the stock is surging now.

Additionally, Walmart shared a promising update to open the year, an expansive partnership with Alphabet (GOOGL) for its drone delivery service. Walmart is expanding its drone delivery service, increasing locations to 270 by 2027, which will allow 40 million customers access to deliveries within 30 minutes. “Drone delivery plays an important role in our ability to deliver what customers want, exactly when they want it,” said Greg Cathey, senior vice president of Digital Fulfillment Transformation at Walmart. “By expanding drone delivery to new major metro areas, we are helping more customers solve their last-minute needs faster than ever before.” Wing started in the labs of Google in 2012 and became an independent Alphabet business in 2018.

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Wall Street expects a strong climb in Walmart (WMT) shares by the end of this year. Per analysts at BTIG, Walmart’s integrated digital and physical strategy is “delivering value” to customers and shareholders. Additionally, CEO Doug McMillon has positioned the company for continued market share and profit gains despite macro pressures. Furthermore, Walmart is expected to report earnings of $0.72 per share and revenues of $189.84 billion, reflecting strong growth despite a stable EPS estimate, which could send WMT higher as well. As a result, price forecasts for the stock have been raised to as high as $130.