CNN stock analyst Jim Cramer is signaling there may be momentum behind Walmart (WMT) stock, calling it a key non-tech stock buy. The Mad Money host recently spoke about WMT on his show, saying that amid a drop in tech shares, which he’d rather invest in, WMT can be a safety net. While he says he doesn’t like WMT at current prices, he acknowledges that if its stock and rival Costco (COST) continue to drop, it will be hard to turn down investing in them.

“I actually don’t like Walmart here,” Cramer said on a recent episode. “I think that the stock has moved up too much and we want to wait. And then if, and I’ll tell you the truth, maybe in the low $80s, no, maybe even the high $70s because right now retail’s a very hard thing to do.” The analyst even suggests that TJ Maxx (TJX) stock may be just as promising.

However, amid a current drop in tech stock values, companies like WMT could be a solid alternative. “I would rather be in tech than I would say, you know except for Walmart and Costco, those are the ones that you buy at this moment. Walmart is down ten straight points. That’s wrong…”

At press time, WMT stock is down 11.6% in the past month. Shares have moved slightly around the $85 mark over the last week. Walmart’s latest update around upgrading from Affirm to Klarna, and the new Wally AI tool, have investors bullish on the company’s stock growth in the remainder of 2025. With the e-commerce industry rapidly growing, Walmart (WMT) is emerging as a top company in both digital and in-person shopping. The move to Klarna will support both methods of sales for WMT, leading to strong revenue numbers in 2025.

Analysts at CNN project a near 40% upside for Walmart over the next calendar year, another good year of growth for 2024’s top company. The stock projects to rise to $120, with over 90% of analysts surveyed suggesting to buy the stock. On the other hand, Hedge fund holdings of WMT decreased last quarter and may do the same in the next. At a minimum, WMT could see 8% growth over the next year, far from the 40% profit its stock has made over the past 365 days.