Eight wins in their last nine games in all competitions has helped instil belief in a side who had struggled to come to terms with the high-profile summer departures of former captain Cesc Fabregas and Samir Nasri.
Walcott, who capped a splendid individual performance in the epic 5-3 win over Chelsea with a fabulous solo goal, believes that with upcoming games against West Brom, Fulham, Norwich and Wigan, the Gunners are set to continue their ascent up the table.
He said: “We are not looking too far ahead. We don’t want to say where we’re going to finish at the end of the season, but the way we’re playing at this moment in time we believe we can beat anyone.
“We’re enjoying our football, our run is great now and we’re just going to keep on continuing that. Everyone is buzzing at the moment.”
Robin van Persie stole the headlines with a hat-trick at Stamford Bridge, but Walcott believes the recent upturn in fortunes has as much to do with the contributions of recent signings Mikel Arteta and Andre Santos as the Dutch striker’s goalscoring prowess.
He said: “We have got some characters and Andre Santos was absolutely brilliant. He looks like he has been in the Premier League for many years.
“We have the right balance between youth and experience now and we’ve got a lot players coming back from injury too.”