After The Information reported on March 4 that OpenAI is scaling back its plan to introduce shopping directly inside of ChatGPT, BofA analyst Christopher Nardone views this as a net positive for Walmart (WMT), noting that this change would bring about an integrated commerce solution that’s similar to Walmart’s partnership with Google’s (GOOGL) Gemini announced in January. Once Walmart’s own platform “Sparky” is integrated within the platform, Walmart should have an advantage showing up in searches given its low pricing and vast product assortment, adds the analyst, who maintains a Buy rating and $150 price target on Walmart shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Why This Top-Rated Analyst Says Walmart Stock (WMT) Is No Longer a Buy
- Walmart (WMT) vs Target (TGT): Which Retail Stock Looks Tastier after Earnings?
- Walmart: Capitalizing on Agentic AI Commerce and Retail Media to Drive Growth and Margins
- Walmart downgraded to Hold from Buy at Erste Group
- Mixed options sentiment in Wal-Mart with shares down 0.28%