Walmart may see sales lift from Gemini partnership, says Goldman Sachs

Goldman Sachs analyst Kate McShane keeps a Buy rating and $121 price target on Walmart (WMT) after the company’s ICR Conference presentation. The management sounded constructive on AI at Walmart, and the firm expect this to be a key topic for the company throughout 2026, the analyst tells investors in a research note. Goldman further contends that Walmart could see a sales lift from its partnerships with Google (GOOGL) and OpenAI (ChatGPT) given their large user bases and ability to serve customers on new occasions which do not begin with commercial intent.