RBC Capital raised the firm’s price target on Walmart (WMT) to $103 from $102 and keeps an Outperform rating on the shares. Having attended the company’s Annual Associates & Shareholders Week meeting, the firm notes that the management’s tone and messaging was consistent with the Q1 earnings call in mid-May. The management shared that they’re working on an AI-enabled offering that will re-order core grocery items when they’re running low as the company is working to leverage AI to pair consumer purchase data + smart-fridge technology, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart’s Strategic Growth: Fresh Sales Surge, Technological Advancements, and Omni-Channel Investments
- Walmart price target raised to $110 from $105 at KeyBanc
- Strategic Growth and Margin Expansion Drive Buy Rating for Walmart
- Walmart’s Strong Market Position and Growth Potential: A Buy Rating by Robert Ohmes
- Nvidia, Microsoft, AT&T, PayPal, Walmart: Major Stock Moves!
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue