DA Davidson analyst Michael Baker keeps a Buy rating and $117 price target on Walmart (WMT) but believes that the company will be a winner among traditional retailers in the Agentic Commerce race thanks to their scale as well as their early embrace of AI ideas. The firm is citing the announcement by Walmart and OpenAI that soon consumers will be able to shop on Walmart through ChatGPT using the Instant Checkout platform, the analyst tells investors in a research note.
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