Citi analyst Paul Lejuez has maintained their bullish stance on WMT stock, giving a Buy rating on October 10.
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Paul Lejuez has given his Buy rating due to a combination of factors, primarily highlighting Walmart’s innovative partnership with OpenAI. This collaboration allows Walmart to enable customers to make purchases directly within ChatGPT, setting it apart from other retailers who merely link to their websites. This initiative underscores Walmart’s commitment to enhancing shopping convenience and maintaining a technological edge.
Furthermore, Lejuez believes this partnership positions Walmart advantageously as a first-mover in the evolving landscape of AI-driven shopping. Despite some uncertainties regarding the partnership’s specifics, such as economic details and branding, the analyst remains confident in Walmart’s ability to leverage this opportunity. This strategic move, along with Walmart’s ongoing technological advancements, reinforces its status as a leader in retail, both in the short and long term.
In another report released on October 10, Bank of America Securities also maintained a Buy rating on the stock with a $125.00 price target.
Based on the recent corporate insider activity of 218 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMT in relation to earlier this year.