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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart’s Strategic AI Partnership with OpenAI: A First-Mover Advantage in Retail
- Ibotta cut to Sell at Goldman Sachs on diminishing visibility into growth
- Moderately bullish activity in Wal-Mart with shares up 4.96%
- Walmart initiated with a Buy at BTIG
- Walmart (WMT) Partners with OpenAI to Improve Retail Experience