Walmart Inc. (NYSE:WMT) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
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On October 15, DA Davidson reaffirmed its Buy rating and $117.00 price target for Walmart Inc. after the retailer announced a partnership with OpenAI.
The firm pointed out that Walmart’s new collaboration with OpenAI, revealed on Tuesday, will also let customers shop at Walmart through ChatGPT using the Instant Checkout platform.
DA Davidson had earlier identified Walmart Inc. as a likely beneficiary of the growing “Agentic Commerce” trend, following OpenAI’s introduction of Instant Checkout for ChatGPT last week. According to the research firm, the company is well-positioned to thrive in this evolving commerce environment because of its large scale, which supports investment in new technology, and its proactive approach to adopting AI solutions.
The recent partnership reinforces DA Davidson’s belief that Walmart Inc. will stand out as a leader among traditional retailers in what it describes as the “Agentic Commerce race.”
Alongside its technological progress, Walmart Inc. has also drawn investor interest for its dividend track record, having increased its payouts for 52 straight years. The company currently offers a quarterly dividend of $0.235 per share and has a dividend yield of 0.89%, as of October 16.
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