RBC Capital Remains Bullish on Walmart (WMT), Cites Leadership Position, Pricing Discipline, and Long-Term Growth Potential

Walmart Inc. (NYSE:WMT), which accounts for 1.86% of Bill Gates’s stock portfolio, is one of his top 15 stock picks.

RBC Capital Remains Bullish on Walmart (WMT), Cites Leadership Position, Pricing Discipline, and Long-Term Earnings Growth Potential

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On October 29, 2025, RBC Capital’s Steven Shemesh raised his price target on Walmart Inc. (NYSE:WMT) from $106 to $116, reiterating his “Outperform” rating, The Fly reported.

This price revision follows investor meetings with Walmart Inc.’s (NYSE:WMT) IR team. The analyst expressed confidence in the company’s leadership position, pricing discipline, and long-term earnings growth potential. Furthermore, Shemesh cited the company’s growing focus on AI-driven efficiencies through its partnership with OpenAI and digital initiatives such as Snap benefits integration. Discussions with management also highlighted consumer health trends and inflation dynamics.

Meanwhile, on the same day, Eli Lilly announced its partnership with Walmart Inc. (NYSE:WMT). With this partnership, the healthcare company will offer its popular weight-loss drug Zepbound at Walmart pharmacies across the U.S. through LillyDirect. Through this collaboration, Walmart looks to deepen its push into the health and wellness sector. Walmart entered the sector in 2019 when it unveiled its first health center.

With its retail stores, eCommerce platforms, and membership clubs, Walmart Inc. (NYSE:WMT) offers groceries, consumer goods, financial services, and health and wellness products.

While we acknowledge the potential of WMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.