Walmart (WMT) Gets Higher Price Target from Tigress Financial as AI Investments Gain Traction

Walmart Inc. (NASDAQ:WMT) is included among the 10 Best Long-Term Dividend Stocks to Invest In According to Billionaires.

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Tigress Financial analyst Ivan Feinseth raised the firm’s price recommendation on Walmart Inc. (NASDAQ:WMT) to $155 from $150 on May 29.  He reiterated a Buy rating on the shares. The analyst said Walmart’s “AI-driven platform transformation” is creating “multiple high-margin growth engines.” In a research note, Feinseth told investors that the company’s investments in AI infrastructure, along with the expansion of higher-margin revenue verticals, support a premium valuation for the stock.

On May 21, Reuters reported that Walmart maintained its conservative full-year sales and profit guidance, a move that weighed on the shares despite an increase in demand from shoppers seeking lower-priced groceries and essential goods as fuel costs climbed.

Retailers across the United States have pointed to mounting pressure on consumer spending this year. Consumer sentiment fell to a record low in May, while inflation recorded its largest increase in three years. For the first quarter, Walmart reported a 5% increase in operating income to $7.49 billion. Net sales rose 7.1% to $175.7 billion. CEO John Furner kept the company’s annual outlook unchanged. Analysts have characterized the forecast as conservative, with Walmart continuing to target net sales growth of 3.5% to 4.5% and earnings per share of $2.75 to $2.85.

Walmart Inc. (NASDAQ:WMT) is a technology-powered omnichannel retailer. The company operates retail and wholesale stores and clubs, as well as eCommerce websites and mobile applications, across the United States (U.S.), Africa, Canada, Central America, Chile, China, India, and Mexico.

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