BTIG Starts Walmart (WMT) at Buy, Highlighting Market Share and Profit Growth Potential

Walmart Inc. (NYSE:WMT) ranks among the stocks in Bill Gates’ portfolio that analysts are watching. On October 14, BTIG started tracking Walmart Inc. (NYSE:WMT) with a Buy rating and a $120 price target. Additionally, the firm projected the retail giant’s earnings per share for fiscal years 2026 and 2027 to amount to $2.60 and $2.85, respectively.

BTIG recognized Walmart’s integrated digital and physical strategy as a major contributor in providing value to both customers and shareholders.

The firm stated it is confident that CEO Doug McMillon has set up the company for future growth in both market share and profits. BTIG expects these positive trends to persist despite macroeconomic constraints on the retail sector.

On the same day, Walmart Inc. (NYSE:WMT) announced a collaboration with OpenAI that would enable customers to use the Instant Checkout platform to shop through ChatGPT. According to the retail giant, customers can interact with the system to plan meals, refill essentials, or discover new products through this partnership.

Walmart Inc. (NYSE:WMT) ranks as the world’s largest brick-and-mortar retailer, with over 100,000 stores. The company’s sectors include Walmart US, Walmart International, and Sam’s Club, which provide a wide range of products, including clothes, electronics, and home furnishings.

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Disclosure: None. This article is originally published at Insider Monkey.