Where is Walmart Inc. (WMT) Headed?

Walmart Inc. (NYSE:WMT) is one of the best long term low volatility stocks to invest in. On January 30, UBS lifted the price target on Walmart Inc. (NYSE:WMT) to $135 from $122 and maintained a Buy rating on the stock.

In a separate development, Walmart Inc. (NYSE:WMT) announced on January 28 that it is supporting its continuously expanding presence in the Health & Wellness domain by investing in pharmacy associates delivering care. The company elevated 3,000 roles to pharmacy operations team lead positions, paying an average of $28 an hour, with the potential to earn up to $42 an hour. Management clarified that pharmacy technicians make an average of $22 an hour and will be eligible to make more with increased pay ranges up to $40.50 an hour.

Reuters reported the same day that Walmart Inc.’s (NYSE:WMT) move is aimed at bolstering local pharmacy teams and expanding staffing across its 4,600 locations, as the company is in the process of strengthening its digital offerings, such as expanded pharmacy delivery, access to Eli Lilly’s LillyDirect program, and Better Care Services. No college degree is required to take on the role of a pharmacy sales associate, technician, or operations team lead, as Walmart Inc. (NYSE:WMT) pays for associates to become certified pharmacy technicians.

Reuters also provided additional perspective on the situation, stating that Walmart Inc.’s (NYSE:WMT) rival Amazon has also been expanding same-day prescription delivery to additional U.S. cities to push into the pharmacy market, and recently began offering Novo Nordisk’s new Wegovy weight‑loss pill through insurance plans.

Walmart Inc. (NYSE:WMT) is an omnichannel retailer operating retail and wholesale stores, clubs, e-commerce websites, and mobile applications. It offers an elaborate array of items, including food, beverages, general merchandise, electronics, and more.

While we acknowledge the potential of WMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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