Tigress Financial Partners has revised its price target for Walmart (NASDAQ:WMT) upwards to $135, raising expectations from its earlier projection. Despite trading currently at around $118.38 and holding a market capitalization of approximately $943.67 billion, Walmart continues to attract bullish sentiment due to its tech-driven expansion and artificial intelligence investments.
The firm highlights Walmart’s strategy to embed AI across its entire ecosystem. This includes enhancing customer shopping experiences, boosting digital commerce capabilities, expanding retail media platforms, harnessing data for monetization, and automating supply chain operations. According to Tigress Financial, these advancements deepen Walmart’s value proposition to consumers and contribute to faster top-line growth alongside improved operating margins.
With trailing twelve-month revenues reaching $703 billion, Walmart is pursuing an intent-aware AI framework that integrates multiple aspects of retail rather than isolated product searches. This approach encompasses e-commerce, advertising, supply chain, and in-store domains, effectively orchestrating comprehensive shopping missions. However, the retailer currently exhibits a price-to-earnings ratio of 41.3, which some analysts regard as elevated relative to traditional retail benchmarks.
Further analysis reveals Walmart’s strategic partnerships with major AI platforms such as OpenAI’s ChatGPT and Google’s Gemini. These collaborations support the company’s ongoing digital transformation, particularly in areas like supply chain efficiency and retail media operations—both recognized as high-margin and capital-light segments. Walmart’s longstanding financial discipline is reflected in its uninterrupted dividend payments for 53 years, including three decades of consecutive raises, illustrating stability despite moderate debt levels.
In addition to technology investments, Walmart is diversifying its marketplace offerings by launching a Premium Musical Instrument Shop. This new vertical features professional-grade products from brands like Fender, Roland, and Boss, including both new and resold merchandise—a move marking its initial venture into this specialty segment.
Corporate leadership adjustments are underway as well, with John Furner slated to assume the CEO role effective February 1, 2026. In anticipation, Walmart has implemented executive changes, appointing Seth Dallaire to EVP and Chief Growth Officer to oversee global enterprise platforms, signaling renewed focus on growth initiatives.
Market analysts echo positive views regarding Walmart's future prospects. Wolfe Research sustains its Outperform rating with a $130 price objective, noting the leadership transitions as part of talent development and strategic renewal. Similarly, Raymond James maintains an Outperform stance, emphasizing Walmart’s integration with OpenAI and Google Gemini technologies as enhancing its position in agentic commerce. TD Cowen reiterates a Buy rating and $136 target, underscoring the transformative potential of Walmart's AI-driven retail innovations.
These cumulative efforts reflect Walmart’s commitment to advancing its competitive stance through technological innovation and leadership evolution, aiming to sustain market relevance and shareholder value in a rapidly changing retail environment.