Street View: Walmart targets growth with digital, advertising investments

Walmart WMT.N CEO Doug McMillon during annual shareholders' meeting on Friday emphasized the retail giant's investments in areas including wages, opportunity, innovation and technology to strengthen the company

At least three brokerages raise PT on the stock

Median PT of 44 brokerages covering the stock is $110 - LSEG

DIGITAL ADVANCES, AD INVESTMENTS TO STRENGTHEN BUSINESS

Telsey Advisory Group ("outperform", PT: $115) focus on empowering associates with technology to better serve customers remains the path forward to keep the company ahead of the curve in retail

Adds that WMT is enhancing its retail ecosystem with tech, new services, and advertising to drive profitability and outpace sales growth

RBC Capital Markets ("outperform", PT: $103) highlights Walmart's AI-enabled offering that auto-reorders core grocery items as they run low, noting it could drive recurring revenue and improve inventory and delivery efficiency

BMO Capital Markets ("outperform:, PT: $110) believes Walmart will continue to demonstrate growing impact of its multi-year investment to transform its business

Adds that despite potential for near-term volatility from tariffs across retail industry, Walmart will emerge as a major share gainer