DA Davidson Maintains Buy Rating on Walmart (WMT) Following Partnership with OpenAI

Core Insights - Walmart Inc. has been recognized as one of the 15 Dividend Stocks that have raised payouts for over 20 years [1] - DA Davidson maintains a Buy rating and a price target of $117.00 for Walmart following its partnership with OpenAI [2] - The partnership allows customers to shop at Walmart through ChatGPT using the Instant Checkout platform, positioning Walmart as a leader in the "Agentic Commerce" trend [3][4] Financial Performance - Walmart has increased its dividend payouts for 52 consecutive years, currently offering a quarterly dividend of $0.235 per share, resulting in a dividend yield of 0.89% as of October 16 [4] Strategic Positioning - The collaboration with OpenAI is expected to enhance Walmart's competitive edge in the evolving commerce environment, leveraging its scale and proactive adoption of AI technologies [3][4] - DA Davidson believes Walmart will excel in the "Agentic Commerce race" among traditional retailers due to its technological advancements [4]