RBC Capital Retains an Outperform Rating on Walmart Inc. (WMT)

Core Insights - Walmart Inc. (NASDAQ:WMT) is recognized as one of the best jewellery stocks to buy currently [1] - RBC Capital has upgraded Walmart's price target to $126 from $123, maintaining an Outperform rating, citing positive management tone regarding AI [2] - Goldman Sachs reaffirmed a Buy rating with a $121 price target, highlighting management's focus on AI and potential partnerships with Google and OpenAI [3] Group 1 - Walmart is one of the largest retailers globally [4] - RBC Capital raised its projected forward earnings multiple to 38 times, reflecting market strength [2] - Management's positive outlook on AI is expected to be a priority until 2026 [3] Group 2 - The company may benefit from partnerships with tech giants, enhancing incremental sales [3] - There are suggestions that certain AI stocks may offer better upside potential compared to Walmart [4]