Walmart Inc. (NYSE:WMT), which accounts for 1.86% of Bill Gates’s stock portfolio, is one of his top 15 stock picks.
Pixabay/Public Domain
On October 29, 2025, RBC Capital’s Steven Shemesh raised his price target on Walmart Inc. (NYSE:WMT) from $106 to $116, reiterating his “Outperform” rating, The Fly reported.
This price revision follows investor meetings with Walmart Inc.’s (NYSE:WMT) IR team. The analyst expressed confidence in the company’s leadership position, pricing discipline, and long-term earnings growth potential. Furthermore, Shemesh cited the company’s growing focus on AI-driven efficiencies through its partnership with OpenAI and digital initiatives such as Snap benefits integration. Discussions with management also highlighted consumer health trends and inflation dynamics.
Meanwhile, on the same day, Eli Lilly announced its partnership with Walmart Inc. (NYSE:WMT). With this partnership, the healthcare company will offer its popular weight-loss drug Zepbound at Walmart pharmacies across the U.S. through LillyDirect. Through this collaboration, Walmart looks to deepen its push into the health and wellness sector. Walmart entered the sector in 2019 when it unveiled its first health center.
With its retail stores, eCommerce platforms, and membership clubs, Walmart Inc. (NYSE:WMT) offers groceries, consumer goods, financial services, and health and wellness products.
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: 13 Best Fortune 500 Stocks to Invest in Now and 13 Best Fortune 500 Stocks to Invest in Now.
Disclosure: None.
