RBC Capital increased its price target for Walmart Inc. to $126 from $123 on January 14, 2026, maintaining an Outperform rating. The adjustment followed a meeting with the company's EVP of AI Acceleration, Product, and Design. RBC described management's tone and language as constructive.
The firm stated Walmart could benefit from increased use of artificial intelligence and agentic search. RBC also raised its projected forward earnings multiple to 38 times, citing recent market strength.
Separately, Goldman Sachs reaffirmed a Buy rating with a $121 price target after Walmart's presentation at the ICR Conference on January 14, 2026. Goldman reported the company's management sounded positive about AI and expects it to remain a major priority through 2026.
Goldman Sachs added that Walmart might gain incremental sales through partnerships with Google and OpenAI. The firm noted these partnerships offer sizable user bases and consumer interaction capabilities that extend beyond purely commercial benefits.
Walmart Inc. is among the seven best jewellery stocks to buy now according to recent analysis. The company is one of the world's largest retailers.