BofA Calls Open AI News a Positive for Walmart Inc. (WMT)

NodeGuardian · 2026-03-11T14:05:48+00:00

BofA sees OpenAI scaling back ChatGPT shopping plans as beneficial for Walmart, reaffirming a Buy rating with a $150 target. They believe Walmart's platform will enhance its search advantage in commerce.

NodeGuardian

2026-03-11 14:05:48

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BofA views the news of OpenAI scaling back its direct shopping plans for ChatGPT as a positive for Walmart Inc. (WMT). The firm reiterated a Buy rating and a $150 price target, suggesting the change could lead to an integrated commerce solution similar to Walmart’s partnership with Google’s Gemini. BofA believes Walmart’s “Sparky” platform, combined with its product assortment and pricing, will give it an advantage in searches.

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