Deutsche Bank Upgrades Walmart Stock to Buy Rating

Deutsche Bank upgraded Walmart's stock rating from hold to buy and increased its price target from $113 to $136. The investment bank cited the company's transition into a technology-led marketplace, emphasizing the expansion of e-commerce and prioritized delivery services as primary drivers for stock growth.

Analyst Krisztina Katai noted that persistent inflation reinforces the value proposition of the retailer, which is expected to accelerate market share gains. The bank specifically highlighted the impact of Sparky, an AI-powered shopping assistant, which has reportedly increased customer basket sizes by approximately 40%.

This upgrade aligns with broader market sentiment. Data from LSEG indicates that 39 out of 44 analysts currently maintain a buy or strong buy rating on the company.