We recently published 10 Stocks on Jim Cramer’s Radar. Walmart Inc. (NYSE:WMT) is one of the stocks that on Jim Cramer’s radar.
Retail giant Walmart Inc. (NYSE:WMT)’s shares are up by 24% over the past year and by 12% year-to-date. Oppenheimer raised the firm’s share price target to $140 from $125 and kept an Outperform rating in February. The action came after UBS had bumped the target to $135 from $122 and kept a Buy rating. Tigress Financial had also raised the target to $135 from $130 and kept a Buy rating. The firm pointed out that Walmart Inc. (NYSE:WMT) was successfully integrating artificial intelligence and automation in its operations to grow revenue and improve customer experience. Cramer has consistently discussed Walmart Inc. (NYSE:WMT) over the past couple of months. One theme that the CNBC TV host has maintained throughout his comments is his belief that the retailer continues to keep low prices for Americans. In this episode, he discussed Walmart Inc. (NYSE:WMT) after co-host Carl Quintanilla pointed to the stock’s performance on Thursday:
“All great companies, this felt like, not 2023, when we had a comeback from COVID. Not 2016 when we had a comeback from the China problem. It felt like pre-FANG, it felt like pre FANG was invented. In 2013. Because those were so exciting and those pulled away. No, the companies that are pulling away are all household names. I say welcome back to traditional investing which is so much fun. We’re not looking at annual revenue. . .annual revenue rate, we’re not doing that. We’re not doing the Rule of 40, I mean as much as I like what Palantir is doing, I mean let’s give the due to some of these companies that are fantastic that we remember. I’m talking about great American companies, like a Walmart.”
While we acknowledge the potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
