Walmart Stock Forecast — OpenAI Deal Lifts Shares Toward $115

The management has signed a partnership agreement with artificial intelligence developer OpenAI, allowing customers and Sam’s Club members to make purchases directly through ChatGPT using instant checkout functionality. The news was positively received by investors, with the stock gaining more than 5% intraday. This collaboration could help Walmart narrow the technological gap with its main competitor Amazon.com, which has long implemented a similar solution via its own chatbot, Rufus. Following the announcement, BTIG initiated coverage on Walmart shares with a “Buy” rating and raised the target price from $110 to $120.

Walmart’s third-quarter financial results are scheduled for release on November 20. Analysts expect revenue to rise to $177.32 billion from $169.60 billion a year earlier, while earnings per share (EPS) may reach $0.599 versus $0.530 previously.

The company’s final dividend payment for the year is set for January 5, with shareholders receiving $0.24 per share — equivalent to a yield of 0.88%, which is about half the sector’s average of 1.53%.

Support and Resistance Levels

On the daily chart, the stock remains in a corrective uptrend, holding well above the support line of the ascending channel between 100.00 and 115.00.

Technical indicators have turned upward, issuing a new buy signal. The AO histogram has entered the buy zone, forming rising bars, while the fast EMAs on the Alligator indicator remain above the signal line, maintaining a stable expansion range.

Support levels: 105.00, 96.00.
Resistance levels: 109.00, 115.00.

Trading Scenarios and Walmart Stock Forecast

If the uptrend continues and the price consolidates above the resistance level of 109.00, long positions remain relevant with a target of 115.00 and a stop-loss at 106.00. Expected duration: 7 days or more.

Conversely, if the price reverses and consolidates below 105.00, short positions may become relevant with a target of 96.00 and a stop-loss at 108.00.