2025-06-10-Jefferies-沃尔玛（WMT）_本周图表_沃尔玛的人工智能职位招聘数量仍然很高_7页_117kb

Walmart AI Job Listings: In May 2025, Walmart had 216 AI-related job listings, down from 266 in April 2025 but up from 168 in May 2024. This reflects ongoing investment in agentic AI for efficiency, as highlighted by new digital shopping assistants.

Equity Research Valuation: The price target for Walmart is $120, based on expected F'27E EPS of $2.84 and multiples like 42x P/E and 22x EV/EBITDA. Risks include grocery price investments, competition in fulfillment, potential challenges in improving e-commerce margins, margin expansion from higher-margin revenue streams (e.g., advertising), and inflation/deflation effects, including wage-related factors. The rating is a "Buy," suggesting potential for 15% or more total return over 12 months.

Historical Ratings and Other Insights: Walmart consistently receives buy recommendations, with price targets increasing over the past three years. Analysts emphasize monitoring fundamentals and financial projections, with detailed disclosures on conflicts of interest, but no individual recommendations suitable for all investors.