Walmart stock hit a new 52-week high of $120.51 following strong strategic developments and a significant upgrade from TD Cowen, which named the company its "Best Idea for 2026" and reiterated a Buy rating.
- TD Cowen specifically highlighted Walmart's AI operating system as transformative for retail personalization, supporting their $136 price target.
- The rally is further supported by key strategic catalysts, including a new Google partnership for AI capabilities and the company’s recent inclusion in the Nasdaq-100 Index.
- The stock has demonstrated significant momentum, climbing over 26% in the past six months leading up to the high.