Walmart stock price target raised to $130 from $117 at DA Davidson

Global stock markets, including Wall Street and Asian exchanges, faced significant declines this week as investors expressed concerns over a potential artificial intelligence bubble and inflation uncertainties. Major indices, such as the S&P 500, experienced their worst performance in months, prompting fears of a broader market downturn.

Walmart and Target are both undergoing leadership changes, with Walmart's new CEO entering a favorable environment while Target's incoming CEO faces significant challenges. Walmart's positive momentum contrasts with Target's struggles in sales and consumer confidence.

DA Davidson has reduced its stock price target for Elastic NV to $80, citing mixed growth indicators. This adjustment reflects a cautious outlook on the company's performance amidst fluctuating market conditions. The decision comes as investors assess Elastic's potential for future growth in a competitive landscape.

DA Davidson has reiterated its Buy rating on Kulicke and Soffa stock, indicating a positive outlook amid signs of recovery in the market. This reaffirmation reflects confidence in the company's performance and potential growth in the semiconductor industry.

DA Davidson has maintained a neutral stance on Wabash National stock, despite mixed data regarding trailer sales. The investment firm continues to monitor the market conditions and performance indicators that influence the company's stock value. This decision reflects a cautious approach amid fluctuating market sentiments.

DA Davidson has lowered its stock price target for Oatly from $17 to $14, reflecting a negative sentiment towards the company's market performance. This adjustment comes amid ongoing challenges faced by Oatly in the competitive plant-based food sector.

After a week of market uneasiness, Nvidia's profit surge and Walmart's earnings initially provided relief to investors. However, by Thursday afternoon, this bullish sentiment faded as concerns about a potential AI bubble resurfaced. Jensen Huang, Nvidia's CEO, had previously eased worries about overinvestment in AI following the company's earnings report.

Walmart has raised its sales guidance for the year, anticipating an influx of price-conscious shoppers to its stores. The retailer's positive outlook comes as consumers increasingly seek savings amid economic pressures.