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Walgreens Boots Alliance (WBA) Stock Forecast & Price Target

$11.01
-0.35 (-3.08%)
(As of 07/19/2024 ET)

Walgreens Boots Alliance - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 16 Wall Street analysts who have issued ratings for Walgreens Boots Alliance in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 16 analysts, 4 have given a sell rating, 10 have given a hold rating, and 2 have given a buy rating for WBA.

Consensus Price Target

$17.71
60.89% Upside
High Forecast$30.00
Average Forecast$17.71
Low Forecast$9.00

According to the 16 analysts' twelve-month price targets for Walgreens Boots Alliance, the average price target is $17.71. The highest price target for WBA is $30.00, while the lowest price target for WBA is $9.00. The average price target represents a forecasted upside of 60.89% from the current price of $11.01.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$17.71$23.57$24.36$37.23
Forecasted Upside60.89% Upside12.37% Upside12.01% Upside12.77% Upside
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WBA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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WBA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Walgreens Boots Alliance Stock vs. The Competition

TypeWalgreens Boots AllianceRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
1.88
2.45
2.51
Consensus RatingReduceHoldModerate Buy
Predicted Upside60.89% Upside55.84% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/3/2024UBS Group
4 of 5 stars
 Lower TargetNeutral ➝ Neutral$17.00 ➝ $12.00+5.26%
7/2/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetSector Perform ➝ Sector Perform$22.00 ➝ $13.00+12.85%
7/1/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$30.00 ➝ $20.00+72.71%
7/1/2024TD Cowen
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 Lower TargetBuy ➝ Buy$35.00 ➝ $22.00+90.64%
6/28/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$13.00 ➝ $9.00-27.01%
6/28/2024Truist Financial
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 Lower TargetHold ➝ Hold$20.00 ➝ $13.00+5.43%
6/28/2024Bank of America
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 Reiterated RatingUnderperform ➝ Underperform$22.00 ➝ $11.00-12.84%
6/28/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$17.00 ➝ $10.00-19.55%
6/24/2024Barclays
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 Lower TargetUnderweight ➝ Underweight$21.00 ➝ $19.00+18.23%
4/3/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$23.00 ➝ $22.00+18.22%
3/26/2024Raymond James
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 Reiterated RatingMarket Perform ➝ Market Perform
3/18/2024SVB Leerink
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 Lower TargetMarket Perform ➝ Market Perform$23.00 ➝ $22.00+5.72%
2/26/2024Leerink Partnrs
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M. Cherny
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Reiterated RatingMarket Perform
2/20/2024HSBC
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 Reiterated RatingHold ➝ Reduce$27.00 ➝ $20.00-9.46%
10/10/2023Mizuho
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 Lower TargetNeutral ➝ Neutral$31.00 ➝ $25.00+12.26%
8/24/2023Credit Suisse Group
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 Lower TargetNeutral ➝ Neutral$33.00 ➝ $30.00+13.04%
2/22/2023Loop Capital
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 Initiated CoverageBuy$45.00+24.72%
11/22/2022Cowen
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 UpgradeMarket Perform ➝ Outperform$43.00 ➝ $54.00+33.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:15 PM ET.

WBA Forecast - Frequently Asked Questions

What is Walgreens Boots Alliance's forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Walgreens Boots Alliance is $17.71, with a high forecast of $30.00 and a low forecast of $9.00.

Should I buy or sell Walgreens Boots Alliance stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Walgreens Boots Alliance in the last year. There are currently 4 sell ratings, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" WBA shares.

Does Walgreens Boots Alliance's stock price have much upside?

According to analysts, Walgreens Boots Alliance's stock has a predicted upside of 11.64% based on their 12-month stock forecasts.

What analysts cover Walgreens Boots Alliance?

Walgreens Boots Alliance has been rated by research analysts at Bank of America, Barclays, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, TD Cowen, Truist Financial, and UBS Group in the past 90 days.

Do Wall Street analysts like Walgreens Boots Alliance more than its competitors?

Analysts like Walgreens Boots Alliance less than other "retail/wholesale" companies. The consensus rating for Walgreens Boots Alliance is Reduce while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how WBA compares to other companies.


This page (NASDAQ:WBA) was last updated on 7/21/2024 by MarketBeat.com Staff

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