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Waste Management (WM) Stock Forecast & Price Target

$204.47
+0.31 (+0.15%)
(As of 12:04 PM ET)

Waste Management - 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

Hold
Based on 19 Analyst Ratings

Consensus Price Target

$217.61
6.43% Upside
High Forecast$256.00
Average Forecast$217.61
Low Forecast$165.00
TypeCurrent Forecast
5/31/23 to 5/30/24
1 Month Ago
5/1/23 to 4/30/24
3 Months Ago
3/2/23 to 3/1/24
1 Year Ago
5/31/22 to 5/31/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$217.61$216.24$197.57$176.64
Forecasted Upside6.43% Upside5.93% Upside5.95% Upside11.09% Upside
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WM 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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WM 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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Waste Management Stock vs. The Competition

TypeWaste ManagementBusiness Services CompaniesS&P 500
Consensus Rating Score
2.47
2.62
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside6.59% Upside172.48% Upside12.18% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/22/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageBuy$241.00+15.68%
4/30/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$214.00 ➝ $222.00+6.04%
4/29/2024CIBC
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 Boost TargetNeutral ➝ Neutral$207.00 ➝ $220.00+3.80%
4/29/2024TD Cowen
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 Boost TargetBuy ➝ Buy$220.00 ➝ $235.00+10.83%
4/26/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$219.00 ➝ $229.00+8.44%
4/26/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$221.00 ➝ $228.00+7.97%
4/26/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$207.00 ➝ $212.00+0.39%
4/26/2024Truist Financial
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 Boost TargetBuy ➝ Buy$220.00 ➝ $240.00+13.68%
4/26/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$202.00 ➝ $214.00+1.37%
4/26/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$215.00 ➝ $227.00+7.62%
4/26/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$211.00 ➝ $215.00+1.11%
3/18/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$230.00 ➝ $256.00+20.81%
2/15/2024HSBC
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 DowngradeBuy ➝ Hold$210.00+6.01%
2/15/2024Citigroup
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 Boost TargetBuy ➝ Buy$215.00 ➝ $226.00+14.08%
2/15/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$165.00 ➝ $197.00-0.24%
2/14/2024UBS Group
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 DowngradeBuy ➝ Neutral$190.00 ➝ $205.00+2.76%
12/22/2023Erste Group Bank
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 UpgradeHold ➝ Buy
11/27/2023Wells Fargo & Company
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 Initiated CoverageEqual Weight$175.00+1.74%
10/17/2023Wolfe Research
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 Initiated CoveragePeer Perform
10/10/2023Scotiabank
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 Lower Target$177.50 ➝ $165.00+5.26%
4/27/202351job
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 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:19 PM ET.

WM Frequently Asked Questions

What is Waste Management's stock forecast and purchase recommendation?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Waste Management is $217.61, with a high forecast of $256.00 and a low forecast of $165.00. The consensus rating for Waste Management stock is Hold based on the current 10 hold ratings and 9 buy ratings for WM. Learn more on WM's analyst rating history.

Do Wall Street analysts like Waste Management more than its competitors?

Analysts like Waste Management less than other "business services" companies. The consensus rating for Waste Management is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how WM compares to other companies.

Does Waste Management's stock price have much upside?

According to analysts, Waste Management's stock has a predicted upside of 6.48% based on their 12-month stock forecasts.

What analysts cover Waste Management?

Stock Forecasts and Research Tools

This page (NYSE:WM) was last updated on 5/30/2024 by MarketBeat.com Staff

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