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Waste Management (WM) Stock Forecast & Price Target

$223.11
-0.21 (-0.09%)
(As of 07/18/2024 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

Based on 19 Wall Street analysts who have issued ratings for Waste Management in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 11 have given a hold rating, and 8 have given a buy rating for WM.

Consensus Price Target

$217.39
-2.56% Downside
High Forecast$256.00
Average Forecast$217.39
Low Forecast$165.00

According to the 19 analysts' twelve-month price targets for Waste Management, the average price target is $217.39. The highest price target for WM is $256.00, while the lowest price target for WM is $165.00. The average price target represents a forecasted downside of -2.56% from the current price of $223.11.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Hold
Hold
Moderate Buy
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
8 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
11 Hold rating(s)
11 Hold rating(s)
7 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$217.39$217.61$204.85$178.27
Forecasted Upside-2.56% Downside6.48% Upside5.91% Upside12.10% 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
2.42
2.64
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-2.87% Downside137.21% Upside8.20% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Oppenheimer
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$228.00 ➝ $229.00+7.33%
7/11/2024Truist Financial
1 of 5 stars
 Lower TargetBuy ➝ Buy$240.00 ➝ $235.00+11.28%
6/14/2024Erste Group Bank
3 of 5 stars
 Reiterated RatingBuy ➝ Hold
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%
4/26/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$207.00 ➝ $212.00+0.39%
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%
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 11:42 PM ET.

WM Forecast - Frequently Asked Questions

What is Waste Management's forecast for 2024?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Waste Management is $217.39, with a high forecast of $256.00 and a low forecast of $165.00.

Should I buy or sell Waste Management stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Management in the last year. There are currently 11 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WM, but not buy additional shares or sell existing shares.

Does Waste Management's stock price have much upside?

According to analysts, Waste Management's stock has a predicted upside of 6.30% based on their 12-month stock forecasts.

What analysts cover Waste Management?
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.


This page (NYSE:WM) was last updated on 7/18/2024 by MarketBeat.com Staff

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