Walgreens Boots Alliance (WBA) Stock Forecast & Price Target

$8.79 -0.27 (-2.98%)

(As of 01:57 PM 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

Reduce

Based on 15 Analyst Ratings

Sell
4

Hold
9

Buy
2

Based on 15 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 15 analysts, 4 have given a sell rating, 9 have given a hold rating, and 2 have given a buy rating for WBA.

Consensus Price Target

$12.88
46.58% Upside

According to the 15 analysts' twelve-month price targets for Walgreens Boots Alliance, the average price target is $12.88. The highest price target for WBA is $22.00, while the lowest price target for WBA is $7.00. The average price target represents a forecasted upside of 46.58% from the current price of $8.79.

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WBA Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
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)	2 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$12.88	$12.88	$15.85	$29.36
Forecasted Upside	46.58% Upside	39.14% Upside	68.94% Upside	46.02% Upside
Consensus Rating	Reduce	Reduce	Reduce	Hold

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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.

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.

Walgreens Boots Alliance Stock vs. The Competition

Type	Walgreens Boots Alliance	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	1.87	2.51	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	47.59% Upside	22.85% Upside	6.74% Upside
News Sentiment Rating	Positive News See Recent WBA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/23/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Hold ➝ Hold	$19.00 ➝ $9.00	-4.76%
10/22/2024	TD Cowen 4 of 5 stars		Lower Target	Buy ➝ Buy	$16.00 ➝ $14.00	+33.97%
10/17/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$9.00 ➝ $10.00	-3.57%
10/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$7.00 ➝ $8.00	-27.73%
10/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$7.50 ➝ $10.00	-5.84%
10/11/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$9.00 ➝ $7.00	-22.48%
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10/7/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$13.00 ➝ $10.00	+13.90%
9/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$11.00 ➝ $7.50	-15.92%
8/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$20.00 ➝ $15.00	+63.22%
7/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$22.00 ➝ $13.00	+12.85%
4/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$23.00 ➝ $22.00	+18.22%
3/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
3/18/2024	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$23.00 ➝ $22.00	+5.72%
2/26/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Cherny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
2/20/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Reduce	$27.00 ➝ $20.00	-9.46%
10/10/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$31.00 ➝ $25.00	+12.26%
8/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$33.00 ➝ $30.00	+13.04%
2/22/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$45.00	+24.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:37 PM ET.

Should I Buy Walgreens Boots Alliance Stock? WBA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Walgreens Boots Alliance pros and cons to contact@marketbeat.com.

Walgreens Boots Alliance
Bull Case

Here are some ways that investors could benefit from investing in Walgreens Boots Alliance, Inc.:

The company recently reported earnings per share (EPS) of $0.39, exceeding analyst expectations of $0.36, indicating strong financial performance.
Walgreens Boots Alliance, Inc. achieved a revenue of $37.50 billion for the latest quarter, surpassing estimates of $35.75 billion, showcasing robust sales growth.
The stock is currently priced at $9.03, which may present a buying opportunity for investors looking for value in a company with a significant market presence.
Analysts forecast a consensus target price of $12.88, suggesting potential upside for investors if the stock approaches this target.
The company has a positive return on equity of 14.23%, indicating effective management and profitability relative to shareholder equity.

Walgreens Boots Alliance
Bear Case

Investors should be bearish about investing in Walgreens Boots Alliance, Inc. for these reasons:

Recent price target cuts by major analysts, including Morgan Stanley lowering it from $9.00 to $7.00, reflect concerns about the company's future performance.
The stock has a negative net margin of 5.85%, suggesting that the company is currently struggling to convert revenue into profit.
Walgreens Boots Alliance, Inc. has a current ratio of 0.68, indicating potential liquidity issues, as it may not have enough short-term assets to cover its short-term liabilities.
With four analysts rating the stock as a sell and nine as a hold, market sentiment appears cautious, which could deter new investors.
The company's payout ratio is -9.99%, indicating that it is not currently generating enough earnings to cover its dividend payments, which could raise concerns about sustainability.

WBA Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Walgreens Boots Alliance is $12.88, with a high forecast of $22.00 and a low forecast of $7.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Walgreens Boots Alliance in the last year. There are currently 4 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" WBA shares.
: According to analysts, Walgreens Boots Alliance's stock has a predicted upside of 46.58% based on their 12-month stock forecasts.
: Walgreens Boots Alliance has been rated by research analysts at Bank of America, Barclays, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, TD Cowen, Truist Financial, and UBS Group in the past 90 days.
: 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 Moderate Buy. Learn more on how WBA compares to other companies.

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This page (NASDAQ:WBA) was last updated on 11/26/2024 by MarketBeat.com Staff

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Walgreens Boots Alliance (WBA) Stock Forecast & Price Target