Waste Management (WM) Stock Forecast & Price Target

$224.78 +1.16 (+0.52%)

(As of 11/12/2024 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

Moderate Buy

Based on 22 Analyst Ratings

Sell
0

Hold
11

Buy
11

Based on 22 Wall Street analysts who have issued ratings for Waste Management in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 11 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for WM.

Consensus Price Target

$226.11
0.59% Upside

According to the 22 analysts' twelve-month price targets for Waste Management, the average price target is $226.11. The highest price target for WM is $256.00, while the lowest price target for WM is $175.00. The average price target represents a forecasted upside of 0.59% from the current price of $224.78.

WM Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	11 Hold rating(s)	12 Hold rating(s)	11 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$226.11	$218.89	$215.83	$179.77
Forecasted Upside	0.59% Upside	2.52% Upside	4.31% Upside	4.41% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Waste Management Stock vs. The Competition

Type	Waste Management	Business Services Companies	S&P 500
Consensus Rating Score	2.55	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	0.23% Upside	352.13% Upside	7.74% Upside
News Sentiment Rating	Positive News See Recent WM 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
11/5/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$230.00 ➝ $231.00	+7.16%
10/31/2024	Argus 2 of 5 stars		Boost Target	Buy ➝ Buy	$230.00 ➝ $240.00	+10.83%
10/30/2024	CIBC 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$213.00 ➝ $228.00	+5.71%
10/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$214.00 ➝ $227.00	+5.24%
10/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$204.00 ➝ $220.00	+1.24%
10/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$235.00 ➝ $250.00	+14.94%
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10/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$213.00 ➝ $219.00	+0.69%
10/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$213.00 ➝ $220.00	+1.07%
10/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$220.00 ➝ $226.00	+3.82%
10/4/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$220.00	+5.27%
10/3/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Romeo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
7/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Revich Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$226.00 ➝ $216.00	+7.89%
6/14/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
5/22/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$241.00	+15.68%
4/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $235.00	+10.83%
4/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$219.00 ➝ $229.00	+8.44%
4/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$215.00 ➝ $227.00	+7.62%
3/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$230.00 ➝ $256.00	+20.81%
2/15/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$210.00	+6.01%
2/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$215.00 ➝ $226.00	+14.08%
11/27/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$175.00	+1.74%
10/17/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
4/27/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:31 AM ET.

WM Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Waste Management is $226.11, with a high forecast of $256.00 and a low forecast of $175.00.
: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Waste Management in the last twelve months. There are currently 11 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WM shares.
: According to analysts, Waste Management's stock has a predicted upside of 0.59% based on their 12-month stock forecasts.
: Waste Management has been rated by research analysts at Argus, BMO Capital Markets, CIBC, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Royal Bank of Canada, Scotiabank, Truist Financial, UBS Group, and William Blair in the past 90 days.
: Analysts like Waste Management less than other "business services" companies. The consensus rating score for Waste Management is 2.55 while the average consensus rating score for "business services" companies is 2.68. Learn more on how WM compares to other companies.

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This page (NYSE:WM) was last updated on 11/13/2024 by MarketBeat.com Staff

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Waste Management (WM) Stock Forecast & Price Target