Waste Management Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Waste Management stock have an average target of 226.37, with a low estimate of 175 and a high estimate of 256. The average target predicts an increase of 3.89% from the current stock price of 217.90.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$175	$226.37	$227	$256
Change	-19.69%	+3.89%	+4.18%	+17.49%

Analyst Ratings

The average analyst rating for WM stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	7	7	7	7	7	7
Buy	2	2	2	2	3	3
Hold	10	11	11	11	11	11
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	19	20	20	20	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Noah Kaye Oppenheimer	Oppenheimer	Buy Maintains $230 → $231	Buy	Maintains	$230 → $231	+6.01%	Nov 5, 2024
David Coleman Argus Research	Argus Research	Strong Buy Maintains $230 → $240	Strong Buy	Maintains	$230 → $240	+10.14%	Oct 31, 2024
Jeffrey Goldstein Morgan Stanley	Morgan Stanley	Hold Maintains $214 → $227	Hold	Maintains	$214 → $227	+4.18%	Oct 30, 2024
Kevin Chiang CIBC	CIBC	Hold Maintains $213 → $228	Hold	Maintains	$213 → $228	+4.64%	Oct 30, 2024
Sabahat Khan RBC Capital	RBC Capital	Hold Maintains $204 → $220	Hold	Maintains	$204 → $220	+0.96%	Oct 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

22.41B

from 20.43B

9.72%

from 20.43B

Revenue Next Year

24.80B

from 22.41B

10.65%

from 22.41B

EPS This Year

7.56

from 5.66

33.63%

from 5.66

EPS Next Year

8.31

from 7.56

9.85%

from 7.56

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	15.46B	15.22B	17.93B	19.70B	20.43B	22.41B	24.80B	26.26B
Revenue Growth	3.63%	-1.53%	17.83%	9.85%	3.70%	9.72%	10.65%	5.88%
EPS	3.91	3.52	4.29	5.39	5.66	7.56	8.31	9.17
EPS Growth	-12.13%	-9.97%	21.88%	25.64%	5.01%	33.63%	9.85%	10.42%
Forward PE	-	-	-	-	-	28.81	26.23	23.75
No. Analysts	-	-	-	-	-	28	28	20

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	23.3B	27.3B	28.9B
Avg	22.4B	24.8B	26.3B
Low	21.2B	22.3B	23.1B

Revenue Growth

Revenue Growth	2024	2025	2026
High	13.9%	21.6%	16.7%
Avg	9.7%	10.7%	5.9%
Low	3.7%	-0.6%	-6.9%

EPS Forecast

EPS	2024	2025	2026
High	7.82	9.29	9.91
Avg	7.56	8.31	9.17
Low	7.06	7.35	8.33

EPS Growth

EPS Growth	2024	2025	2026
High	38.2%	22.9%	19.3%
Avg	33.6%	9.8%	10.4%
Low	24.7%	-2.8%	0.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.