Waste Management Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Waste Management stock have an average target of 199.27, with a low estimate of 167 and a high estimate of 256. The average target predicts a decrease of -6.31% from the current stock price of 212.70.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$167	$199.27	$197	$256
Change	-21.49%	-6.31%	-7.38%	+20.36%

Analyst Ratings

The average analyst rating for WM stock from 17 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	5	6	6	5	6	6
Buy	3	3	3	4	4	3
Hold	12	11	11	10	10	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	20	20	20	19	20	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Walter Spracklin RBC Capital	RBC Capital	Hold Maintains $189 → $211	Hold	Maintains	$189 → $211	-0.80%	Apr 8, 2024
Stephanie Moore Jefferies	Jefferies	Strong Buy Maintains $230 → $256	Strong Buy	Maintains	$230 → $256	+20.36%	Mar 18, 2024
Bryan Burgmeier Citigroup	Citigroup	Strong Buy Maintains $215 → $226	Strong Buy	Maintains	$215 → $226	+6.25%	Feb 15, 2024
Stephanie Yee JP Morgan	JP Morgan	Hold Maintains $165 → $197	Hold	Maintains	$165 → $197	-7.38%	Feb 15, 2024
Devin Dodge BMO Capital	BMO Capital	Buy Maintains $166 → $178	Buy	Maintains	$166 → $178	-16.31%	Feb 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

22.38B

from 20.43B

9.56%

from 20.43B

Revenue Next Year

23.82B

from 22.38B

6.46%

from 22.38B

EPS This Year

7.14

from 5.66

26.20%

from 5.66

EPS Next Year

8.06

from 7.14

12.80%

from 7.14

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	15.46B	15.22B	17.93B	19.70B	20.43B	22.38B	23.82B	25.17B	26.80B	28.54B
Revenue Growth	3.63%	-1.53%	17.83%	9.85%	3.70%	9.56%	6.46%	5.65%	6.46%	6.50%
EPS	3.91	3.52	4.29	5.39	5.66	7.14	8.06	9.07	9.60	11.00
EPS Growth	-12.13%	-9.97%	21.88%	25.64%	5.01%	26.20%	12.80%	12.56%	5.84%	14.59%
No. Analysts	-	-	-	-	-	26	24	13	5	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	22.9B	24.8B	26.4B	27.7B	29.1B
Avg	22.4B	23.8B	25.2B	26.8B	28.5B
Low	21.0B	22.1B	23.1B	25.0B	27.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.3%	10.9%	10.8%	9.9%	8.6%
Avg	9.6%	6.5%	5.6%	6.5%	6.5%
Low	2.8%	-1.4%	-3.0%	-0.8%	1.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	7.98	8.98	9.97	10.27	11.21
Avg	7.14	8.06	9.07	9.60	11.00
Low	6.48	7.36	8.15	8.68	10.47

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	41.0%	25.7%	23.7%	13.2%	16.8%
Avg	26.2%	12.8%	12.6%	5.8%	14.6%
Low	14.4%	3.0%	1.2%	-4.3%	9.0%

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.