In recent developments, Citigroup analyst Bryan Burgmeier has maintained a “Buy” rating for Waste Management (WM, Financial), the leading provider in waste management solutions. Alongside the maintained rating, the analyst has adjusted the price target for WM, raising it from the previous $260.00 to a new target of $271.00. This adjustment reflects a price target percentage increase of 4.23%.
This latest move comes as a positive signal for investors, as it underlines Citigroup’s continued confidence in Waste Management’s market position and growth prospects. The updated price target suggests potential upward momentum for WM shares, especially as the analyst’s ‘Buy’ rating remains unchanged from previous evaluations.
Investors are likely to keep a close watch on Waste Management (WM, Financial) stock in the wake of this announcement, anticipating potential gains as Citigroup’s revised price target signals optimism about the company’s future performance in the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Waste Management Inc (WM, Financial) is $247.50 with a high estimate of $271.00 and a low estimate of $193.44. The average target implies an
upside of 5.87%
from the current price of $233.77. More detailed estimate data can be found on the Waste Management Inc (WM) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Waste Management Inc’s (WM, Financial) average brokerage recommendation is currently 2.2, indicating “Outperform” status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Waste Management Inc (WM, Financial) in one year is $238.11, suggesting a
upside
of 1.86% from the current price of $233.7725. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. More detailed data can be found on the Waste Management Inc (WM) Summary page.
Source: gurufocus.com
