Waste Management (WM) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

WM Stock Forecast

Waste Management stock forecast is as follows: an average price target of $201.50 (represents a -10.71% downside from WM’s last price of $225.68) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

WM Price Target

The average price target for Waste Management (WM) is $201.50 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $250.00 to $152.00. This represents a potential -10.71% downside from WM's last price of $225.68.

WM Analyst Ratings

Buy

According to 15 Wall Street analysts, Waste Management's rating consensus is 'Buy'. The analyst rating breakdown for WM stock is 0 'Strong Buy' (0.00%), 10 'Buy' (66.67%), 5 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Waste Management Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 30, 2024	Kevin Chiang	CIBC	$228.00	$217.60	4.78%	1.03%
Oct 30, 2024	Devin Dodge	BMO Capital	$220.00	$216.55	1.59%	-2.52%
Oct 30, 2024	Konark Gupta	Scotiabank	$225.00	$216.99	3.69%	-0.30%
Oct 29, 2024	Tobey Sommer	Truist Financial	$250.00	$219.11	14.10%	10.78%
Oct 29, 2024	Michael Feniger	Bank of America Securities	$225.00	$208.26	8.04%	-0.30%
Oct 03, 2024	Konark Gupta	Scotiabank	$220.00	$209.09	5.22%	-2.52%
Jul 26, 2024	Devin Dodge	BMO Capital	$213.00	$198.48	7.32%	-5.62%
Jul 26, 2024	David Manthey	Robert W. Baird	$216.00	$199.92	8.04%	-4.29%
Jun 03, 2024	Jeffrey Silber	BMO Capital	$212.00	$201.63	5.14%	-6.06%
May 22, 2024	Faiza Alwy	Deutsche Bank	$241.00	$208.33	15.68%	6.79%

Row per page

Go to

The latest Waste Management stock forecast, released on Oct 30, 2024 by Kevin Chiang from CIBC, set a price target of $228.00, which represents a 4.78% increase from the stock price at the time of the forecast ($217.60), and a 1.03% increase from WM last price ($225.68).

Waste Management Price Target by Period

	1M	3M	12M
# Anlaysts	5	6	14
Avg Price Target	$229.60	$228.00	$222.64
Last Closing Price	$225.68	$225.68	$225.68
Upside/Downside	1.74%	1.03%	-1.35%

In the current month, the average price target of Waste Management stock is $229.60, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 1.74% increase as opposed to Waste Management's last price of $225.68. This month's average price target is up 0.70% compared to last quarter, and up 3.13% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 30, 2024	CIBC	Neutral	Neutral	Hold
Oct 30, 2024	BMO Capital	Market Perform	Market Perform	Hold
Oct 30, 2024	Oppenheimer	Outperform	Outperform	Hold
Oct 30, 2024	Scotiabank	Sector Perform	Sector Perform	Hold
Oct 29, 2024	Goldman Sachs	Buy	Buy	Hold
Oct 29, 2024	Bank of America Securities	Neutral	Neutral	Hold
Oct 03, 2024	Scotiabank	Buy	Sector Perform	Initialise
Oct 03, 2024	William Blair	-	Outperform	Initialise
Jul 26, 2024	BMO Capital	Market Perform	Market Perform	Hold
Jun 03, 2024	BMO Capital	Market Perform	Market Perform	Hold

Row per page

Go to

Waste Management's last stock rating was published by CIBC on Oct 30, 2024. The company gave WM a "Neutral" rating, the same as its previous rate.

Waste Management Financial Forecast

Waste Management Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$5.22B	$5.20B	$5.12B	$4.89B	$4.93B	$5.08B	$5.03B	$4.66B	$4.68B	$4.67B
Avg Forecast	$7.62B	$7.48B	$7.35B	$7.22B	$7.15B	$7.26B	$7.09B	$6.84B	$6.39B	$6.50B	$6.32B	$6.06B	$6.09B	$6.19B	$6.01B	$5.78B	$5.58B	$5.51B	$5.43B	$5.22B	$5.19B	$5.27B	$5.23B	$4.85B	$4.97B	$5.05B	$4.85B	$4.45B	$4.62B	$4.55B
High Forecast	$7.89B	$7.75B	$7.61B	$7.48B	$7.41B	$7.52B	$7.34B	$7.08B	$6.63B	$6.74B	$6.55B	$6.28B	$6.31B	$6.42B	$6.23B	$5.86B	$5.62B	$5.51B	$5.43B	$5.22B	$5.20B	$5.30B	$5.42B	$5.03B	$5.15B	$5.05B	$4.85B	$4.45B	$4.62B	$4.55B
Low Forecast	$7.40B	$7.26B	$7.14B	$7.01B	$6.95B	$7.05B	$6.88B	$6.64B	$6.21B	$6.31B	$6.14B	$5.88B	$5.92B	$6.02B	$5.83B	$5.68B	$5.54B	$5.51B	$5.43B	$5.22B	$5.17B	$5.22B	$5.08B	$4.72B	$4.82B	$5.05B	$4.85B	$4.45B	$4.62B	$4.55B
# Analysts	4	3	4	3	5	4	5	4	5	4	5	4	4	3	4	8	12	6	3	4	7	16	8	9	12	7	7	8	13	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	0.99%	0.98%	1.01%	0.99%	1.00%	1.04%	1.05%	1.01%	1.03%

Waste Management's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.22B, with a low forecast of $5.22B, and a high forecast of $5.22B. WM's average Quarter revenue forecast represents a -0.03% decrease compared to the company's last Quarter revenue of $5.22B (Dec 23).

Waste Management EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	3	4	3	5	4	5	4	5	4	5	4	4	3	4	8	12	6	3	4	7	16	8	9	12	7	7	8	13	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.54B	$1.52B	$1.21B	$1.32B	$1.34B	$1.42B	$1.38B	$1.25B	$1.24B	$1.31B
Avg Forecast	$2.10B	$2.06B	$2.02B	$1.99B	$1.97B	$2.00B	$1.95B	$1.88B	$1.76B	$1.79B	$1.74B	$1.67B	$1.68B	$1.71B	$1.65B	$1.59B	$1.54B	$1.52B	$1.49B	$1.30B	$1.43B	$1.45B	$1.44B	$1.18B	$1.36B	$1.39B	$1.33B	$1.07B	$1.27B	$1.25B
High Forecast	$2.17B	$2.13B	$2.10B	$2.06B	$2.04B	$2.07B	$2.02B	$1.95B	$1.82B	$1.85B	$1.80B	$1.73B	$1.74B	$1.77B	$1.71B	$1.61B	$1.55B	$1.52B	$1.49B	$1.56B	$1.43B	$1.46B	$1.49B	$1.42B	$1.63B	$1.39B	$1.33B	$1.29B	$1.27B	$1.25B
Low Forecast	$2.04B	$2.00B	$1.96B	$1.93B	$1.91B	$1.94B	$1.89B	$1.83B	$1.71B	$1.74B	$1.69B	$1.62B	$1.63B	$1.66B	$1.61B	$1.56B	$1.53B	$1.52B	$1.49B	$1.04B	$1.42B	$1.44B	$1.40B	$945.33M	$1.09B	$1.39B	$1.33B	$859.39M	$1.27B	$1.25B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.08%	1.05%	0.84%	1.12%	0.99%	1.02%	1.03%	1.17%	0.97%	1.05%

4 analysts predict WM's average Quarter EBITDA for Mar 24 to be $1.30B, with a high of $1.56B and a low of $1.04B. This is -15.87% lower than Waste Management's previous annual EBITDA (Dec 23) of $1.54B.

Waste Management Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	3	4	3	5	4	5	4	5	4	5	4	4	3	4	8	12	6	3	4	7	16	8	9	12	7	7	8	13	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$493.00M	$663.00M	$613.00M	$533.00M	$499.00M	$639.00M	$587.00M	$513.00M	$506.00M	$538.00M
Avg Forecast	$1.12B	$1.17B	$1.10B	$1.03B	$1.04B	$1.09B	$1.01B	$945.56M	$926.50M	$953.68M	$899.04M	$834.93M	$836.83M	$867.40M	$810.73M	$736.07M	$734.32M	$759.94M	$737.88M	$539.05M	$617.28M	$650.60M	$623.59M	$490.05M	$556.60M	$611.75M	$564.58M	$445.50M	$507.41M	$546.09M
High Forecast	$1.17B	$1.22B	$1.15B	$1.08B	$1.09B	$1.14B	$1.06B	$990.39M	$970.42M	$998.90M	$941.66M	$874.50M	$876.50M	$908.52M	$849.16M	$772.88M	$778.94M	$760.39M	$737.90M	$646.87M	$633.42M	$686.97M	$653.16M	$588.06M	$667.92M	$611.75M	$564.58M	$534.60M	$507.41M	$568.08M
Low Forecast	$1.08B	$1.12B	$1.05B	$992.50M	$1.00B	$1.05B	$969.87M	$910.20M	$891.84M	$918.01M	$865.42M	$803.70M	$805.53M	$834.95M	$780.41M	$629.75M	$697.80M	$759.50M	$737.87M	$431.24M	$597.11M	$626.36M	$600.27M	$392.04M	$445.28M	$611.75M	$564.58M	$356.40M	$507.41M	$524.10M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.80%	1.02%	0.98%	1.09%	0.90%	1.04%	1.04%	1.15%	1.00%	0.99%

Waste Management's average Quarter net income forecast for Mar 24 is $539.05M, with a range of $431.24M to $646.87M. WM's average Quarter net income forecast represents a 9.34% increase compared to the company's last Quarter net income of $493.00M (Dec 23).

Waste Management SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	3	4	3	5	4	5	4	5	4	5	4	4	3	4	8	12	6	3	4	7	16	8	9	12	7	7	8	13	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$493.00M	$470.00M	$467.00M	$476.00M	$487.00M	$461.00M	$473.00M	$481.00M	$483.00M	$458.00M
Avg Forecast	$781.32M	$767.39M	$753.70M	$740.27M	$733.90M	$744.41M	$727.00M	$701.27M	$655.81M	$666.97M	$648.33M	$621.59M	$624.98M	$635.54M	$616.20M	$592.71M	$572.63M	$565.59M	$557.00M	$505.43M	$532.78M	$541.12M	$536.91M	$459.48M	$531.30M	$518.44M	$497.10M	$417.71M	$473.91M	$466.79M
High Forecast	$809.81M	$795.37M	$781.19M	$767.26M	$760.66M	$771.56M	$753.51M	$726.84M	$679.73M	$691.30M	$671.97M	$644.26M	$647.77M	$658.72M	$638.67M	$601.28M	$576.79M	$565.77M	$557.00M	$606.52M	$533.81M	$544.19M	$556.49M	$551.38M	$637.56M	$518.44M	$497.10M	$501.25M	$473.91M	$466.79M
Low Forecast	$758.84M	$745.31M	$732.02M	$718.97M	$712.79M	$722.99M	$706.08M	$681.09M	$636.94M	$647.78M	$629.68M	$603.71M	$607.00M	$617.26M	$598.47M	$583.06M	$568.48M	$565.41M	$557.00M	$404.34M	$530.73M	$535.47M	$521.46M	$367.59M	$425.04M	$518.44M	$497.10M	$334.17M	$473.91M	$466.79M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.93%	0.87%	0.87%	1.04%	0.92%	0.89%	0.95%	1.15%	1.02%	0.98%

Waste Management's average Quarter SG&A projection for Mar 24 is $505.43M, based on 4 Wall Street analysts, with a range of $404.34M to $606.52M. The forecast indicates a 2.52% rise compared to WM last annual SG&A of $493.00M (Dec 23).

Waste Management EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	4	3	4	3	5	4	5	4	5	4	5	4	4	3	4	8	12	6	3	4	7	16	8	9	12	7	7	8	13	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.23	$1.64	$1.51	$1.31	$1.22	$1.55	$1.42	$1.24	$1.21	$1.28
Avg Forecast	$2.77	$2.89	$2.72	$2.56	$2.58	$2.69	$2.50	$2.35	$2.30	$2.37	$2.23	$2.07	$2.08	$2.15	$2.01	$1.83	$1.82	$1.88	$1.83	$1.50	$1.53	$1.61	$1.55	$1.29	$1.41	$1.52	$1.40	$1.14	$1.26	$1.35
High Forecast	$2.91	$3.03	$2.85	$2.68	$2.70	$2.82	$2.62	$2.46	$2.41	$2.48	$2.34	$2.17	$2.17	$2.25	$2.11	$1.92	$1.93	$1.89	$1.83	$1.54	$1.57	$1.70	$1.62	$1.35	$1.48	$1.52	$1.40	$1.14	$1.26	$1.41
Low Forecast	$2.67	$2.78	$2.62	$2.46	$2.48	$2.59	$2.41	$2.26	$2.21	$2.28	$2.15	$1.99	$2.00	$2.07	$1.94	$1.56	$1.73	$1.88	$1.83	$1.46	$1.48	$1.55	$1.49	$1.24	$1.36	$1.52	$1.40	$1.14	$1.26	$1.30
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.80%	1.02%	0.98%	1.02%	0.86%	1.02%	1.01%	1.09%	0.96%	0.95%

According to 4 Wall Street analysts, Waste Management's projected average Quarter EPS for Mar 24 is $1.50, with a low estimate of $1.46 and a high estimate of $1.54. This represents a 21.98% increase compared to WM previous annual EPS of $1.23 (Dec 23).

Waste Management Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
MEG	Montrose Environmental Group	$22.00	$49.33	124.23%	Buy
CWST	Casella Waste Systems	$109.88	$119.25	8.53%	Buy
GFL	GFL Environmental	$44.75	$45.75	2.23%	Buy
RSG	Republic Services	$214.68	$201.36	-6.20%	Buy
SRCL	Stericycle	$61.98	$56.33	-9.12%	Hold
WM	Waste Management	$225.68	$201.50	-10.71%	Buy
WCN	Waste Connections	$187.50	$166.88	-11.00%	Buy
CLH	Clean Harbors	$259.09	$205.38	-20.73%	Buy

WM Forecast FAQ

Is Waste Management a good buy?

Yes, according to 15 Wall Street analysts, Waste Management (WM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 66.67% of WM's total ratings.

What is WM's price target?

Waste Management (WM) average price target is $201.5 with a range of $152 to $250, implying a -10.71% from its last price of $225.68. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Waste Management stock go up soon?

According to Wall Street analysts' prediction for WM stock, the company can go down by -10.71% (from the last price of $225.68 to the average price target of $201.5), up by 10.78% based on the highest stock price target, and down by -32.65% based on the lowest stock price target.

Can Waste Management stock reach $300?

WM's average twelve months analyst stock price target of $201.5 does not support the claim that Waste Management can reach $300 in the near future.

What is Waste Management's current price target trend?

5 Wall Street analysts forecast a $229.6 price target for Waste Management (WM) this month, up 1.74% from its last price of $225.68. Compared to the last 3 and 12 months, the average price target increased by 1.03% and decreased by -1.35%, respectively.

What are Waste Management's analysts' financial forecasts?

Waste Management's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $28.33B (high $29.36B, low $27.52B), average EBITDA is $7.8B (high $8.08B, low $7.57B), average net income is $4.08B (high $4.27B, low $3.93B), average SG&A $2.91B (high $3.01B, low $2.82B), and average EPS is $10.11 (high $10.59, low $9.74). WM's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $29.66B (high $30.74B, low $28.8B), average EBITDA is $8.16B (high $8.46B, low $7.93B), average net income is $4.41B (high $4.62B, low $4.25B), average SG&A $3.04B (high $3.15B, low $2.96B), and average EPS is $10.94 (high $11.46, low $10.53).

Did the WM's actual financial results beat the analysts' financial forecasts?

Based on Waste Management's last annual report (Dec 2023), the company's revenue was $20.43B, which missed the average analysts forecast of $20.56B by -0.63%. Apple's EBITDA was $5.84B, beating the average prediction of $5.5B by 6.11%. The company's net income was $2.3B, missing the average estimation of $2.38B by -3.26%. Apple's SG&A was $1.87B, missing the average forecast of $2.07B by -9.67%. Lastly, the company's EPS was $5.69, missing the average prediction of $5.98 by -4.79%. In terms of the last quarterly report (Dec 2023), Waste Management's revenue was $5.22B, beating the average analysts' forecast of $5.19B by 0.46%. The company's EBITDA was $1.54B, beating the average prediction of $1.43B by 8.08%. Waste Management's net income was $493M, missing the average estimation of $617.28M by -20.13%. The company's SG&A was $493M, missing the average forecast of $532.78M by -7.47%. Lastly, the company's EPS was $1.23, missing the average prediction of $1.53 by -19.66%