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

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WM Stock Forecast

Waste Management stock forecast is as follows: an average price target of $201.50 (represents a -9.04% downside from WM’s last price of $221.53) 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 -9.04% downside from WM's last price of $221.53.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Kevin ChiangCIBC--4.78%2.92%
Oct 30, 2024Devin DodgeBMO Capital--1.59%-0.69%
Oct 30, 2024Konark GuptaScotiabank--3.69%1.57%
Oct 29, 2024Tobey SommerTruist Financial--14.10%12.85%
Oct 29, 2024Michael FenigerBank of America Securities--8.04%1.57%
Oct 03, 2024Konark GuptaScotiabank--5.22%-0.69%
Jul 26, 2024Devin DodgeBMO Capital--7.32%-3.85%
Jul 26, 2024David MantheyRobert W. Baird--8.04%-2.50%
Jun 03, 2024Jeffrey SilberBMO Capital--5.14%-4.30%
May 22, 2024Faiza AlwyDeutsche Bank--15.68%8.79%
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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 2.92% increase from WM last price ($221.53).

Waste Management Price Target by Period

1M3M12M
# Anlaysts5614
Avg Price Target$229.60$228.00$222.64
Last Closing Price$221.53$221.53$221.53
Upside/Downside3.64%2.92%0.50%

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 3.64% increase as opposed to Waste Management's last price of $221.53. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024CIBCNeutralNeutralHold
Oct 30, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 30, 2024OppenheimerOutperformOutperformHold
Oct 30, 2024ScotiabankSector PerformSector PerformHold
Oct 29, 2024Goldman SachsBuyBuyHold
Oct 29, 2024Bank of America SecuritiesNeutralNeutralHold
Oct 03, 2024ScotiabankBuySector PerformInitialise
Oct 03, 2024William BlairOutperformInitialise
Jul 26, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 03, 2024BMO CapitalMarket PerformMarket PerformHold
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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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 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$7.68B$7.55B$7.41B$7.28B$7.22B$7.32B$7.15B$6.90B$6.45B$6.56B$6.38B$6.11B$6.15B$6.25B$6.06B$5.84B$5.62B$5.51B$5.43B$5.22B$5.20B$5.30B$5.28B$4.90B$5.01B$5.05B$4.85B$4.45B$4.62B$4.55B
Low Forecast$7.55B$7.42B$7.29B$7.16B$7.09B$7.20B$7.03B$6.78B$6.34B$6.45B$6.27B$6.01B$6.04B$6.14B$5.96B$5.71B$5.54B$5.51B$5.43B$5.22B$5.17B$5.22B$5.19B$4.81B$4.93B$5.05B$4.85B$4.45B$4.62B$4.55B
# Analysts111122222222111454347168912778138
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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111454347168912778138
EBITDA--------------------$1.54B$1.52B$1.21B$1.32B$1.34B$1.42B$1.38B$1.25B$1.24B$1.31B
Avg Forecast$2.13B$2.09B$2.05B$2.01B$2.00B$2.03B$1.98B$1.91B$1.78B$1.82B$1.76B$1.69B$1.70B$1.73B$1.68B$1.61B$1.56B$1.54B$1.52B$1.30B$1.45B$1.47B$1.46B$1.18B$1.36B$1.39B$1.33B$1.07B$1.27B$1.25B
High Forecast$2.15B$2.11B$2.07B$2.03B$2.02B$2.04B$2.00B$1.93B$1.80B$1.83B$1.78B$1.71B$1.72B$1.75B$1.69B$1.63B$1.57B$1.54B$1.52B$1.56B$1.45B$1.48B$1.47B$1.42B$1.63B$1.39B$1.33B$1.29B$1.27B$1.25B
Low Forecast$2.11B$2.07B$2.03B$2.00B$1.98B$2.01B$1.96B$1.89B$1.77B$1.80B$1.75B$1.68B$1.69B$1.72B$1.66B$1.60B$1.55B$1.54B$1.52B$1.04B$1.44B$1.46B$1.45B$945.33M$1.09B$1.39B$1.33B$859.39M$1.27B$1.25B
Surprise %--------------------1.07%1.03%0.83%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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111454347168912778138
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$1.13B$1.18B$1.11B$1.04B$1.05B$1.10B$1.02B$956.57M$937.28M$964.79M$909.51M$844.64M$846.57M$877.50M$820.17M$777.20M$774.66M$760.39M$737.90M$646.87M$633.42M$686.97M$630.85M$588.06M$667.92M$611.75M$564.58M$534.60M$507.41M$568.08M
Low Forecast$1.11B$1.15B$1.08B$1.02B$1.03B$1.07B$996.77M$935.44M$916.58M$943.48M$889.42M$825.99M$827.87M$858.11M$802.05M$633.27M$693.97M$759.50M$737.87M$431.24M$597.11M$626.36M$616.92M$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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111454347168912778138
SG&A--------------------$493.00M$470.00M$467.00M$476.00M$487.00M$461.00M$473.00M$481.00M$483.00M$458.00M
Avg Forecast$785.49M$771.49M$757.73M$744.22M$737.82M$748.39M$730.89M$705.02M$659.32M$670.54M$651.80M$624.92M$628.32M$638.94M$619.50M$595.88M$575.69M$568.61M$559.97M$505.43M$535.63M$544.01M$539.78M$459.48M$531.30M$518.44M$497.10M$417.71M$473.91M$466.79M
High Forecast$792.52M$778.39M$764.52M$750.89M$744.43M$755.09M$737.43M$711.33M$665.22M$676.54M$657.63M$630.51M$633.94M$644.66M$625.04M$602.32M$579.87M$568.79M$559.97M$606.52M$536.66M$547.10M$544.61M$551.38M$637.56M$518.44M$497.10M$501.25M$473.91M$466.79M
Low Forecast$779.02M$765.13M$751.49M$738.09M$731.75M$742.22M$724.87M$699.21M$653.89M$665.02M$646.43M$619.77M$623.14M$633.68M$614.40M$589.43M$571.52M$568.43M$559.97M$404.34M$533.56M$538.33M$535.33M$367.59M$425.04M$518.44M$497.10M$334.17M$473.91M$466.79M
Surprise %--------------------0.92%0.86%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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111454347168912778138
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$2.81$2.93$2.75$2.59$2.61$2.72$2.53$2.37$2.32$2.39$2.26$2.09$2.10$2.18$2.03$1.93$1.92$1.89$1.83$1.54$1.57$1.70$1.56$1.30$1.43$1.52$1.40$1.14$1.26$1.41
Low Forecast$2.74$2.86$2.69$2.53$2.55$2.66$2.47$2.32$2.27$2.34$2.21$2.05$2.05$2.13$1.99$1.57$1.72$1.88$1.83$1.46$1.48$1.55$1.53$1.27$1.40$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MEGMontrose Environmental Group--162.11%Buy
CWSTCasella Waste Systems--7.11%Buy
GFLGFL Environmental---0.04%Buy
RSGRepublic Services---5.93%Buy
WMWaste Management---9.04%Buy
SRCLStericycle---9.12%Hold
WCNWaste Connections---11.71%Buy
CLHClean Harbors---17.86%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 -9.04% from its last price of $221.53. 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 -9.04% (from the last price of $221.53 to the average price target of $201.5), up by 12.85% based on the highest stock price target, and down by -31.39% 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 3.64% from its last price of $221.53. Compared to the last 3 and 12 months, the average price target increased by 2.92% and increased by 0.50%, 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 $28.58B, low $28.1B), average EBITDA is $7.91B (high $7.98B, low $7.85B), average net income is $4.08B (high $4.13B, low $4.03B), average SG&A $2.92B (high $2.95B, low $2.9B), and average EPS is $10.11 (high $10.23, low $10.01). WM's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $29.66B (high $29.92B, low $29.41B), average EBITDA is $8.28B (high $8.36B, low $8.21B), average net income is $4.41B (high $4.46B, low $4.36B), average SG&A $3.06B (high $3.09B, low $3.03B), and average EPS is $10.94 (high $11.07, low $10.82).

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 $5.57B by 4.93%. 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 $2.08B by -10.05%. 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 $1.45B by 6.55%. 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 $535.63M by -7.96%. Lastly, the company's EPS was $1.23, missing the average prediction of $1.53 by -19.66%