- Walgreens' earnings surpass expectations amid cost-cutting measures, ahead of its $10 billion privatization deal with Sycamore Partners.
- Wall Street provides a moderate "Hold" recommendation with an average price target suggesting an 11.00% upside potential.
- GuruFocus projects a significant potential upside of 210.51% based on its GF Value estimate over the next year.
Walgreens Boots Alliance Inc. (WBA, Financial) recently posted quarterly earnings that exceeded Wall Street expectations, attributing its success to strategic cost-cutting efforts. This performance comes as the company gears up for a significant transformation, preparing to go private in a $10 billion deal with Sycamore Partners, slated to close later this year.
Wall Street Analysts' Forecasts and Recommendations
Market analysts have weighed in on Walgreens Boots Alliance (WBA, Financial) with 13 offering their price targets for the next year. The average target price is pinned at $12.04, with estimates stretching from a high of $19.21 to a low of $8.50. This average target indicates an anticipated upside of 11.00% from the current trading price of $10.85. For more in-depth estimate details, visit the Walgreens Boots Alliance Inc (WBA) Forecast page.
Additionally, insights from 16 brokerage firms suggest that Walgreens Boots Alliance holds an average recommendation of 2.9, translating to a "Hold" rating. This rating falls within a scale ranging from 1 to 5, where 1 represents a "Strong Buy" and 5 indicates a "Sell." Such a recommendation reflects a cautious stance from the market participants.
GuruFocus Valuation and Market Implications
According to GuruFocus estimates, the GF Value for Walgreens Boots Alliance in one year is projected at $33.69. This suggests a compelling upside of 210.51% based on the current share price of $10.85. The GF Value is indicative of the fair trading value, derived from historical trading multiples, past business growth, and anticipated future performance. For more comprehensive data, explore the Walgreens Boots Alliance Inc (WBA, Financial) Summary page.
