On May 23, 2025, JP Morgan upgraded the stock rating of Waste Management (WM, Financial) from "Neutral" to "Overweight." This significant upgrade reflects a positive outlook on the company's performance and potential future growth.
Accompanying the rating upgrade, JP Morgan analyst Tami Zakaria also raised the price target for Waste Management (WM, Financial) from $225.00 to $277.00. This adjustment represents a notable 23.11% increase in the price target, indicating increased confidence in the stock's value.
The update from JP Morgan suggests heightened expectations for Waste Management (WM, Financial) in the market, emphasizing its solid standing within the industry and potential for continued success in the coming period.
The stock ticker for Waste Management is WM, and the assessment and changes were made in the context of the NYSE exchange, although the exchange itself is not specified in the stock ticker notation.
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 6.08% from the current price of $233.32. More detailed estimate data can be found on the Waste Management Inc (WM) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Waste Management Inc's (WM, Financial) average brokerage recommendation is currently 2.3, 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 $237.47, suggesting a upside of 1.78% from the current price of $233.32. 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.
