On June 9, 2025, Melius Research initiated coverage on Waste Management (WM, Financial) with a 'Buy' rating. This marks a significant development for the company, as this is a new rating from the analyst firm. The rating was provided by Rob Wertheimer, an analyst at Melius Research.
Alongside this new rating, Waste Management (WM, Financial) has been assigned a price target of $263.00 USD. This target suggests potential growth for the stock, aligning with the positive 'Buy' rating from the analyst firm.
It's important to note that this is the first time Melius Research has provided a rating for Waste Management (WM, Financial), as there is no prior rating or target price for comparison. The initiation of coverage and the positive outlook could foster increased attention from investors interested in the performance of Waste Management (WM).
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 $248.90 with a high estimate of $271.00 and a low estimate of $196.11. The average target implies an upside of 6.26% from the current price of $234.23. More detailed estimate data can be found on the Waste Management Inc (WM) Forecast page.
Based on the consensus recommendation from 25 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 $238.70, suggesting a upside of 1.91% from the current price of $234.23. 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.
