WM Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Recommendations:
Waste Management (WM) has received positive endorsements from Jim Cramer, who labeled it a "super strong buy". Additionally, multiple analysts have raised their price targets for WM, with CIBC increasing it to $247 and Scotiabank to $255, reflecting strong confidence in the stock's potential.
Technical Analysis:
The Relative Strength Index (RSI) for WM is approximately 41.81 to 48.09, indicating the stock is not overbought. The MACD shows a slight bullish signal with a value of 0.53, suggesting upward momentum. The stock is currently trading near its Fibonacci pivot point of $226.32, with resistance levels at $230.57 and $233.20.
Price Prediction and Recommendation:
Based on the positive news sentiment and favorable technical indicators, WM is expected to rise to approximately $230 next week. The combination of analyst upgrades and Cramer's endorsement supports a buy recommendation.
Conclusion:
Predicted Price: $230
Recommendation: Buy
WM Similar Chart Price Prediction
The price of WM is predicted to go up -2.24%, based on the high correlation periods with HII. The similarity of these two price pattern on the periods is 90.36%.
WM
HII
Down: -2.24%Similarity: 90.36%
WM Revenue Forecast
WM EPS Forecast
WM FAQs
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WM VS S&P500
WM has a stable business model and enjoys a wide economic moat rooted in intangible assets (regulatory permits for landfills) and cost advantages (route density).
Management has streamlined the firm's cost infrastructure, optimized the efficiency of collection operations, and improved pricing execution in the core traditional solid waste business.
Significant investments are planned for renewable energy generation and recycling projects. These projects should support stronger earnings and free cash flow growth and raise the firm's already strong ESG profile.
WM Analyst's Forecast
Kevin Chiang
CIBC
Hold
2025-03-05
Price Target
$227 → $247
Upside
+7.21%
CIBC analyst Kevin Chiang raised the firm's price target on WM to $247 from $227 and keeps a Neutral rating on the shares as part of a quarterly recap for the North American solid waste sector. The waste names provided "solid" 2025 guidance when they reported Q4 results, and the firm views this outlook as "highly defensive," the analyst told investors.
Konark Gupta
Scotiabank
Buy
2025-02-03
Price Target
$250 → $255
Upside
+13.98%
Noah Kaye
Oppenheimer
Buy
2025-01-31
Price Target
$231 → $237
Upside
+7.6%
