WM Price Prediction Next Week
Technical Analysis: WM's stock has shown a downward trend in the past week, declining from $204.52 on February 26 to $202.88 on March 1. The recent price action suggests increasing selling pressure.
News Sentiment Analysis:
- Bill Gates Foundation maintains significant holdings in WM through its portfolio, indicating long-term institutional confidence
- Management's forecast calls for 16% revenue growth and 15% increase in adjusted EBITDA in 2025, driven by Stericycle acquisition synergies
- Expected to extract $250 million in synergies from Stericycle acquisition, with $100 million coming in 2025
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Resistance level: $205.00
- Support level: $200.74
- Target price range: $201.50 - $204.00
Trading Recommendation: SELL Rationale:
- RSI indicators suggest overbought conditions
- Recent price action shows weakening momentum
- Stock is trading near resistance levels around $205
- Volume has been declining on up moves, indicating weakening buying pressure
Entry/Exit Strategy:
- Entry point for short positions: Current price ($202.88)
- Stop loss: $205.50
- First target: $201.50
- Second target: $200.74
The stock is showing signs of exhaustion after recent gains and technical indicators suggest a potential pullback. Traders should consider taking short positions with strict stop-loss management.
WM Similar Chart Price Prediction
The price of WM is predicted to go up -5.31%, based on the high correlation periods with JPM. The similarity of these two price pattern on the periods is 98.9%.
WM
JPM
Down: -5.31%Similarity: 98.9%
WM Revenue Forecast
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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
Konark Gupta
Scotiabank
Buy
2025-02-03
Price Target
$250 → $255
Upside
+13.98%
Scotiabank analyst Konark Gupta upgraded WM to Outperform from Sector Perform with a $250 price target.
Noah Kaye
Oppenheimer
Buy
2025-01-31
Price Target
$231 → $237
Upside
+7.6%
Jeffrey Goldstein
Morgan Stanley
Hold
2025-01-31
Price Target
$227 → $235
Upside
+6.69%
