Waste Management, Inc. (WM) is currently trading at $206.83. Based on 25 Wall Street analysts, the average target price is $259.92, implying a 25.7% upside. The consensus recommendation is BUY.

No firm-level price target raises or cuts for WM are recorded in the past 30 days. Over the past 90 days, the feed records 6 target raises and 1 target cut for WM.

WM

Waste Management, Inc.

IndustrialsOpinion: buy

Opinion Criteria: Based on the consensus of Wall Street analysts. Strong Buy (1.0-1.5), Buy (1.5-2.5), Hold (2.5-3.5), Sell (3.5-4.5), Strong Sell (4.5-5.0).

Price (USD)

$206.83

Consensus target price range

Low–high band from analyst PT changes in the last 3 months; median & sample mean vs current price

LowHigh
$244.00$277.00
Current $206.83
Median: $263.00Mean: $263.43Current: $206.83

Recent price target updates (latest 80)

  • UBSAug 4, 2026

    PT action: Raises

    $265.00 → $270.00

  • RBC CapitalJul 30, 2026

    PT action: Raises

    $240.00 → $244.00

  • StifelJul 30, 2026

    PT action: Raises

    $252.00 → $261.00

  • BarclaysJul 30, 2026

    PT action: Raises

    $270.00 → $277.00

  • ScotiabankJul 16, 2026

    PT action: Raises

    $250.00 → $260.00

  • CitigroupJul 10, 2026

    PT action: Raises

    $263.00 → $269.00

  • OppenheimerJul 8, 2026

    PT action: Lowers

    $264.00 → $263.00

  • TD CowenApr 30, 2026

    PT action: Raises

    $270.00 → $275.00

  • RBC CapitalApr 30, 2026

    PT action: Raises

    $235.00 → $240.00

  • BarclaysApr 30, 2026

    PT action: Raises

    $266.00 → $270.00

  • Wells FargoApr 30, 2026

    PT action: Lowers

    $273.00 → $268.00

  • BairdApr 16, 2026

    PT action: Raises

    $248.00 → $260.00

  • JP MorganApr 10, 2026

    PT action: Raises

    $265.00 → $270.00

  • CIBCApr 6, 2026

    PT action: Raises

    $242.00 → $244.00

  • Wells FargoMar 18, 2026

    PT action: Raises

    $250.00 → $273.00

  • Wolfe ResearchMar 13, 2026

    PT action: —

    $0.00 → $0.00

  • TD CowenJan 30, 2026

    PT action: Raises

    $265.00 → $270.00

  • RBC CapitalJan 30, 2026

    PT action: Raises

    $223.00 → $235.00

  • OppenheimerJan 30, 2026

    PT action: Raises

    $263.00 → $264.00

  • Wells FargoJan 30, 2026

    PT action: Raises

    $246.00 → $250.00

Band uses only the revised target (Current column) from firm actions dated within the last 3 months—not the Prior price.

Avg Target

$259.92

Based on 25 analysts

Analyst Recommendations

Buy (19)Hold (9)Sell (0)

Upside

+25.67%

Market Cap

$82.67B

Financial & Investment Metrics

Next Earnings Date
Oct 27, 2026D-31
P/E Ratio (TTM)29.25
Forward P/E22.69
P/B Ratio8.33
Dividend Yield1.83%
Return on Equity (ROE)29.84%
Operating Margin18.99%
Debt to Equity235.30
Beta (Volatility)0.43
52 Week Range$194.11 - $248.13
LowCurrent: $206.83High

Daily editorial mentioning WM

Price target moves

LLY Target Climbs $89 as Healthcare Sector Faces Divergent Price Revisions

The most aggressive move in the latest data, as of July 9, 2026, involves Eli Lilly (LLY). Truist Securities pushed its target to $1,370 from $1,281, a significant $89 upward adjustment that signals continued confidence in the drugmaker’s pipeline. This shift stands in contrast to the broader trend seen among its peers, where several major names endured downward revisions.

The week in PT changes

Financials saw a flurry of activity yesterday, with UBS acting as the primary catalyst. The firm adjusted its outlook for four different names in the sector, nudging MetLife (MET) up to $105 from $102 and lifting Aon (AON) to $383 from $360. Perhaps more telling was the move on Chubb (CB), where the target jumped from $340 to $369, even as the implied upside dipped into negative territory. Schwab (SCHW) also received a boost, moving to $122 from $119.

Healthcare, however, remains the epicenter of conflicting sentiment. While LLY saw upward momentum from both Truist and Morgan Stanley—the latter raising its mark to $1,347—other stalwarts faced cuts. Morgan Stanley lowered its target for Regeneron (REGN) by $58, taking it to $730, and trimmed Gilead (GILD) to $166. Meanwhile, JP Morgan lowered its outlook for Pfizer (PFE) to $28 from $30.

Elsewhere, the industrial and materials sectors showed incremental adjustments. Martin Marietta Materials (MLM) saw a modest lift from Citigroup to $737, while Vulcan Materials (VMC) was pulled down slightly by UBS to $349. In the technology space, Palo Alto Networks (PANW) faced a sharp downward revision, with Evercore ISI Group cutting its target by $55 to $320.

Ticker Firm Dir Prior→Current
LLY Truist Securities Up 1281→1370
PANW Evercore ISI Group Down 375→320
AON UBS Up 360→383
VICI Morgan Stanley Down 38→31

What the data does not say

These revisions, found on our price target moves page, reflect the internal modeling of individual analyst teams rather than a collective market mandate. When an analyst lowers a price target, it does not necessarily imply a negative view on the company’s underlying business performance; often, it is a mathematical reaction to shifting interest rate assumptions, peer group valuation multiples, or updated quarterly guidance.

Furthermore, a downward revision—such as the $12 reduction for ConocoPhillips (COP) by UBS—often leaves the company with substantial implied upside, highlighting the gap between current market prices and analyst expectations. Investors should be careful not to conflate a change in a target price with a fundamental change in the thesis for these large-cap equities. These figures represent snapshots in time, calibrated to the specific variables used by each firm, and are not indicators of near-term price direction.

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Insider Sentiment Index (Last 6 Months)

Counts and listings exclude stock awards, gifts, and option exercises—open-market purchases and sales only.

Buy vs Sell (Count)

Insider Buys: 0Insider Sells: 10

Whale Trades (C-Level Large Buys)

No major insider buying detected recently.

Recent Insider Transactions

DateNamePositionTransactionShares
9/4/2026CARROLL JOHN AOfficerSale at price 219.90 per share.1,365
6/5/2026CARRASCO RAFAELOfficerSale at price 220.46 per share.2,655
3/9/2026MORRIS JOHN J JR.PresidentSale at price 243.38 per share.4,211
3/9/2026CARROLL JOHN AOfficerSale at price 245.30 per share.47
3/9/2026DESANTIS CHRISTOPHER POfficerSale at price 245.50 per share.61
3/9/2026VARKEY JOHNSONChief Technology OfficerSale at price 245.27 per share.121
3/9/2026REED DAVID L.Chief Financial OfficerSale at price 245.26 per share.75
3/6/2026MORRIS JOHN J JR.PresidentSale at price 245.07 per share.7,979
3/3/2026VARKEY JOHNSONChief Technology OfficerSale at price 244.13 per share.617
3/2/2026HEMMER TARA JOfficerSale at price 241.83 per share.4,818

Frequently Asked Questions

Q. What is the current target price and upside for WM?

A. The current target price for Waste Management, Inc. is $259.92, which implies a 25.7% upside from the current price of $206.83. This is based on the consensus of 25 Wall Street analysts.

Q. What is the current analyst recommendation for WM?

A. Currently, there are 3 Strong Buy, 16 Buy, 9 Hold, 0 Sell, and 0 Strong Sell ratings. The overall consensus is BUY.

Q. Are insiders buying WM stock recently?

A. Over the past 6 months, there have been 0 insider buys and 10 insider sells. Insider selling is more prominent recently.

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