80/100BWaste Management stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Waste Management is 257.20, 4.7% above the current price of 245.71. Their targets range from 225.00 to 280.00.
Of the 15 firms that rated Waste Management in the past 12 months, 10 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 225.00 to 280.00, with an average of 257.20.
| Buy | 10 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 280.00 |
| Average target | 257.20 |
| Lowest target | 225.00 |
| Current price | 245.71 |
Waste Management price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Waste Management price target and rating?
How analysts rate Waste Management, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
10 of 15 firms rate it buy now, against 10 of 15 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Waste Management analyst upgrades, downgrades and price targets
The latest rating change came on 7 July 2026, when CIBC upgraded Waste Management from Neutral to Outperform. Its price target is 244.00. The most recent new target came from UBS on 30 October 2026: 280.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 30 Oct 2026 | UBS Jon Windham | Reiterated · Buy | 260.00 → 280.00 | +7.7% | 230.90 |
| 29 Oct 2026 | Raymond James Patrick Tyler Brown | — | 251.00 | — | 225.15 |
| 29 Oct 2026 | Oppenheimer Noah Kaye | — | 264.00 → 263.00 | -0.4% | 225.15 |
| 29 Oct 2026 | Jefferies Stephanie Moore | — | 267.00 | — | 225.15 |
| 8 Oct 2026 | CIBC | Reiterated · Neutral | 244.00 → 225.00 | -7.8% | 208.38 |
| 7 Jul 2026 | CIBC | Upgraded · Neutral → Outperform | 244.00 | — | 228.98 |
| 30 Jan 2026 | Oppenheimer | Reiterated · Outperform | 262.00 → 264.00 | +0.8% | 223.13 |
| 21 Jan 2026 | Scotiabank | Downgraded · Sector Outperform → Sector Perform | 254.00 → 250.00 | -1.6% | 222.79 |
| 9 Jan 2026 | UBS | Upgraded · Neutral → Buy | 260.00 | — | 217.86 |
| 5 Jan 2026 | Bernstein Connor Cerniglia | Reiterated · Outperform | 260.00 | — | 217.94 |
| 24 Nov 2025 | Goldman Sachs | — | 256.00 | — | 216.62 |
| 13 Nov 2025 | Wells Fargo | — | 238.00 | — | 204.51 |
Waste Management EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Waste Management's EPS to grow 13.4% a year until 2028. Over the last 5 years it grew 13.7% a year, and over the last 3 years 7.5%.
Analysts expect Waste Management's revenue to grow 4.9% a year until 2028, slower than over the last 5 years (10.6% a year) and the last 3 years (8.6%).
Revenue
EPS
Does Waste Management beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 4.6% off the result, either way, and their revenue estimate 0.9%, over the last 12 quarters.
- EPS beats
- 73 / 134
- Revenue beats
- 66 / 117
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +2.9%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 27 Oct 2026 | 2.18 | 2.15 | -1.4% | 6.81B | 6.85B | +0.5% |
| Q2 FY2026 | 28 Jul 2026 | 1.98 | 2.02 | +2.0% | 6.71B | 6.68B | -0.4% |
| Q1 FY2026 | 28 Apr 2026 | 1.75 | 1.81 | +3.4% | 6.28B | 6.23B | -0.8% |
| Q4 FY2025 | 28 Jan 2026 | 1.95 | 1.93 | -1.0% | 6.39B | 6.31B | -1.2% |
| Q3 FY2025 | 27 Oct 2025 | 2.01 | 1.98 | -1.5% | 6.49B | 6.44B | -0.8% |
| Q2 FY2025 | 28 Jul 2025 | 1.89 | 1.92 | +1.6% | 6.36B | 6.43B | +1.1% |
| Q1 FY2025 | 28 Apr 2025 | 1.59 | 1.67 | +5.0% | 6.11B | 6.02B | -1.5% |
| Q4 FY2024 | 29 Jan 2025 | 1.80 | 1.70 | -5.6% | 5.84B | 5.89B | +1.0% |
| Q3 FY2024 | 28 Oct 2024 | 1.89 | 1.96 | +3.7% | 5.51B | 5.61B | +1.7% |
| Q2 FY2024 | 24 Jul 2024 | 1.83 | 1.82 | -0.5% | 5.43B | 5.40B | -0.5% |
| Q1 FY2024 | 24 Apr 2024 | 1.51 | 1.75 | +15.9% | 5.22B | 5.16B | -1.1% |
| Q4 FY2023 | 12 Feb 2024 | 1.53 | 1.74 | +13.7% | 5.19B | 5.22B | +0.4% |
Waste Management stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Waste Management's earnings keep growing at the 9.2% a year analysts expect to FY2028, it would earn about 11.66 a share in FY2030. At the P/E it has traded at over the last five years (28.9 to 38.6) that is 337.59 to 450.60 a share, or 375.89 at its average P/E of 32.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 8.06 | 233.20 | 259.65 | 311.26 |
| FY2027 | 8.89 | 257.20 | 286.38 | 343.30 |
| FY2028 | 9.77 | 282.93 | 315.03 | 377.65 |
| FY2029 (extrapolated) | 10.68 | 309.05 | 344.12 | 412.51 |
| FY2030 (extrapolated) | 11.66 | 337.59 | 375.89 | 450.60 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 9.2% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (28.9, 32.2, 38.6).
Is Waste Management stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Waste Management's P/E of 32.1 is below the middle of its 5-year range (28.5 to 39.6, median 33.5). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay about the usual price for each point of growth: a PEG of 2.4 on expected growth against 2.4 on its median P/E and past five years' growth. At its usual P/E (33.5 × EPS of 7.65), Waste Management's fair value is 255.93, close to the price of 245.71. Its forward P/E, on the consensus for FY2026, is 30.5.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (28.5 and 39.6). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 32.12
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 33.45
- Five-year P/E range
- 28.5 – 39.6
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 30.50
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 3.48
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +4.7%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 235.690 | 464.49205Price 235.69627 | +97.1% | |
| 28.860 | 56.2634Price 28.8696 | +94.9% | |
| 199.110 | 384.58163Price 199.112,644 | +93.1% | |
| 123.990 | 237.24178Price 123.99297 | +91.3% | |
| 157.820 | 297.58169Price 157.82471 | +88.6% | |
| 162.670 | 305.52160Price 162.67396 | +87.8% | |
| 216.610 | 405.38304Price 216.61507 | +87.1% |
Furthest below the fair value on each stock's page, updated every day.