Key Highlights

● WM shares ended 9 October 2026 at $208.76, down 0.64%.

● Market data consensus target is $256.65, implying about 22.9% upside.

● Targets range from $225.00 to $277.00.

● JPMorgan lowered its target from $270 to $235 on 8 October.

Shares of Waste Management (NYSE:WM), a member of the S&P 500, closed at $208.76 on Friday 9 October 2026, down 0.64% on the day. Analyst targets sit well above that level, with the consensus implying upside of about 22.9%. Recent broker revisions have mostly been upward.

What Is the Latest Analyst Price Target?

Market data reports a consensus price target of $256.65 from 18 ratings in the past twelve months, with a high of $277.00 and a low of $225.00. Against the $208.76 close, the consensus target suggests potential upside of about 22.9%. The second data set, using third-party data from 28 analysts, shows a mean of $255.56, a median of $260 and a range of $220 to $277. Market data rates the stock Moderate Buy and the second data set rates it Buy.

These two are very close, and both are consistent with the recent named broker targets, which average roughly $257.

What Are Wall Street Analysts Saying?

Market data shows 13 Buy ratings, five Hold and no Sell. The second data set lists 16 Strong Buy, three Buy and nine Hold. Even so, the most recent moves were target cuts. According to market data, JPMorgan lowered its Overweight target from $270 to $235 on 8 October, and CIBC cut its Neutral target from $250 to $225 the same day. The second data set also lists Raymond James trimming its Buy target from $262 to $254 on 9 October, while Wells Fargo maintained a Buy with a $268 target and Bernstein kept a Buy with $270.

Earlier in the summer, brokers were raising targets. UBS lifted its Buy target from $265 to $270 on 4 August. On 30 July, Barclays raised its Overweight target from $270 to $277, Stifel Nicolaus raised its Buy target from $252 to $261 and Royal Bank of Canada raised its Sector Perform target from $240 to $244.

What Could Help the Stock Reach the Price Target?

The consensus target sits about 23% above the current price, so recovery would need renewed investor confidence. Supportive factors could include price increases in collection and disposal, growth in landfill volumes, expansion of renewable natural gas and recycling operations, and benefits from acquisitions. Most brokers still hold Buy or equivalent ratings, and several targets are above $260.

What Could Prevent the Stock Reaching the Target?

The October cuts by JPMorgan, CIBC and Raymond James suggest some brokers have reduced their expectations. Waste companies face risks from softer industrial and construction volumes, fuel and labour costs, lower recycled commodity prices, integration risks from acquisitions and regulation of landfills and emissions. The fact that the shares closed lower on 9 October, and trade well below even the lowest target of $225 on market data, shows how far sentiment would need to change.

What Should Investors Watch Next?

Other items to monitor include further broker target changes, volume and pricing trends, fuel costs and recycling commodity prices.

How Analysts See Waste Management After the Latest Close

Waste Management closed at $208.76 on 9 October 2026, down 0.64% on the day, against a market data consensus target of $256.65. According to market data, JPMorgan lowered its Overweight target from $270 to $235 on 8 October, and CIBC cut its Neutral target from $250 to $225 the same day.