WM stock forecast, quote, news & analysis

Key Takeaways

• Waste Management (WM) shares climbed roughly 15% over the last 30 days, from about $207 to approximately $239.
• The move represents a sharp rebound from an oversold September pullback tied to softer collection-and-disposal volumes and trimmed full-year guidance.
• Gains accelerated into WM's third-quarter earnings report, scheduled for Oct. 27, alongside broadly constructive analyst commentary.
• Over the last quarter the stock is nearly flat, tracing a V-shaped path: near $239 in late July, a low around $202 in early October, then a recovery.
• Wall Street consensus remains a "Moderate Buy," with average price targets near $253–$256.
• Strong Q3 results from peers Waste Connections (WCN) and Rollins (ROL) lent support to the environmental-services group.
• For deeper detail, review WM's Price Targets, Earnings, and Forecast pages.
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Waste Management (WM) Company Overview and Market Position

Waste Management, Inc. (NYSE: WM) is North America's largest environmental-services provider. The company operates an integrated network of collection routes, transfer stations, landfills, recycling facilities, and renewable-energy assets, serving residential, commercial, industrial, and municipal customers. Its business is organized around collection and disposal, recycling processing and sales, renewable energy (including renewable natural gas), and healthcare solutions.

WM's competitive strength rests on route density, a vast and scarce landfill portfolio, and long-standing municipal contracts that create durable pricing power and high barriers to entry. With a market capitalization near $95 billion, a low beta of roughly 0.42, and a quarterly dividend of $0.945 per share, the stock is widely followed as a defensive, cash-generative compounder.

Waste Management (WM) Stock Price Performance: Last 30 Days vs. Quarter

Over the last 30 days, WM rose approximately 15%, climbing from a closing price of about $207.88 on Sept. 23 to $239.38 on Oct. 23. The advance was not linear: the stock bottomed near $202 in the first session of October before steadily recovering through the month.

The quarterly picture is different in character. Roughly three months earlier, in late July, WM traded near $238–$239. The stock then declined through August and September to a low around $202 in early October before rallying back to about $239. The net result is a nearly flat quarter, but the path was marked by a meaningful mid-period drawdown and a strong recovery.

What Drove WM Stock Price in the Last 30 Days

The 30-day rally largely reflects a rebound from oversold conditions. WM had pulled back through September after its second-quarter report, released July 28, showed a revenue figure of $6.68 billion that slightly missed expectations, along with trimmed full-year revenue guidance tied to softer collection-and-disposal volumes.

As October progressed, several factors supported the recovery. First, anticipation built ahead of WM's third-quarter earnings report, with consensus estimates calling for revenue of roughly $6.8 billion and earnings per share of about $2.18, up 10.1% year over year. Second, analyst commentary leaned constructive: Oppenheimer maintained a Buy rating with a $263 target in early October, Raymond James reaffirmed an Outperform rating, and Citi reiterated a Buy rating in mid-October. Third, peer results reinforced sector sentiment, with Waste Connections rising about 9.9% and Rollins about 5.6% following their own Q3 reports. Finally, growing investor attention on WM's renewable-energy segment, where analysts projected a roughly 39% revenue increase, added a growth narrative to an otherwise defensive story.

What Drove WM Stock Performance Over the Last Quarter

The quarter's V-shaped pattern was shaped primarily by fundamentals and leadership news. The July earnings release, while delivering an EPS beat of $2.02 versus a $1.98 estimate, included a revenue miss and reduced full-year sales guidance as commercial and municipal solid-waste volumes lagged expectations. That triggered a multi-week decline into early October.

A separate development added a layer of transition risk: on Aug. 26, WM announced that CEO Jim Fish plans to retire, with John Morris named as the next chief executive. The company also maintained its $0.945 quarterly dividend. As sentiment improved in October, the stock recovered, erasing the drawdown and returning to its late-July level.

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WM Stock Forecast Drivers: What Investors Should Watch Next

Looking ahead, the most immediate catalyst is WM's third-quarter earnings report, where investors will focus on core pricing, collection-and-disposal volumes, margin execution, and any updates to full-year guidance. The renewable-energy and recycling segments, both expected to grow strongly, will also be closely watched. The CEO transition and its impact on strategy and capital allocation represent a longer-term consideration. Macroeconomic factors such as interest rates, inflation, fuel costs, and industrial activity remain relevant to volumes and margins. Finally, WM's premium valuation, with a price-to-earnings ratio above 30, means any earnings or guidance surprise could generate outsized price reactions.

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