What 6 Analyst Ratings Have To Say About Walgreens Boots Alliance
Portfolio Pulse from Benzinga Insights
Walgreens Boots Alliance (NASDAQ:WBA) has been reviewed by 6 analysts with mixed opinions, ranging from bullish to bearish. The average 12-month price target is now $26.67, down 11.1% from the previous $30.00. Analysts from firms including HSBC, JP Morgan, RBC Capital, Truist Securities, and Mizuho have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Walgreens is a major retail pharmacy chain in the U.S., with significant market presence and recent positive revenue growth, but concerns arise from its high debt-to-equity ratio.
December 22, 2023 | 1:00 pm
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Analysts have mixed views on WBA, with a downward revision in the average price target to $26.67, indicating a potential short-term negative impact on the stock price.
The reduction in the average price target by analysts suggests that they expect the stock to underperform in the near term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100