Walgreens Boots Alliance Surpasses Analyst Price Target, Signals Assessment Shift

In recent trading, shares of Walgreens Boots Alliance Inc (Symbol: WBA) have moved above the average analyst 12-month target price of $11.15, currently changing hands for $11.16 per share. When a stock reaches an analyst’s target, they typically respond in one of two ways: downgrade on valuation or adjust their target price upward. An analyst’s reaction may also depend on positive business developments that justify a higher stock price.

Analyzing the Current Analyst Consensus

Thirteen different analyst targets contribute to the average for Walgreens Boots Alliance Inc. While the average may seem straightforward, actual analyst targets vary. Some analysts project lower prices, with one forecasting a target of $8.00, while another is as optimistic as $15.00. The standard deviation among these targets is $1.906.

The purpose of examining the average WBA price target is to leverage collective insights gained from various analysts, avoiding reliance on the opinion of a single expert. With WBA now trading above the average target price of $11.15 per share, it prompts investors to reassess the company’s standing. Is $11.15 merely a stepping stone toward a higher target, or has the valuation become overly stretched, signaling a need to reconsider their positions?

Current Analyst Ratings Breakdown

The average rating in the table indicates a scale from 1 to 5, where 1 represents a Strong Buy and 5 a Strong Sell. This analysis is based on data provided by Zacks Investment Research via Quandl.com.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.