TD Cowen analyst Charles Rhyee maintains $Walgreens Boots Alliance (WBA.US)$ with a buy rating, and maintains the target price at $14.
According to TipRanks data, the analyst has a success rate of 45.7% and a total average return of 2.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Walgreens Boots Alliance (WBA.US)$'s main analysts recently are as follows:
The company's share price has experienced an uplift following a fourth-quarter report that alleviated some immediate concerns, which prompted a temporary surge in stock value. However, there is a viewpoint that comments from management about earnings projections up to FY25 suggest ongoing fundamental challenges. Additionally, there are doubts about whether the strategy to close numerous stores will sufficiently improve Adjusted Operating Income to address the underlying issues in the core business. Future earnings forecasts could once again be overly optimistic. Nevertheless, the possibility that divesting assets could reveal hidden value and improve cash flow might negatively impact those betting against the stock.
The firm has updated its estimates and believes that, despite a projected continued year-over-year decline in adjusted EPS through FY26 at a decelerated pace, a return to growth is anticipated in FY27.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
