Melius Research Initiates Waste Management Coverage with Buy Rating and $263 Target

Waste Management Inc. (NYSE:WM) is one of the best 52-week high stocks to buy, according to analysts. On June 10, Melius Research’s analyst initiated stock coverage with a ‘Buy’ rating and a $263 price target. The bullish stance stems from expectations of short- and long-term performance.

Melius Research Initiates Waste Management Coverage with Buy Rating and $263 Target

A worker sorting recyclable materials on a conveyor belt inside a Material Recovery Facility.

According to the research firm, there is reduced risk and limited earnings downside. In addition, the company has shown significant growth potential. While the stock trades at a premium, it aligns with historical averages.

Waste Management boasts a competitive edge in the sector as it can leverage strong pricing power through contractual agreements. That was evident as the company reported a strong start to 2025. Its first-quarter results exceeded expectations, characterized by a 12% growth in operating EBITDA.

Waste Management Inc. (NYSE:WM) provides environmental solutions to residential, commercial, industrial, and municipal customers. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, recovery facility, or disposal site.

While we acknowledge the potential of WM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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