Wall Street Expects This Stock to Skyrocket 30%. Is That Realistic?
What goes down can come up. Several analysts making just such a prediction for Walgreens Boots Alliance (NASDAQ: WBA).
Shares of the pharmaceutical services leader have fallen close to 17% so far this year while the S&P 500 has risen nearly 8%. Walgreens could be poised to rebound, though. Wall Street expects the stock to skyrocket by 30%. But is that realistic?
Of the 24 analysts surveyed by Refinitiv in May, five rated Walgreens as a "strong buy" with another 10 analysts recommending buying the stock. Although nine analysts rated Walgreens as a "hold," there wasn't a single sell recommendation among the group.
Source Fool.com