Walgreens Stock is mixed performance in 2024 ;
Walgreens Boots Alliance (WBA) is experiencing mixed performance in 2024, reflecting a challenging period for the company. Analysts have provided a 12-month price forecast with an average target of $12.58, implying a potential upside of approximately 19.5% from its current price of $10.53. However, the stock carries a “Hold” consensus due to uncertainties surrounding its performance and growth trajectory.
Walgreens Boots Alliance (WBA) Revenue Growth ;
Revenue forecasts indicate modest growth, with projections for 2024 at $150.24 billion, representing a 1.75% increase from 2023. Despite these positive indicators, earnings per share (EPS) have been volatile, with recent declines attributed to restructuring efforts and macroeconomic pressures.
Investors are cautious about Walgreens’ evolving strategy, which includes a focus on healthcare services, pharmacy modernization, and digital innovation. However, competitive pressures and declining foot traffic in retail stores pose significant challenges .
