Walgreens Boots Alliance, Inc.’s Stock Price Suffers a 3.91% Dip, Trading at a Lowly $9.35

Walgreens Boots Alliance, Inc. (WBA)

9.35 USD -0.38 (-3.91%) Volume: 26.16M

Walgreens Boots Alliance, Inc.’s stock price currently stands at 9.35 USD, witnessing a trading session dip of -3.91%, with a trading volume of 26.16M. The WBA stock has experienced a substantial year-to-date (YTD) decline of -64.19%, reflecting its volatile market performance.

Latest developments on Walgreens Boots Alliance, Inc.

Walgreens Boots Alliance stock price faced a series of setbacks leading up to today’s movements. Analysts at TD Cowen and Jefferies lowered the price target for the company, with Jefferies slashing it to $9 from $19. The stock declined as analysts raised concerns about the impact of store closures and competitive pressures. Despite this, some analysts see potential for a turnaround, highlighting the company’s cost-cutting efforts and activist investor interest. Walgreens also made headlines for collecting millions of pounds of unused prescription medication and partnering with Dion’s Dream Chicago for a Dream Vault Smart Locker. The stock price dropped by 5.6% following the analyst downgrade, with TD Cowen lowering the price target to $14. Despite the challenges, some analysts still view Walgreens as a strong buy, pointing to reasons for a potential rally in the stock.

Walgreens Boots Alliance, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are covering Walgreens Boots Alliance and providing insights on the company’s performance for the third quarter of Fiscal Year 2024. In their research report titled “Walgreens Boots Alliance: Enhancing Digital & Operational Efficiency To Expand Margins! – Major Drivers”, they discuss the mixed outcomes in various areas of the company’s businesses. The report highlights both the positive developments and drawbacks evident in the quarter under review, emphasizing the importance of a comprehensive view of Walgreens Boots Alliance‘s performance.

A look at Walgreens Boots Alliance, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Walgreens Boots Alliance, Inc. seems to be in a strong position for the long term, according to the Smartkarma Smart Scores. The company scores high in Value and Dividend, indicating that it is considered a good investment with strong returns for shareholders. Additionally, Walgreens Boots Alliance scores well in Momentum, suggesting that it is performing well in terms of stock price movement. However, the company’s scores for Growth and Resilience are lower, indicating potential areas for improvement in terms of expansion and ability to withstand economic challenges.

Overall, Walgreens Boots Alliance operates retail drugstores offering a wide range of products and services, including health services such as primary and acute care. With high scores in Value, Dividend, and Momentum, the company appears to be on solid ground for the future. However, the lower scores in Growth and Resilience may be areas for the company to focus on in order to ensure continued success and stability in the long term.

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