Walgreens Boots Alliance, Inc.’s Stock Price Plummets to $9.73, Down by 6.89%

Walgreens Boots Alliance, Inc. (WBA)

9.73 USD -0.72 (-6.89%) Volume: 37.21M

Walgreens Boots Alliance, Inc.’s stock price is currently trading at 9.73 USD, experiencing a significant drop of -6.89% in the latest trading session with a high trading volume of 37.21M, reflecting a negative year-to-date (YTD) performance with a steep decline of -62.73%.

Latest developments on Walgreens Boots Alliance, Inc.

Walgreens Boots Alliance‘s stock price experienced a decline today after TD Cowen lowered its price target for the company from $16 to $14. This news comes amidst ongoing concerns about the impact of store closures on Walgreens’ performance, with analysts questioning the company’s ability to navigate challenges in the retail pharmacy space. Despite this, some experts believe Walgreens could be a strong buy, pointing to potential reasons for a stock rally in the future. Additionally, Walgreens recently partnered with Dion’s Dream Chicago to host a Dream Vault Smart Locker in one of its stores, showcasing the company’s commitment to innovation and community engagement. With competitors like Walmart now offering same-day pharmacy delivery, the pressure is on for Walgreens to adapt and stay competitive in the market.

Walgreens Boots Alliance, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been 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 positive developments and drawbacks evident in the quarter under review, emphasizing the importance of a comprehensive view of the company’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. has received high scores in Value and Dividend, indicating a strong financial position and commitment to rewarding shareholders. However, the company scored lower in Growth and Resilience, suggesting potential challenges in expanding its business and navigating uncertain market conditions. On the positive side, Walgreens Boots Alliance scored well in Momentum, reflecting strong market performance and investor interest in the company.

Overall, Walgreens Boots Alliance operates retail drugstores offering a wide range of products and health services. With high scores in Value, Dividend, and Momentum, the company appears to be in a solid position financially and in terms of market performance. However, lower scores in Growth and Resilience may signal areas for improvement or potential risks ahead. Investors will need to carefully monitor how Walgreens Boots Alliance addresses these factors to assess its long-term outlook.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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