Republic Services, Inc.

RSG · NYSE

Low target$220.00
Average target$242.93
High target$267.00

Analyst ratings

buy · 14 ratings

DateFirmActionRatingPrice target
July 10, 2026CitigroupMaintainsBuy$259.00
May 12, 2026UBSMaintainsNeutral$223.00
May 12, 2026CitigroupMaintainsBuy$247.00
May 11, 2026BarclaysMaintainsEqual-Weight$233.00
May 8, 2026RBC CapitalMaintainsOutperform$267.00
April 16, 2026BairdMaintainsNeutral$240.00
April 10, 2026JP MorganMaintainsNeutral$245.00
March 18, 2026Wells FargoMaintainsOverweight$252.00
March 5, 2026UBSMaintainsNeutral$240.00
February 23, 2026CitigroupMaintainsBuy$253.00
February 18, 2026Morgan StanleyMaintainsEqual-Weight$225.00
February 18, 2026BMO CapitalMaintainsOutperform$248.00
January 23, 2026OppenheimerMaintainsOutperform$255.00
January 21, 2026ScotiabankMaintainsSector Perform$242.00
January 20, 2026BarclaysMaintainsEqual-Weight$236.00
January 16, 2026CitigroupMaintainsBuy$244.00
January 5, 2026BernsteinMaintainsMarket Perform$220.00
December 22, 2025B of A SecuritiesMaintainsBuy$241.00
October 31, 2025JP MorganMaintainsNeutral$233.00
October 31, 2025ScotiabankMaintainsSector Perform$246.00
October 31, 2025StifelMaintainsBuy$251.00
October 16, 2025UBSMaintainsNeutral$240.00
October 14, 2025JP MorganMaintainsNeutral$260.00
October 8, 2025OppenheimerMaintainsOutperform$263.00
September 17, 2025CitigroupMaintainsBuy$270.00

Earnings growth sustainability and valuation premium

Bull case

Republic Services has consistently beaten earnings estimates, posting EPS of $1.70 versus the $1.64 consensus in Q1, with analysts forecasting 7.29 EPS for the full fiscal year. Citigroup raised its price target to $259 with a buy rating, reflecting confidence in sustained earnings momentum and pricing power.

Bear case

Despite earnings beats, Robert W. Baird cut its price target from $242 to $240 with a neutral rating, and Argus downgraded the stock from buy to hold. With 11 analysts rating it a hold alongside 11 buys, skeptics argue the current valuation leaves limited upside given modest revenue growth of only 2.6% year over year.

Revenue growth trajectory amid industry-wide underperformance

Bull case

Republic Services met analyst revenue expectations in Q1 with $4.11 billion in sales, up 2.6% year over year, while broader waste management peers missed consensus estimates by 2.7%. CEO Jon Vander Ark stated the company is "well positioned to achieve full-year objectives," signaling confidence in steady, predictable revenue delivery.

Bear case

Republic Services' 2.6% revenue growth is modest compared to broader growth expectations, and the environmental and facilities services sector as a whole fell short of consensus projections by 0.9% in Q1. Analysts forecast annual revenue growth of only 4.9%, raising concerns about whether the company can meaningfully accelerate its top-line expansion.

Stock price upside potential relative to current trading levels

Bull case

The analyst consensus 12-month average price target of approximately $243–$244 implies meaningful upside from recent trading levels near $212. Canadian Imperial Bank of Commerce reaffirmed an outperform rating with a $249 target, and EPS is projected to grow 8.1% per annum, supporting a case for price appreciation.

Bear case

JPMorgan Chase raised its target only modestly to $245 while maintaining a neutral rating, and the stock already surged 5.5% following Q1 earnings, potentially pricing in near-term positives. With half of covering analysts rating the stock a hold, the risk-reward at current levels appears limited to many on Wall Street.