Fundamental Walgreens stock price forecast now values the company at a forward P/E of 8.7, indicating undervaluation compared to industry peers and suggesting a recovery rally toward $24. Investors should also note that WBA has a PEG ratio of 1.33 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Pharmacies and Drug Stores stocks are, on average, holding a PEG ratio of 1.54 based on yesterday's closing prices. CrowdStrike Tests $412 Support as Options Traders Turn Bullish Walgreens stock price forecast continues to track industry pharmacy trends, showing potential for above-market returns if retail health services keep expanding at double-digit rates.