Walgreens stock price forecast has been positively impacted by cost

Walgreens stock price forecast has been positively impacted by cost optimization and store footprint restructuring, giving the stock a potential 12-month upside of 10–15% from current levels. It is also important to note the recent changes to analyst estimates for Walgreens Boots Alliance. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. Risk-adjusted Walgreens stock price forecast assumes macroeconomic stability, estimating a fair value zone between $23 and $25 over the next quarter.