Walgreens Boots Alliance Stock: Is Wall Street Bullish or Bearish?

Headquartered in Deerfield, Illinois, Walgreens Boots Alliance, Inc. (WBA) is a global pharmacy and healthcare company with a market cap of $8 billion. Walgreens Boots Alliance provides a wide range of health and wellness products and services, serving millions of customers across various countries through its extensive retail and online presence. 

Shares of Walgreens Boots have significantly underperformed the broader market over the past year. WBA has declined 57.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 36.4%. In 2024 alone, the stock is down 64.5%, compared to the SPX’s 25.3% rise on a YTD basis.