Waste Connections stock: CIBC raises target for Waste Connections stock from USD 184 to USD 207

Published on 10/24/2026 at 01:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CIBC lifted its target to USD 207 on October 23, 2026 from USD 184. For Waste Connections stock, revenue reached USD 2.638 billion.

Growth and capital returns

CIBC raised its Waste Connections target to USD 207 on October 23, 2026.
Third-quarter revenue reached USD 2.638 billion, up 7.32 percent year over year.
The quarterly dividend rises to USD 0.385 per share for payment on November 19, 2026.

WCN, CA94106B1013, Illustration mit AI erstellt.

Waste Connections (CA94106B1013) drew a higher CIBC valuation after its third-quarter revenue reached USD 2.638 billion, up 7.32 percent from USD 2.458 billion a year earlier. According to Markets Insider on October 23, 2026, CIBC raised its price target from USD 184 to USD 207 and kept an Outperformer rating.

Third-quarter results reset expectations

Waste Connections reported net income of USD 359.2 million, or USD 1.43 per diluted share, for the third quarter of 2026, compared with USD 286.3 million and USD 1.11 per share in the third quarter of 2025. Adjusted earnings per share reached USD 1.58, while adjusted EBITDA was USD 895.8 million, equal to a 34.00 percent margin.

The company also raised its full-year 2026 outlook to USD 10.09 billion of revenue and USD 3.345 billion of adjusted EBITDA. Nine-month revenue stood at USD 7.570 billion, compared with USD 7.094 billion in the year-ago period.

What does the target increase mean?

CIBC's USD 207 target is USD 23 higher than its previous USD 184 target, a 12.50 percent increase. The cited report said the company had outperformed Street expectations while noting diesel prices, higher interest rates and residential construction softness as factors investors are weighing.

Three dated company developments

On October 21, 2026, Waste Connections reported USD 2.638 billion of third-quarter revenue. On October 21, 2026, it also announced a 10.00 percent increase in its quarterly dividend to USD 0.385 per share. On October 23, 2026, Markets Insider reported CIBC's target increase to USD 207.

Which dates come next?

The dividend record date is November 5, 2026, and the USD 0.385 payment is scheduled for November 19, 2026, according to Waste Connections. The next full-year 2026 earnings date is February 17, 2027, according to Barron's.

Valuation remains the market question

Waste Connections had a market value of USD 46.5 billion and a 52-week range of USD 146.89 to USD 187.27 on October 23, 2026. Its third-quarter adjusted EBITDA margin of 34.00 percent gives the target increase a clear operating reference, while the company continues to balance acquisitions, debt costs and shareholder returns.

Stock context for investors

The combination of higher full-year estimates, stronger landfill volumes and a larger dividend gives the latest analyst action a concrete earnings base. The main test is whether volume improvement and pricing can offset fuel and financing pressures through the fourth quarter.

Waste Connections stock remains tied to the operating progress shown in the third-quarter figures and to the February 17, 2027 reporting date. The further course of trading is shown by the continuously updated real-time quote of Waste Connections stock.