Simon Property Group (SPG) Stock Forecast & Price Target

$161.04

+1.64 (+1.03%)

(As of 08/21/2024 ET)

Simon Property Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Simon Property Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 6 have given a hold rating, and 4 have given a buy rating for SPG.

Consensus Price Target

$153.95
-4.40% Downside

High Forecast	$172.00
Average Forecast	$153.95
Low Forecast	$124.00

According to the 10 analysts' twelve-month price targets for Simon Property Group, the average price target is $153.95. The highest price target for SPG is $172.00, while the lowest price target for SPG is $124.00. The average price target represents a forecasted downside of -4.40% from the current price of $161.04.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$153.95	$149.89	$141.40	$129.30
Forecasted Upside	-4.40% Downside	6.44% Upside	4.61% Upside	14.73% Upside

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SPG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SPG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Simon Property Group Stock vs. The Competition

Type	Simon Property Group	Finance Companies	S&P 500
Consensus Rating Score	2.40	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-4.40% Downside	38.53% Upside	8.74% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/19/2024	Mizuho 2 of 5 stars	Boost Target	Neutral ➝ Neutral	$155.00 ➝ $158.00	-0.85%
8/6/2024	Stifel Nicolaus 4 of 5 stars	Boost Target	Buy ➝ Buy	$152.00 ➝ $157.50	+6.38%
8/6/2024	Evercore ISI 2 of 5 stars	Boost Target	In-Line ➝ In-Line	$150.00 ➝ $155.00	+4.69%
6/11/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$157.00 ➝ $168.00	+10.50%
5/16/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$142.00 ➝ $152.00	+1.35%
3/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$139.00 ➝ $147.00	-3.20%
Get the Latest News and Ratings for SPG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Simon Property Group and its competitors with MarketBeat's FREE daily newsletter.
2/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$143.00 ➝ $145.00	-3.90%
12/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$144.00 ➝ $161.00	+11.25%
12/20/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$148.00 ➝ $172.00	+17.65%
8/29/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$125.00 ➝ $124.00	+11.04%
7/5/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$127.00	+7.44%
1/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$115.00 ➝ $130.00	+10.66%
12/14/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$100.00 ➝ $120.00	-0.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:09 AM ET.

SPG Forecast - Frequently Asked Questions

What is Simon Property Group's forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Simon Property Group is $153.95, with a high forecast of $172.00 and a low forecast of $124.00.
Should I buy or sell Simon Property Group stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPG, but not buy additional shares or sell existing shares.
Does Simon Property Group's stock price have much upside?: According to analysts, Simon Property Group's stock has a predicted upside of 5.24% based on their 12-month stock forecasts.
What analysts cover Simon Property Group?: Simon Property Group has been rated by research analysts at Argus, Evercore ISI, Mizuho, and Stifel Nicolaus in the past 90 days.
Do Wall Street analysts like Simon Property Group more than its competitors?: Analysts like Simon Property Group less than other "finance" companies. The consensus rating score for Simon Property Group is 2.40 while the average consensus rating score for "finance" companies is 2.46. Learn more on how SPG compares to other companies.