Simon Property Group (SPG) Stock Forecast & Price Target

$180.91 -0.30 (-0.17%)

(As of 11/20/2024 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 9 Analyst Ratings

Sell
0

Hold
6

Buy
3

Based on 9 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 9 analysts, 6 have given a hold rating, and 3 have given a buy rating for SPG.

Consensus Price Target

$162.78
-10.02% Downside

According to the 9 analysts' twelve-month price targets for Simon Property Group, the average price target is $162.78. The highest price target for SPG is $175.00, while the lowest price target for SPG is $145.00. The average price target represents a forecasted downside of -10.02% from the current price of $180.91.

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SPG Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$162.78	$162.78	$153.95	$128.90
Forecasted Upside	-10.02% Downside	-6.90% Downside	-7.54% Downside	6.44% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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	2.33	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-10.02% Downside	12.91% Upside	9.82% Upside
News Sentiment Rating	Very Positive News See Recent SPG 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	Evercore ISI 2 of 5 stars	S. Sakwa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$160.00 ➝ $172.00	+4.87%
9/12/2024	Stifel Nicolaus 4 of 5 stars		Reiterated Rating	Buy ➝ Hold	$157.50 ➝ $159.00	-2.64%
9/3/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Overweight ➝ Neutral	$190.00 ➝ $175.00	+4.57%
8/28/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$147.00 ➝ $158.00	-4.92%
8/26/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$152.00 ➝ $169.00	+0.84%
8/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$155.00 ➝ $158.00	-0.85%
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.
6/11/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$157.00 ➝ $168.00	+10.50%
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%
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 03:39 AM ET.

Should I Buy Simon Property Group Stock? SPG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 6, 2024. Please send any questions or comments about these Simon Property Group pros and cons to contact@marketbeat.com.

Simon Property Group
Bull Case

Here are some ways that investors could benefit from investing in Simon Property Group, Inc.:

Simon Property Group, Inc. has shown consistent revenue growth, with a 4.8% increase in revenue on a year-over-year basis.
The company has a strong return on equity of 78.14%, indicating efficient use of shareholder funds to generate profits.
Simon Property Group, Inc. recently increased its quarterly dividend from $2.00 to $2.05, demonstrating a commitment to rewarding shareholders.
Insider buying activity by Director Allan B. Hubbard, who acquired 370 shares at an average price of $167.30, can signal confidence in the company's future prospects.
Despite market fluctuations, Simon Property Group, Inc. has a stable market capitalization of $55.29 billion, providing a solid foundation for long-term investment.

Simon Property Group
Bear Case

Investors should be bearish about investing in Simon Property Group, Inc. for these reasons:

The company's debt-to-equity ratio of 7.53 is relatively high, indicating a significant reliance on debt financing which may pose risks during economic downturns.
Simon Property Group, Inc.'s price-to-earnings ratio of 21.60 and a PEG ratio of 9.19 suggest that the stock may be overvalued compared to its earnings growth potential.
Analysts have mixed ratings on the stock, with some maintaining a "hold" stance, potentially signaling uncertainty in the company's future performance.
Market volatility may impact Simon Property Group, Inc. as evidenced by a beta of 1.74, indicating the stock's sensitivity to market movements.
While insider buying can be positive, the overall insider ownership of 8.50% may raise concerns about the level of insider confidence in the company.

SPG Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Simon Property Group is $162.78, with a high forecast of $175.00 and a low forecast of $145.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 6 hold ratings and 3 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.
: According to analysts, Simon Property Group's stock has a predicted downside of -10.02% based on their 12-month stock forecasts.
: Over the previous 90 days, Simon Property Group's stock had 1 upgrade and 1 downgrade by analysts.
: Simon Property Group has been rated by research analysts at Evercore ISI, Piper Sandler, Scotiabank, Stifel Nicolaus, and Truist Financial in the past 90 days.
: Analysts like Simon Property Group less than other "finance" companies. The consensus rating score for Simon Property Group is 2.33 while the average consensus rating score for "finance" companies is 2.49. Learn more on how SPG compares to other companies.

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This page (NYSE:SPG) was last updated on 11/21/2024 by MarketBeat.com Staff

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Simon Property Group (SPG) Stock Forecast & Price Target