Simon Property Group, Inc. (SPG)

Simon Property Group Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for SPG stock have an average target of 147, with a low estimate of 121 and a high estimate of 172. The average target predicts a decrease of -4.20% from the current stock price of 153.45.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$121	$147	$150	$172
Change	-21.15%	-4.20%	-2.25%	+12.09%

* Price targets were last updated on Jun 11, 2024.

Analyst Ratings

The average analyst rating for SPG stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	2	2	2	2	3	3
Buy	2	2	2	2	2	1
Hold	7	6	6	7	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	10	10	11	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jacob Kilstein Argus Research	Argus Research	Strong Buy Maintains $157 → $168	Strong Buy	Maintains	$157 → $168	+9.48%	Jun 11, 2024
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $142 → $152	Hold	Maintains	$142 → $152	-0.94%	May 16, 2024
Ki Bin Kim Truist Securities	Truist Securities	Hold Maintains $139 → $147	Hold	Maintains	$139 → $147	-4.20%	Mar 25, 2024
Ki Bin Kim Truist Securities	Truist Securities	Hold Maintains $139 → $147	Hold	Maintains	$139 → $147	-4.20%	Mar 22, 2024
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $142 → $150	Hold	Maintains	$142 → $150	-2.25%	Feb 28, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

5.38B

Decreased by -4.93%

from 5.66B

Revenue Next Year

5.55B

Increased by 3.07%

from 5.38B

EPS This Year

6.88

Decreased by -1.41%

from 6.98

EPS Next Year

6.52

Decreased by -5.19%

from 6.88

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	5.76B	4.61B	5.12B	5.29B	5.66B	5.38B	5.55B	5.77B	6.02B	6.22B
Revenue Growth	1.95%	-19.94%	11.05%	3.41%	6.94%	-4.93%	3.07%	4.08%	4.23%	3.46%
EPS	6.81	3.59	6.84	6.52	6.98	6.88	6.52	5.82	6.34	6.51
EPS Growth	-13.47%	-47.28%	90.53%	-4.68%	7.06%	-1.41%	-5.19%	-10.84%	8.94%	2.71%
Forward PE	-	-	-	-	-	22.30	23.52	26.38	24.21	23.57
No. Analysts	-	-	-	-	-	10	10	5	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	5.6B	5.8B	6.0B	6.3B	6.5B
Avg	5.4B	5.5B	5.8B	6.0B	6.2B
Low	5.1B	5.2B	5.6B	5.8B	6.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-0.5%	8.5%	8.9%	8.4%	7.5%
Avg	-4.9%	3.1%	4.1%	4.2%	3.5%
Low	-9.5%	-2.8%	0.5%	1.1%	0.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	7.85	8.26	6.05	7.02	7.19
Avg	6.88	6.52	5.82	6.34	6.51
Low	5.41	5.43	5.64	5.74	5.92

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	12.5%	20.1%	-7.3%	20.7%	13.5%
Avg	-1.4%	-5.2%	-10.8%	8.9%	2.7%
Low	-22.5%	-21.1%	-13.5%	-1.3%	-6.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.