6 Analysts Assess Simon Property Group: What You Need To Know
Portfolio Pulse from Benzinga Insights
Simon Property Group (NYSE:SPG) has been analyzed by 6 analysts, showing a mix of ratings from bullish to indifferent. The average 12-month price target is $145.5, up 6.99% from the previous $136.00. Analysts from firms like Truist Securities, Goldman Sachs, Morgan Stanley, Piper Sandler, and Stifel have adjusted their ratings and price targets, reflecting their views on the company's market position and financial performance. Simon Property Group has a strong market cap, revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio.
January 16, 2024 | 9:00 pm
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POSITIVE IMPACT
Simon Property Group's stock may see short-term impact from the mixed analyst ratings and updated price targets. The average target has increased, indicating a positive sentiment among analysts.
The increase in the average price target and the positive financial indicators such as revenue growth, net margin, ROE, and ROA are likely to be viewed favorably by investors. However, the high debt-to-equity ratio could temper some of the optimism. The recent updates from analysts, including price target raises by firms like Goldman Sachs and Piper Sandler, suggest a positive short-term impact on SPG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100