The modeled fair value estimate for Simon Property Group has been revised upward from $214.55 to $219.26, reflecting updated analyst price targets and modest adjustments to key assumptions. Revenue growth assumption was increased from 2.37% to 2.66%, net profit margin from 34.48% to 34.57%, and the future P/E multiple from 34.67x to 35.05x, while the discount rate remained at 7.83%. Several firms including BofA, JPMorgan, Truist, Citi, and UBS raised their price targets, while Barclays, Morgan Stanley, and Evercore ISI also lifted targets but maintained neutral stances. Scotiabank twice increased its target as part of broader retail REIT reviews. However, Wolfe Research downgraded the stock to Peer Perform from Outperform, citing a challenging entry point at all-time highs and valuation that has largely caught up with the business model.
Simon Property Group IncMultiple analyst price target increases and upward revision of fair value estimate.
Truist Financial Corp