10.5% Below Target

Equity Residential (EQR) has a consensus 12-month price target of $70.82, implying 10.5% upside from $64.09. The 46 analysts covering EQR see moderate appreciation potential.

EQR has a consensus rating of "Hold" based on 46 Wall Street analysts. The rating breakdown is mixed, with 31 Hold ratings making up the largest segment. The consensus 12-month price target of $70.82 implies 10.5% upside from current levels.

At a forward P/E of 43.445x, EQR trades at a premium valuation. The consensus price target of $70.82 (10.5% upside) suggests analysts still see growth justifying the multiple.

The most bullish Wall Street analyst has a price target of $79 for EQR, while the most conservative target is $63. The consensus of $70.82 represents the median expectation. Our quantitative valuation model projects a bull case target of $95 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

EQR is heavily covered by Wall Street, with 46 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 13 have Buy ratings, 31 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month EQR stock forecast based on 46 Wall Street analysts shows a consensus price target of $70.82, with estimates ranging from $63 (bear case) to $79 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $72, with bear/bull scenarios of $45/$95.

Our quantitative valuation model calculates EQR's fair value at $72 (base case), with a bear case of $45 and bull case of $95. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.

EQR trades at a forward P/E ratio of 43.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are optimistic on EQR, with a "Hold" consensus rating and $70.82 price target (10.5% upside). 13 of 46 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

EQR analyst price targets range from $63 to $79, a 23% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $70.82 consensus represents the middle ground. Our model's $45-$95 range provides an independent fundamental perspective.