42.1% Below Target

The consensus Wall Street price target for IIPR is $84.67, representing 42.1% upside from the current price of $59.6. With 11 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

IIPR has a consensus rating of "Hold" based on 11 Wall Street analysts. The rating breakdown is mixed, with 6 Hold ratings making up the largest segment. The consensus 12-month price target of $84.67 implies 42.1% upside from current levels.

With a forward P/E of 13.9252x, IIPR trades at a relatively low valuation. The consensus target of $84.67 implies 42.1% appreciation, suggesting meaningful undervaluation.

The most bullish Wall Street analyst has a price target of $150 for IIPR, while the most conservative target is $44. The consensus of $84.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $118 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

IIPR is moderately covered, with 11 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 6 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month IIPR stock forecast based on 11 Wall Street analysts shows a consensus price target of $84.67, with estimates ranging from $44 (bear case) to $150 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $89, with bear/bull scenarios of $56/$118.

Our quantitative valuation model calculates IIPR's fair value at $89 (base case), with a bear case of $56 and bull case of $118. 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 53/100.

IIPR trades at a forward P/E ratio of 13.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are very optimistic on IIPR, with a "Hold" consensus rating and $84.67 price target (42.1% upside). 4 of 11 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.

IIPR analyst price targets range from $44 to $150, a 125% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $84.67 consensus represents the middle ground. Our model's $56-$118 range provides an independent fundamental perspective.