Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, NNN REIT, Inc. (NNN) has a Wall Street consensus price target of $44.93, based on estimates from 29 covering analysts. With the stock currently trading at $45.32, this represents a potential downside of -0.9%. The company has a market capitalization of $8.61B.
Analyst price targets range from a low of $43.00 to a high of $48.50, representing a 12% spread in expectations. The median target of $44.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 11 analysts rating the stock as a Buy or Strong Buy,14 rating it Hold, and 4 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, NNN trades at a trailing P/E of 21.9x and forward P/E of 22.2x. The forward PEG ratio of 1.99 indicates reasonable valuation for growth. Analysts expect EPS to grow -0.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $49.89, with bear and bull scenarios of $38.77 and $60.66 respectively. Model confidence stands at 66/100, reflecting moderate uncertainty in projections.
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Start ComparisonWall Street's consensus price target for NNN is $44.93, -0.9% from its current price of $45.32. The below-market target from 29 analysts suggests limited near-term appreciation.
NNN has a consensus rating of "Hold" based on 29 Wall Street analysts. The rating breakdown is mixed, with 14 Hold ratings making up the largest segment. The consensus 12-month price target of $44.93 implies -0.9% downside from current levels.
NNN trades at a forward P/E of 22.1646x, representing a moderate valuation. With analysts targeting $44.93 (-0.9% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $48.5 for NNN, while the most conservative target is $43. The consensus of $44.93 represents the median expectation. Our quantitative valuation model projects a bull case target of $61 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
NNN is heavily covered by Wall Street, with 29 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 14 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month NNN stock forecast based on 29 Wall Street analysts shows a consensus price target of $44.93, with estimates ranging from $43 (bear case) to $48.5 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $50, with bear/bull scenarios of $39/$61.
Our quantitative valuation model calculates NNN's fair value at $50 (base case), with a bear case of $39 and bull case of $61. 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 66/100.
NNN trades at a forward P/E ratio of 22.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.9x. 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.
Analysts are cautious on NNN, with 4 Sell ratings and a price target of $44.93 (-0.9% from current price). The "Hold" consensus suggests careful evaluation before buying. 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.
NNN analyst price targets range from $43 to $48.5, a 12% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $44.93 consensus represents the middle ground. Our model's $39-$61 range provides an independent fundamental perspective.