Simon Property Group, Inc. (SPG) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$201.41
Price Target
$197.00
Target Range
$181.00 — $230.00
Analyst Rating
Hold
Forward P/E30.3x
Trailing P/E14.2x
Forward PEG0.96
Implied Growth-53.0%
Median Target$192.00
Analyst Spread24.9%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$181
-10.1%
Consensus
$197
-2.2%
Bull Case
$230
+14.2%
Valuation Model TargetsConfidence: 56/100
Bear$103
Base$148
Bull$173
SPG Price Target Analysis
Updated May 8, 2026As of May 8, 2026, Simon Property Group, Inc. (SPG) has a Wall Street consensus price target of $197.00, based on estimates from 37 covering analysts. With the stock currently trading at $201.41, this represents a potential downside of -2.2%. The company has a market capitalization of $65.50B.
Analyst price targets range from a low of $181.00 to a high of $230.00, representing a 25% spread in expectations. The median target of $192.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 16 analysts rating the stock as a Buy or Strong Buy,19 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, SPG trades at a trailing P/E of 14.2x and forward P/E of 30.3x. The forward PEG ratio of 0.96 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -53.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $148.36, with bear and bull scenarios of $102.51 and $172.63 respectively. Model confidence stands at 56/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Real Estate stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+14.9%
Avg Forward P/E35.9x
Peers with Coverage8 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MACThe Macerich Company | $5.6B | $21.37 | $21.40 | +0.1% | Hold | — | 34 |
 CBLCBL & Associates Properties, Inc. | $1.4B | $43.92 | — | — | Hold | 47.7x | 22 |
 ORealty Income Corporation | $57.6B | $61.79 | $65.25 | +5.6% | Hold | 37.1x | 34 |
 REGRegency Centers Corporation | $14.3B | $77.86 | $80.14 | +2.9% | Buy | 32.1x | 32 |
 KIMKimco Realty Corporation | $15.9B | $23.53 | $24.25 | +3.1% | Hold | 30.5x | 36 |
 BRXBrixmor Property Group Inc. | $9.2B | $30.09 | $31.00 | +3.0% | Buy | 29.7x | 30 |
 SITCSITE Centers Corp. | $293M | $5.58 | $8.00 | +43.4% | Hold | — | 31 |
 NKENIKE, Inc. | $52.9B | $44.41 | $69.88 | +57.4% | Buy | 29.8x | 71 |
 LLoews Corporation | $21.5B | $104.41 | — | — | Buy | — | 4 |
 SBUXStarbucks Corporation | $118.8B | $104.26 | $108.38 | +4.0% | Hold | 44.0x | 59 |
Upside Potential Comparison
NKESITCOSBUXKIMBRXREGMACFull SPG Stock Analysis
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Start ComparisonSPG — Frequently Asked Questions
Quick answers to the most common questions about buying SPG stock.
What is the SPG stock price target for 2026?
Wall Street's consensus price target for SPG is $197, -2.2% from its current price of $201.41. The below-market target from 37 analysts suggests limited near-term appreciation.
Is SPG a buy, sell, or hold?
SPG has a consensus rating of "Hold" based on 37 Wall Street analysts. The rating breakdown is mixed, with 19 Hold ratings making up the largest segment. The consensus 12-month price target of $197 implies -2.2% downside from current levels.
Is SPG stock overvalued or undervalued?
SPG trades at a forward P/E of 30.2877x, representing a moderate valuation. With analysts targeting $197 (-2.2% implied move), the stock appears close to fair value.
How high can SPG stock go?
The most bullish Wall Street analyst has a price target of $230 for SPG, while the most conservative target is $181. The consensus of $197 represents the median expectation. Our quantitative valuation model projects a bull case target of $173 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover SPG stock?
SPG is heavily covered by Wall Street, with 37 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 16 have Buy ratings, 19 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the SPG stock forecast?
The 12-month SPG stock forecast based on 37 Wall Street analysts shows a consensus price target of $197, with estimates ranging from $181 (bear case) to $230 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $148, with bear/bull scenarios of $103/$173.
What is SPG's fair value based on fundamentals?
Our quantitative valuation model calculates SPG's fair value at $148 (base case), with a bear case of $103 and bull case of $173. 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 56/100.
What is SPG's forward P/E ratio?
SPG trades at a forward P/E ratio of 30.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.2x. 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.
Should I buy SPG stock?
Analysts are cautious on SPG, with 2 Sell ratings and a price target of $197 (-2.2% 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.
Why do SPG price targets vary so much?
SPG analyst price targets range from $181 to $230, a 25% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $197 consensus represents the middle ground. Our model's $103-$173 range provides an independent fundamental perspective.