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 February 28, 2026, Terreno Realty Corporation (TRNO) has a Wall Street consensus price target of $69.60, based on estimates from 32 covering analysts. With the stock currently trading at $66.06, this represents a potential upside of +5.4%. The company has a market capitalization of $6.85B.
Analyst price targets range from a low of $60.00 to a high of $79.00, representing a 27% spread in expectations. The median target of $70.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 21 analysts rating the stock as a Buy or Strong Buy,10 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, TRNO trades at a trailing P/E of 16.9x and forward P/E of 48.7x. The forward PEG ratio of 1.37 indicates reasonable valuation for growth. Analysts expect EPS to grow -65.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $46.99, with bear and bull scenarios of $30.20 and $95.94 respectively. Model confidence stands at 64/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus price target for TRNO is $69.6, close to the current price of $66.06 (5.4% implied move). Based on 32 analyst estimates, the stock appears fairly valued near current levels.
TRNO has a consensus rating of "Buy" based on 32 Wall Street analysts. The rating breakdown is predominantly bullish, with 21 Buy/Strong Buy ratings. The consensus 12-month price target of $69.6 implies 5.4% upside from current levels.
At a forward P/E of 48.6953x, TRNO trades at a premium valuation. The consensus price target of $69.6 (5.4% upside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $79 for TRNO, while the most conservative target is $60. The consensus of $69.6 represents the median expectation. Our quantitative valuation model projects a bull case target of $96 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
TRNO is heavily covered by Wall Street, with 32 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 21 have Buy ratings, 10 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 TRNO stock forecast based on 32 Wall Street analysts shows a consensus price target of $69.6, with estimates ranging from $60 (bear case) to $79 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $47, with bear/bull scenarios of $30/$96.
Our quantitative valuation model calculates TRNO's fair value at $47 (base case), with a bear case of $30 and bull case of $96. 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 64/100.
TRNO trades at a forward P/E ratio of 48.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 16.9x. 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.
TRNO appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $69.6 target. Consider your investment thesis and risk tolerance. 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.
TRNO analyst price targets range from $60 to $79, a 27% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $69.6 consensus represents the middle ground. Our model's $30-$96 range provides an independent fundamental perspective.