Vornado Realty Trust (VNO) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 29 analysts1.7% Above Target
VNO trades 1.7% above Wall Street's consensus target of $37.17.
Current Price$37.81
Average Target$37.17
Target
Current
Low$33.00
Median$37.00
High$43.00
Analyst Target Range
Forward P/E3601.0x
(High Premium)
PEG Ratio—
Implied Growth-99.7%
(Declining)
Analyst Spread26.9%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes VNO achieves its forward estimates and maintains a stable P/E multiple of 3601.0x. This scenario reflects the blended consensus of 29 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
VNO Price Target Analysis
Updated June 22, 2026As of June 22, 2026, Vornado Realty Trust (VNO) has a Wall Street consensus price target of $37.17, based on estimates from 29 covering analysts. With the stock currently trading at $37.81, this represents a potential downside of -1.7%. The company has a market capitalization of $7.11B.
Analyst price targets range from a low of $33.00 to a high of $43.00, representing a 27% spread in expectations. The median target of $37.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 9 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, VNO trades at a trailing P/E of 9.0x and forward P/E of 3601.0x. Analysts expect EPS to grow -99.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $137.30, with bear and bull scenarios of $86.50 and $180.91 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
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
+2.1%
Industry Consensus
Avg Forward P/E
71.0x
(High Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SLGSL Green Realty Corp. | $3.7B | $50.56 | $48.91 | -3.3% | Hold | — | 31 |
 BXPBXP, Inc. | $10.3B | $64.70 | $65.50 | +1.2% | Buy | 32.3x | 42 |
 KRCKilroy Realty Corporation | $4.4B | $36.81 | $37.38 | +1.5% | Hold | 136.4x | 28 |
 HIWHighwoods Properties, Inc. | $3.2B | $29.28 | $27.33 | -6.7% | Hold | 27.3x | 22 |
 PDMPiedmont Office Realty Trust, Inc. | $1.1B | $8.94 | $11.00 | +23.0% | Hold | — | 11 |
 CUZCousins Properties Incorporated | $4.7B | $28.28 | $30.00 | +6.1% | Buy | 170.3x | 16 |
 SPGSimon Property Group, Inc. | $68.6B | $211.33 | $208.22 | -1.5% | Hold | 32.1x | 37 |
 MACThe Macerich Company | $6.1B | $23.61 | $23.50 | -0.5% | Hold | — | 35 |
 AREAlexandria Real Estate Equities, Inc. | $8.8B | $51.03 | $50.13 | -1.8% | Hold | 27.5x | 24 |
 DEIDouglas Emmett, Inc. | $2.0B | $11.71 | $12.00 | +2.5% | Hold | — | 33 |
VNO — Frequently Asked Questions
Quick answers to the most common questions about buying VNO stock.
What is the VNO stock price target for 2026?
Wall Street's consensus price target for VNO is $37.17, -1.7% from its current price of $37.81. The below-market target from 29 analysts suggests limited near-term appreciation.
Is VNO a buy, sell, or hold?
VNO has a consensus rating of "Hold" based on 29 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $37.17 implies -1.7% downside from current levels.
Is VNO stock overvalued or undervalued?
At a forward P/E of 3600.9524x, VNO trades at a premium valuation. The consensus price target of $37.17 (-1.7% downside) suggests analysts may view current valuations as stretched.
How high can VNO stock go?
The most bullish Wall Street analyst has a price target of $43 for VNO, while the most conservative target is $33. The consensus of $37.17 represents the median expectation. Our quantitative valuation model projects a bull case target of $181 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover VNO stock?
VNO is heavily covered by Wall Street, with 29 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 9 have Buy ratings, 17 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the VNO stock forecast?
The 12-month VNO stock forecast based on 29 Wall Street analysts shows a consensus price target of $37.17, with estimates ranging from $33 (bear case) to $43 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $137, with bear/bull scenarios of $87/$181.
What is VNO's fair value based on fundamentals?
Our quantitative valuation model calculates VNO's fair value at $137 (base case), with a bear case of $87 and bull case of $181. 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 48/100.
What is VNO's forward P/E ratio?
VNO trades at a forward P/E ratio of 3601.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 9.0x. 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.
Should I buy VNO stock?
Analysts are cautious on VNO, with 3 Sell ratings and a price target of $37.17 (-1.7% 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 VNO price targets vary so much?
VNO analyst price targets range from $33 to $43, 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 $37.17 consensus represents the middle ground. Our model's $87-$181 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare