In a recent update, Morgan Stanley has revised its price target for Hudson Pacific (HPP, Financial), reducing it from $2.25 to $1.75. This adjustment comes as analyst Ronald Kamdem maintains an Underweight rating on the company's shares.
The decision is influenced by insights from AlphaWise, which indicate a substantial deceleration in job openings across the real estate investment trust (REIT) sector. This trend presents a challenge for office demand and could negatively affect valuations within office REITs.
Hudson Pacific, which focuses on office properties and media-focused real estate, could face hurdles in its market performance due to these broader sector dynamics. The revised price target aims to reflect these changing market conditions and their potential impact on the company's financial outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Hudson Pacific Properties Inc (HPP, Financial) is $3.80 with a high estimate of $10.00 and a low estimate of $2.25. The average target implies an upside of 70.40% from the current price of $2.23. More detailed estimate data can be found on the Hudson Pacific Properties Inc (HPP) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Hudson Pacific Properties Inc's (HPP, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hudson Pacific Properties Inc (HPP, Financial) in one year is $5.49, suggesting a upside of 146.19% from the current price of $2.23. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hudson Pacific Properties Inc (HPP) Summary page.
