Equity Residential (EQR, Financial) has received an upgrade from Evercore ISI Group, a notable change in the stock's analyst ratings. The research firm has elevated its rating on EQR to "Outperform" from a previous "In-Line" status, signaling a strong positive outlook for the stock.
In conjunction with the upgrade, analyst Steve Sakwa from Evercore ISI Group has raised the price target for Equity Residential (EQR, Financial) from $74.00 to $75.00. This adjustment represents a 1.35% increase in the anticipated stock value.
The price target increase and the rating upgrade highlight a bolstered confidence from Evercore ISI Group in Equity Residential's market potential, providing a positive indicator for investors monitoring EQR's performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Equity Residential (EQR, Financial) is $77.50 with a high estimate of $87.00 and a low estimate of $71.00. The average target implies an upside of 15.88% from the current price of $66.88. More detailed estimate data can be found on the Equity Residential (EQR) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Equity Residential's (EQR, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" 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 Equity Residential (EQR, Financial) in one year is $74.33, suggesting a upside of 11.14% from the current price of $66.88. 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 Equity Residential (EQR) Summary page.
