This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Simon Property (SPG) Gets a Buy from Piper Sandler

Tipranks - Tipranks - Sat May 30, 5:00AM CDT

In a report released yesterday, Alexander Goldfarb from Piper Sandler reiterated a Buy rating on Simon Property, with a price target of $230.00. The company’s shares closed yesterday at $206.77.

Memorial Day Sale – Claim 70% Off TipRanks

According to TipRanks, Goldfarb is a 3-star analyst with an average return of 1.8% and a 48.62% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as BXP, Equity Residential, and Vornado Realty.

Currently, the analyst consensus on Simon Property is a Moderate Buy with an average price target of $214.50, a 3.74% upside from current levels. In a report released on May 18, Goldman Sachs also maintained a Buy rating on the stock with a $229.00 price target.

See the top stocks recommended by analysts >>

Based on Simon Property’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.76 billion and a net profit of $480.4 million. In comparison, last year the company earned a revenue of $1.47 billion and had a net profit of $414.53 million

Read More on SPG:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).