Technical Analysis Based on the Fibonacci levels, BXP is currently trading near the S1 support level of $69.62. The RSI(14) at 48.68 indicates neutral momentum, slightly leaning towards oversold territory. The negative MACD (-0.62) suggests bearish momentum in the short term.
News Impact Recent news indicates significant challenges in the office real estate market. While there's a trend toward office-to-apartment conversions, this transformation process is costly and complex. However, analyst sentiment remains cautiously optimistic, with Evercore ISI maintaining a Buy rating and a price target of $86.00, while Piper Sandler has set a more bullish target of $105.00.
Price Prediction for Next Week Based on technical indicators and news sentiment:
Expected price range: $68.50 - $74.00
Recommendation: HOLD The stock is likely to remain range-bound between S1 and R1 levels next week. Current technical indicators suggest weakness, but strong analyst backing provides a floor. Not recommended for new positions until clearer directional momentum emerges.
Target entry points:
The price of BXP is predicted to go up -15.89%, based on the high correlation periods with BEKE. The similarity of these two price pattern on the periods is 90%.
BXP
BEKE
Boston Properties owns premier properties in supply-constrained cities that have favorable regional dynamics and strong growth prospects. Additionally, the life sciences portfolio of the company should benefit from the strong demand in the burgeoning sector.
The company's high-quality office buildings with good amenities should benefit from the flight to quality trend.
Boston Properties' balance sheet strength, access to low-cost capital, and development expertise allow it to pursue lucrative large-scale development projects that generate value for shareholders.
Piper Sandler
2025-01-30
Price Target
$105 → $100
Upside
+38.18%
Mizuho
2025-01-07
Price Target
$92 → $86
Upside
+22.11%
Wedbush
2025-01-02
Price Target
$81 → $70
Downside
-4.94%