SPG Price Prediction Next Week
Simon Property Group (SPG) Stock Price Prediction and Recommendation
Technical Analysis:
- Current Price: $171.13 (as of 2025-03-07)
- RSI (6-day): 18.10 (Oversold)
- MACD: 0.07 (Weak Buy Signal)
- Fibonacci Pivot: $180.66 (Potential Resistance)
- Support Level: $170.96 (Accumulated Volume Support)
News and Event Impact:
- Collaboration with Shopify and Leap: This partnership is expected to drive growth by assisting ecommerce brands in establishing physical retail locations, potentially increasing SPG's revenue streams.
- Dividend Run Alert: SPG's ex-dividend date is on March 10, 2025, with a dividend of $2.10 per share. Historically, SPG has seen a price increase leading up to the ex-dividend date.
Prediction:
Based on the oversold condition and positive news, SPG is expected to rise to $179.73 next week.
Recommendation:
Buy SPG with a target price of $179.73 and a stop-loss at $170.96.
SPG Similar Chart Price Prediction
The price of SPG is predicted to go up 1.32%, based on the high correlation periods with ARL. The similarity of these two price pattern on the periods is 96.46%.
SPG
ARL
Up: 1.32%Similarity: 96.46%
SPG Revenue Forecast
SPG EPS Forecast
SPG FAQs
What is SPG revenue forecast for next quarter？
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SPG VS S&P500
Simon's access to capital, scale, and validated record position the firm to execute on any attractive and available investment opportunities.
Simon's high-quality portfolio will continue to present attractive locations for tenants to place stores, even as retail companies look to reduce store counts, and present the most desirable locations for e-tailers looking to establish a physical presence.
Simon's mall and outlet portfolio contains a high percentage of the best malls in the country, where redevelopment capital can be deployed at the most promising yields.
SPG Analyst's Forecast
Omotayo Okusanya
Deutsche Bank
Hold
2024-12-17
Price Target
$195
Upside
+8.36%
Deutsche Bank initiated coverage of Simon Property with a Hold rating and $195 price target. The firm has a neutral view on the mall real estate investment trust sector in the near-term. While "healthy" retail fundamentals are a tailwind for the group, Deutsche Bank remains concerned about the potential negative impact of the macro environment on "currently elevated valuation levels," the analyst tells investors in a research note.
Vikram Malhorta
Mizuho
Hold
2024-12-04
Price Target
$158 → $182
Upside
+0.27%
