Boston Properties Inc (BXP) Stock Price Prediction: 2025, 2026, 2030

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Boston Properties Inc. (BXP) is a real estate investment trust that specializes in commercial properties with a focus on offices in Boston, New York City, San Francisco, Los Angeles, Seattle, and Washington, D.C. The REIT operates in the country’s highest-demand cities, but office space occupancy is under pressure due to remote and hybrid work.

In this article, we’ll look at Wall Street sentiment, multiyear price forecasts, and the key factors that are playing a critical role in Boston Properties’s path going forward.

Current Stock Overview

Market Cap: $12.39 billion

Trailing P/E Ratio: 3,780

Forward P/E Ratio: 31.25

1-Year Return: -13%

2025 YTD: -6%

BXP has a consensus Hold rating from 26 analysts, according to Benzinga. The average price target is $76.75 per share. The highest price target is $90, and the lowest is $65. The three most recent ratings suggest a near-term average target of $80. 

Quick Snapshot Table of Predictions & Methodology for Forecasting

Bull & Bear Case

Boston Properties operates in the nation’s biggest markets, which results in premium pricing. However, demand for office space has been waning due to remote and hybrid work.

Bull Case

• Boston Properties focuses on high-demand commercial markets that attract some of the country’s top companies and talent, which can minimize vacancies.
• Management has reported strong leasing momentum, which may indicate that the worst of the commercial real estate downturn may be over and suggest a potential rally.
• Boston Properties has a diversified range of top tenants including Salesforce, Biogen, Google, Akamai Technologies, and Microsoft, with no client making up more than 2.5% of total revenue.

Bear Case

• Continued trends of remote and hybrid work, plus artificial intelligence replacing jobs, can increase vacancies and slow down growth, based on a multi-year streak of low single-digit revenue growth rates. 
• BXP carries $16.6 billion in debt, which is more than its entire market cap and results in high interest payments, minimizing cash flow.
• Some of that debt is due soon, and refinancing those obligations can get more expensive if credit markets tighten or interest rates go up down the road.

Stock Price Prediction for 2025

CoinCodex projects BXP stock losing value this year. High debt and increased vacancies in office properties can make investors wary about the stock. Low revenue growth and declining profit margins can also hurt shares.

Stock Price Prediction for 2026

CoinCodex projects BXP stock losing significant value in 2026. Refinancing under unfavorable terms and a continued downturn for commercial real estate may be influencing the bearish forecast. If AI replaces more workers, commercial real estate may become less necessary, even in high-demand cities.

Stock Price Prediction for 2030

CoinCodex projects further downside for BXP stock in 2030. The continued trend of remote and hybrid work, combined with potentially unfavorable refinancing terms, may be among the key factors for this prediction.

Investment Considerations

Boston Properties operates in some of the most high-demand cities in the U.S., but the REIT is still vulnerable to the ups and downs of the commercial real estate market. 

Vacancies have been accelerating, but the company has told investors that its leasing momentum remains strong. The continued trends of remote and hybrid work can hurt its business model over the long term, especially if AI replaces more workers.