Veris Residential Inc has a consensus price target of $17.67 based on the ratings of 6 analysts. The high is $22 issued by BTIG on December 13, 2022. The low is $14 issued by JP Morgan on September 16, 2024. The 3 most-recent analyst ratings were released by JP Morgan, Evercore ISI Group, and Truist Securities on September 16, 2024, August 28, 2024, and June 24, 2024, respectively. With an average price target of $15.67 between JP Morgan, Evercore ISI Group, and Truist Securities, there's an implied -11.79% downside for Veris Residential Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Veris Residential (NYSE:VRE) was reported by JP Morgan on September 16, 2024. The analyst firm set a price target for $14.00 expecting VRE to fall to within 12 months (a possible -21.17% downside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Veris Residential (NYSE:VRE) was provided by JP Morgan, and Veris Residential maintained their underweight rating.
The last upgrade for Veris Residential Inc happened on July 27, 2023 when Evercore ISI Group raised their price target to $19. Evercore ISI Group previously had an in-line for Veris Residential Inc.
There is no last downgrade for Veris Residential.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Veris Residential, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Veris Residential was filed on September 16, 2024 so you should expect the next rating to be made available sometime around September 16, 2025.
While ratings are subjective and will change, the latest Veris Residential (VRE) rating was a maintained with a price target of $13.00 to $14.00. The current price Veris Residential (VRE) is trading at is $17.76, which is out of the analyst’s predicted range.
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