Equity Residential (EQR) Stock Forecast & Price Target

$70.77

+1.25 (+1.80%)

(As of 07/26/2024 ET)

Equity Residential - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 17 Analyst Ratings

Based on 17 Wall Street analysts who have issued ratings for Equity Residential in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 10 have given a hold rating, and 7 have given a buy rating for EQR.

Consensus Price Target

$69.53
-1.75% Downside

High Forecast	$82.00
Average Forecast	$69.53
Low Forecast	$59.50

According to the 17 analysts' twelve-month price targets for Equity Residential, the average price target is $69.53. The highest price target for EQR is $82.00, while the lowest price target for EQR is $59.50. The average price target represents a forecasted downside of -1.75% from the current price of $70.77.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	10 Hold rating(s)	11 Hold rating(s)	9 Hold rating(s)	11 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$69.53	$68.47	$66.04	$70.06
Forecasted Upside	-1.75% Downside	7.72% Upside	8.57% Upside	8.70% Upside

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EQR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EQR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Equity Residential Stock vs. The Competition

Type	Equity Residential	Finance Companies	S&P 500
Consensus Rating Score	2.41	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-1.75% Downside	35.47% Upside	9.16% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/18/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$75.00 ➝ $82.00	+16.08%
6/28/2024	Piper Sandler 2 of 5 stars		Upgrade	Neutral ➝ Overweight	$70.00 ➝ $80.00	+17.13%
6/24/2024	Truist Financial 1 of 5 stars		Boost Target	Buy ➝ Buy	$67.00 ➝ $73.00	+6.87%
6/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$66.00 ➝ $68.00	+2.86%
5/31/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$66.00 ➝ $69.00	+7.36%
5/30/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$61.00 ➝ $64.00	+0.99%
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5/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$68.00 ➝ $70.00	+4.74%
5/14/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$65.00 ➝ $72.00	+7.74%
5/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Sakwa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ In-Line	$70.00	+4.79%
4/29/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$68.00	+4.02%
4/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$68.00 ➝ $70.00	+13.75%
3/18/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
2/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$70.00	+14.32%
2/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$69.00 ➝ $67.00	+11.61%
2/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$65.00 ➝ $66.00	+10.89%
1/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$64.00	+7.58%
11/17/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$60.00 ➝ $59.50	+7.83%
6/9/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
2/15/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$68.00 ➝ $70.00	+6.17%
1/11/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
1/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$58.00	-2.29%
11/17/2022	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$72.00	+16.98%
10/19/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$72.00 ➝ $64.00	-1.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:43 PM ET.

EQR Forecast - Frequently Asked Questions

What is Equity Residential's forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Equity Residential is $69.53, with a high forecast of $82.00 and a low forecast of $59.50.
Should I buy or sell Equity Residential stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equity Residential in the last year. There are currently 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EQR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EQR, but not buy additional shares or sell existing shares.
Does Equity Residential's stock price have much upside?: According to analysts, Equity Residential's stock has a predicted upside of 8.66% based on their 12-month stock forecasts.
Has Equity Residential been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Equity Residential's stock had 1 upgrade and 1 downgrade by analysts.
What analysts cover Equity Residential?: Equity Residential has been rated by research analysts at Evercore ISI, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Equity Residential more than its competitors?: Analysts like Equity Residential less than other "finance" companies. The consensus rating score for Equity Residential is 2.41 while the average consensus rating score for "finance" companies is 2.44. Learn more on how EQR compares to other companies.