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Empire State Realty Trust (ESRT) Stock Forecast & Price Target

$9.28
+0.04 (+0.43%)
(As of 06/18/2024 ET)

Empire State Realty Trust - 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

Consensus Price Target

$8.33
-10.25% Downside
High Forecast$9.00
Average Forecast$8.33
Low Forecast$7.00
TypeCurrent Forecast
6/19/23 to 6/18/24
1 Month Ago
5/20/23 to 5/19/24
3 Months Ago
3/21/23 to 3/20/24
1 Year Ago
6/19/22 to 6/19/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
3 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$8.33$8.33$8.33$7.95
Forecasted Upside-10.25% Downside-3.88% Downside-3.88% Downside11.88% Upside
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ESRT 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.
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ESRT 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.
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Empire State Realty Trust Stock vs. The Competition

TypeEmpire State Realty TrustFinance CompaniesS&P 500
Consensus Rating Score
1.67
2.43
2.50
Consensus RatingReduceHoldHold
Predicted Upside-10.20% Downside62.73% Upside11.25% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/27/2023Evercore ISI
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 DowngradeOutperform ➝ In-Line$9.00+4.90%
8/30/2023Wells Fargo & Company
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 Boost TargetUnderweight ➝ Underweight$6.00 ➝ $7.00-19.91%
8/8/2023Citigroup
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 Boost TargetNeutral ➝ Neutral$7.25 ➝ $9.00+3.57%
3/3/2023BMO Capital Markets
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 UpgradeMarket Perform ➝ Outperform$9.00+17.96%
3/1/2023Bank of America
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 UpgradeNeutral ➝ Buy$9.25+26.89%
8/1/2022Wolfe Research
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Andrew Rosivach
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DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:58 PM ET.

ESRT Forecast - Frequently Asked Questions

What is Empire State Realty Trust's stock forecast and purchase recommendation?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Empire State Realty Trust is $8.33, with a high forecast of $9.00 and a low forecast of $7.00. The consensus rating for Empire State Realty Trust stock is Reduce based on the current 1 sell rating and 2 hold ratings for ESRT. Learn more on ESRT's analyst rating history.

Do Wall Street analysts like Empire State Realty Trust more than its competitors?

Analysts like Empire State Realty Trust less than other "finance" companies. The consensus rating for Empire State Realty Trust is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how ESRT compares to other companies.

Does Empire State Realty Trust's stock price have much downside?

According to analysts, Empire State Realty Trust's stock has a predicted downside of -3.88% based on their 12-month stock forecasts.


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This page (NYSE:ESRT) was last updated on 6/18/2024 by MarketBeat.com Staff

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