Evercore ISI Group Cuts CBRE Price Target to $166
Key Points
- Evercore ISI Group reiterated its Outperform rating on CBRE Group, Inc. (CBRE) on October 23, 2026, lowering its price target to $166.00 from $168.00.
- Evercore ISI Group's $166 price target implies 26.49% upside from CBRE Group, Inc.'s ($CBRE) current $131.24 share price.
- Institutional investors saw mixed activity, with Robeco Institutional Asset Management B.V. trimming its position to 2,008,222 shares worth about $257.99 million.
- CBRE Group, Inc. recently traded around $131.24 per share, holding a trailing twelve month earnings per share of $4.67.
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Evercore ISI Group reiterated its Outperform rating on CBRE Group, Inc. (CBRE) on October 23, 2026, while adjusting its price target downward from $168.00 to $166.00.
CBRE
CBRE Group, Inc.
Evercore ISI Group vs. the S&P 500
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Evercore ISI Group's Call on CBRE Group, Inc.
In its research note issued on October 23, 2026, Evercore ISI Group chose to keep an Outperform rating on the real estate services firm. As part of that update, the firm lowered its price target on the stock from $168.00 to $166.00.
Other Institutional Activity in CBRE Group, Inc.
Institutional investors adjusted their holdings in CBRE Group, Inc. around the same time. Robeco Institutional Asset Management B.V. reduced its position by 602,226 shares, ending with 2,008,222 shares valued at about $257.99 million. Principal Financial Group, Inc. added 374,089 shares to finish with 10,244,499 shares worth roughly $1.27 billion, representing a 3.8% increase. Harris Associates L.P. trimmed its holdings by 408,462 shares, bringing its total to 6,013,890 shares valued at about $747.53 million, which marks a 6.4% decrease. True North Advisors bought 11,868 shares to open a new position worth about $1.52 million.
CBRE Group, Inc. Stock Down 2.5%
CBRE Group, Inc. recently traded around $131.24 per share as of October 23, 2026. The stock closed at $124.30 on the day of the analyst update.
$CBRE price target
CBRE Group, Inc. daily closes and this analyst's $166 target. Not advice.
Recent Earnings
CBRE Group, Inc. reported $43.71 billion in trailing twelve month revenue alongside an EPS of $4.67. The company's net profit margin sat at 3.0% with a return on equity of 15.8%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 39.8%. Revenue beat estimates by 1.6%.
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Profit surprise
EBITDA beat by 6 percent. Operating income beat by 4 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises, 1 target cut.
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Earnings quality
Gross margin down 0.9 points. Operating margin up 1.8 points. Positive free cash flow.
Earnings Call Summary
The first quarter beat expectations across the board. Data center leasing revenue more than tripled and infrastructure-related businesses generated $950 million in revenue, up from $3 billion last year. Management says corporate clients are still leasing office and warehouse space at full term lengths, and they see good opportunities ahead even as they watch macro uncertainty and track AI's impact on hiring needs.
Guidance CBRE raised its full-year profit forecast to $7.60 to $7.80 per share, up from $7.30 to $7.60 earlier. The company expects strong growth in data center and infrastructure work, and pipeline momentum remains solid in the second quarter.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at CBRE Group, Inc.
Company insiders executed several transactions prior to the analyst update. Chief Financial Officer Emma E Giamartino sold 2,250 shares on May 15, 2026, at a price of $130.74 for a total value of $294,165. Officer Vikramaditya Kohli sold 2,666 shares on July 29, 2026, at $150.00 per share. Officer Chad J Doellinger sold 228 shares on August 13, 2026, at $148.29. Additionally, Emma E Giamartino executed another sale of 2,250 shares on August 13, 2026, at $148.29.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock across recent months. UBS maintained a Buy rating on July 30, 2026, with a target of $190.00. Barclays kept an Overweight rating on August 17, 2026, moving its target to $183.00. Keefe, Bruyette & Woods maintained an Outperform rating on October 9, 2026, with a $164.00 target. Overall, the company holds a consensus buy rating and a mean price target of $175.75 across 12 analyst opinions.
About CBRE Group, Inc.
CBRE Group, Inc. provides commercial real estate services and investment solutions across global markets. The firm operates through advisory services, building operations, project management, and real estate investment divisions, supporting property owners, investors, and occupiers worldwide.
Bottom Line
Investors will watch upcoming earnings reports and institutional filing updates to gauge commercial real estate market conditions. The stock continues to draw steady analyst attention as market segments evolve.
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Source: Evercore ISI Group's rating change on $CBRE (Oct 23, 2026). Written by software, not financial advice. How we make alerts