Piper Sandler Cuts Simon Property (SPG) Price Target to $254

Piper Sandler reaffirms its Overweight rating on Simon Property Group with a new price target of $254, a 24.15% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:05 PM EDT

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Piper Sandler cut its price target on Simon Property Group, Inc. ($SPG) to $254 from $285 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $SPG is up 2.0% to date (from the $201.41 close on Oct 12, 2026).

SPG Simon Property Group, Inc.

$205.44 +15.42% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Piper Sandler reiterated its Overweight rating on Simon Property Group, Inc. with a price target of $254.00, down from $285.00.
Piper Sandler's $254 price target implies 24.15% upside from Simon Property Group, Inc.'s ($SPG) current $204.59 share price.
Shares of Simon Property Group, recently trading around $204.59 as of October 16, are currently 19.5% below Piper Sandler's target.
The company's trailing twelve-month revenue reached approximately $6.94 billion, with an EPS of $14.17.

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Piper Sandler has reiterated its Overweight rating on Simon Property Group, Inc. (NYSE: SPG) on October 12, 2026, setting a new price target of $254. This is a decrease from the previous target of $285.

As of October 16, 2026, Simon Property Group shares are trading at $204.59, which is about 19.5% below the new target. This gap suggests that the stock may have potential for growth if it approaches the target price.

Other Institutional Activity in Simon Property Group

BlackRock Inc. holds 37,269,192 shares valued at about $7.66 billion, after increasing its position by 456,478 shares, a 1.2% rise. Vanguard Portfolio Management LLC has 27,878,674 shares worth around $5.73 billion, having added 4,781,181 shares, which is a 20.7% increase. State Street Corporation reduced its stake by 575,636 shares, ending with 20,356,570 shares valued at approximately $4.18 billion, reflecting a 2.8% decrease. Geode Capital Management, LLC increased its holdings by 509,905 shares, totaling 11,335,910 shares worth about $2.33 billion, marking a 4.7% rise.

Simon Property Group, Inc. Stock Down 0.4%

The stock is currently trading below its new target, which may indicate an opportunity for investors looking for potential upside. The recent trading price of $204.59 is notably less than the target of $254.

12-month forecast

$SPG price target

Simon Property Group, Inc. daily closes and this analyst's $254 target. Not advice.

Recent Earnings

For the trailing twelve months, Simon Property Group reported revenue of approximately $6.94 billion and earnings per share (EPS) of $14.17. The next earnings report is scheduled for November 2, 2026.

Insider Buying and Selling at Simon Property Group, Inc.

Several insiders have made purchases recently. Stefan Selig bought 220 shares at an average price of $223.27 on June 30, 2026, totaling about $49,119.51. Reuben Leibowitz purchased 508 shares at an average price of $223.38, amounting to approximately $113,475.31. Peggy Roe acquired 89 shares at $223.15, totaling about $19,860.75, while Marta Stewart bought 182 shares at $223.15, valued at around $40,614.30.

Analysts Set New Price Targets

On October 12, 2026, Piper Sandler maintained its Overweight rating on Simon Property Group with a target price of $254. Earlier ratings from other firms include Scotiabank maintaining a Sector Perform rating with a target of $221 on September 17, 2026, and Evercore ISI Group keeping an In-Line rating with a target of $216 on September 21, 2026. The consensus among analysts recommends a cautious approach, reflecting a mix of ratings and targets.

About Simon Property Group

Simon Property Group, Inc. is a real estate investment trust (REIT) focused on owning and managing retail properties. The company operates a wide range of shopping centers and malls across the United States, making it a significant player in the retail real estate sector. The firm's recent updates from analysts indicate a cautious yet optimistic outlook on its stock performance.

Bottom Line

Investors should keep an eye on Simon Property Group as it approaches its next earnings report on November 2, 2026, and monitor for any further analyst updates. Piper Sandler's reaffirmation of its Overweight rating highlights ongoing confidence in the company's future performance despite the recent target adjustment.