Piper Sandler cuts target for Simon Property Group stock to USD 254

Published on 10/21/2026 at 11:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Piper Sandler cut its target to USD 254 on October 12, 2026. Simon Property Group stock costs EUR 184.45 on October 21, 2026.

Analyst targets and earnings date

Piper Sandler cut its Simon Property Group target to USD 254 on October 12, 2026.
Third-quarter revenue consensus stands at USD 1.63 billion for November 5, 2026.
Simon Property Group stock trades at EUR 184.45 at 11:46 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Simon Property Group (ISIN US8288061091) was trading at EUR 184.45 at Lang & Schwarz on October 21, 2026, at 11:46 a.m. CEST. MarketScreener reported on October 12, 2026, that Piper Sandler cut its price target from USD 285 to USD 254.

Target cuts reset the valuation debate

The Piper Sandler move was part of a broader sequence of October analyst revisions. The same MarketScreener report listed Jefferies cutting its target from USD 278 to USD 252 on October 12, 2026, while UBS reduced its target from USD 222 to USD 205 on October 9, 2026.

The operating backdrop is mixed rather than one-dimensional. For the second quarter of 2026, Simon reported revenue of USD 1.79 billion, up 20 percent from the prior-year quarter, while net income fell 13 percent to USD 483.1 million and diluted earnings per share came in at USD 1.49, according to Simply Wall St on October 20, 2026.

What does November mean for earnings?

The next measurable test is Simon's third-quarter release on November 5, 2026. Simon Property Group lists the earnings conference call for that date at 5:00 p.m. EST, while MarketBeat cites consensus revenue of USD 1.63 billion and earnings per share of USD 1.67.

Three events frame the stock

On September 9, 2026, Simon announced an USD 800 million senior-notes offering, according to Simon Property Group. On October 6, 2026, the company set November 5, 2026, for its third-quarter results. On October 12, 2026, Piper Sandler cut its target to USD 254, the latest event in this sequence.

For investors, the key comparison is revenue growth against earnings pressure: the second-quarter revenue increase was paired with a 13 percent net-income decline. The November figures will show whether that gap persists.

Simon Property Group stock quote

Simon Property Group was trading at EUR 184.45 at Lang & Schwarz on October 21, 2026, at 11:46 a.m. CEST. The primary listing is on the NYSE, where the company trades under SPG. The further course of trading is shown by the continuously updated real-time quote of Simon Property Group stock.