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Analysts have raised their price target for Jones Lang LaSalle from $335 to $341, citing stronger sales performance, an improved margin outlook, and an updated valuation period.

Analyst Commentary

Recent updates from major research firms have highlighted both strengths and ongoing risks for Jones Lang LaSalle. These are reflected in new price targets and forward-looking analysis tied to its commercial real estate services.

• Bullish analysts have responded to JLL's stronger-than-expected Q2 sales by raising price targets. This suggests increased confidence in the company’s momentum.
• An improved margin outlook is viewed as a key driver for long-term earnings growth, supporting a higher valuation moving forward.
• Rolling valuation periods forward to December 2026 provides greater visibility into JLL's growth runway and reflects expectations of sustained operational performance.
• Overweight ratings indicate that the company is seen as favorably positioned compared to peers in the commercial real estate sector, especially given recent execution on both sales and profitability.

• Bearish analysts remain cautious about potential near-term volatility in the commercial real estate market, which could impact the pace of revenue growth.
• There are continued concerns about the sustainability of margin improvements in a shifting macroeconomic environment through 2026.
• Future valuation targets depend heavily on the company delivering further operational efficiencies and maintaining strong deal flow, both of which carry execution risks.

What's in the News

• JLL was selected by WestJet, Canada's leading low-cost airline, to provide facilities management services across a 1.9 million square foot portfolio, which includes the airline's headquarters and 17 airport locations nationwide. (Client Announcements)
• The company launched new artificial intelligence (AI) capabilities as an add-on to Prism, its building operations platform. These enhancements offer predictive operational intelligence and efficiency gains for property management teams. (Product-Related Announcements)
• JLL is actively seeking selective acquisitions, with a focus on investing in its own platform and increasing share buybacks in the third and fourth quarters, as noted by CEO Christian Ulbrich during the latest earnings call. (Seeking Acquisitions/Investments)
• Between April and June 2025, JLL repurchased 176,545 shares worth $41.42 million, completing the repurchase of 6,306,369 shares, or 12.7% of outstanding shares, under its ongoing buyback program. (Buyback Tranche Update)

Valuation Changes

• Consensus Analyst Price Target has increased from $335 to $341.11, reflecting a modest upward adjustment in perceived fair value.
• Discount Rate has risen slightly from 9.13% to 9.28%, indicating a small increase in perceived risk or required return.
• Revenue Growth projections remain essentially unchanged and are steady at approximately 8.44%.
• Net Profit Margin estimates have edged higher from 3.25% to 3.29%, suggesting incremental improvement in expected profitability.
• Future P/E ratio has increased marginally from 20.01x to 20.22x, which indicates a slight expansion in valuation multiples used for forward earnings.