Update shared on 29 Oct 2025
Fair value Increased 0.063%Analysts have modestly increased their price target for BXP to $79.50, citing improving revenue growth expectations and positive trends in key office markets that support the stock's outlook.
Analyst Commentary
Recent street research on BXP reflects a range of perspectives, with both bullish and bearish analysts weighing in on the company’s outlook. The following summarizes the key points from these research notes.
Bullish Takeaways- Bullish analysts highlight that BXP is well positioned to benefit from the rising demand for office space in gateway markets such as San Francisco, New York City, Seattle, and Boston. These cities continue to attract outsized growth from AI-related jobs.
- Several price target increases have been noted, suggesting analysts see improved risk/reward dynamics for BXP, especially given its exposure to higher-quality assets and trophy properties.
- Management’s discussion of higher occupancy rates, access to diverse capital sources, and development-driven growth opportunities has reinforced a positive outlook for long-term revenue expansion.
- BXP is considered a top pick among real estate investment trusts with traditional office market exposure. Its strategic positioning is seen as a competitive advantage.
- Bearish analysts raise concerns about BXP’s larger disposition program. They point to the company’s plan to sell more assets over the next two years in an effort to deleverage and support growth.
- There is caution around slower-than-expected revenue growth, with some expecting consensus estimates to move lower due to the recent adjustments in management’s guidance.
- A recent dividend cut featured in earnings has contributed to a more cautious stance among some analysts, despite signs of improving occupancy.
- The recent share price rally, with BXP gaining over 20% in the past month, is viewed by some as overextending valuation and limiting further near-term upside.
What's in the News
- BXP, Inc. (NYSE:BXP) was dropped from the FTSE All-World Index, reflecting recent changes in index composition (FTSE).
- The Board of Directors declared a quarterly cash dividend of $0.70 per share for Q3 2025, payable October 31, 2025. This aligns with the company’s ongoing capital strategy (Company Announcement).
- BXP recently hosted an Analyst/Investor Day to discuss its operating environment, strategies for development and disposition, and key business updates for investors (Company Event).
Valuation Changes
- Consensus Analyst Price Target: Increased slightly from $79.45 to $79.50.
- Discount Rate: Declined modestly from 8.99% to 8.91%.
- Revenue Growth: Improved from 1.96% to 2.18%.
- Net Profit Margin: Edged up from 10.33% to 10.36%.
- Future P/E: Decreased marginally from 43.82x to 43.34x.
Disclaimer
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