Raymond James Boosts Agree Realty Stock Price Target

Analysts raise price target on real estate investment trust to $90 per share.

Mar. 17, 2026 at 4:05pm

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Equity researchers at Raymond James Financial have increased their price target on shares of Agree Realty (NYSE: ADC) from $84 to $90, maintaining a "strong-buy" rating on the real estate investment trust's stock. The new target price represents a potential upside of 12.23% from the stock's current trading price.

Why it matters

Agree Realty is a prominent real estate investment trust that focuses on acquiring, developing, and managing a diversified portfolio of retail properties under long-term, triple-net leases. The positive forecast from Raymond James suggests analysts see continued growth potential for the company, which could signal broader confidence in the commercial real estate market.

The details

In their research note, the Raymond James analysts cited Agree Realty's strong performance and growth prospects as reasons for the increased price target. Several other analysts have also recently weighed in on the stock, with Evercore lowering their target to $83 and Wells Fargo raising theirs to $83. Overall, the consensus rating on Agree Realty is a "Moderate Buy" with an average target price of $83.21.

  • The Raymond James research note was issued on Tuesday, March 17, 2026.

The players

Raymond James Financial

A diversified financial services company that provides investment banking, asset management, and wealth management services.

Agree Realty

A real estate investment trust that focuses on acquiring, developing, and managing a diversified portfolio of retail properties under long-term, triple-net leases.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The positive forecast from Raymond James suggests continued growth potential for Agree Realty, which could signal broader confidence in the commercial real estate market. This news highlights the importance of monitoring analyst ratings and price targets when evaluating investment opportunities in the REIT sector.