Piper Sandler Lowers BXP Price Target to $75

Real estate investment trust's stock rating remains 'overweight'

Apr. 1, 2026 at 6:21pm

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Piper Sandler, an equity research firm, has lowered its price target for shares of BXP (NYSE:BXP), a Boston-based real estate investment trust, from $87 to $75. However, the firm maintained its 'overweight' rating on the stock.

Why it matters

BXP is a major REIT focused on Class A office properties in major U.S. markets. The reduced price target from Piper Sandler reflects broader economic uncertainty and its potential impact on the commercial real estate sector.

The details

In a research note, Piper Sandler analysts cited the challenging market conditions as the reason for lowering BXP's price target, while keeping an 'overweight' rating on the stock. Several other brokerages have also adjusted their views on BXP in recent months, with some reducing price targets amid the economic slowdown.

  • Piper Sandler issued the updated research note on April 1, 2026.

The players

Piper Sandler

An equity research firm that covers BXP and other real estate investment trusts.

BXP

A publicly traded real estate investment trust that specializes in owning and managing Class A office properties in major U.S. markets, headquartered in Boston, Massachusetts.

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The takeaway

The reduced price target from Piper Sandler reflects broader economic uncertainty and its potential impact on the commercial real estate sector, which could pose challenges for BXP and other REITs in the near term.