Agree Realty (ADC) Stock Forecast, Price Target & Predictions
ADC Stock Forecast
Agree Realty stock forecast is as follows: an average price target of $70.86 (represents a -4.24% downside from ADC’s last price of $74.00) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
ADC Price Target
The average price target for Agree Realty (ADC) is $70.86 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $81.50 to $48.00. This represents a potential -4.24% downside from ADC's last price of $74.00.
ADC Analyst Ratings
According to 10 Wall Street analysts, Agree Realty's rating consensus is 'Buy'. The analyst rating breakdown for ADC stock is 1 'Strong Buy' (10.00%), 8 'Buy' (80.00%), 1 'Hold' (10.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Agree Realty Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Brad Heffern | RBC Capital | $80.00 | $76.68 | 4.33% | 8.11% |
| Aug 12, 2024 | Michael Gorman | BTIG | $74.00 | $72.10 | 2.64% | - |
| Jun 11, 2024 | Upal Rana | KeyBanc | $68.00 | $60.18 | 12.99% | -8.11% |
| Jun 03, 2024 | Jonathan Hughes | Raymond James | $48.00 | $60.76 | -21.00% | -35.14% |
| Jun 03, 2024 | Connor Siversky | Wells Fargo | $62.00 | $60.76 | 2.04% | -16.22% |
| May 31, 2024 | Mike Goldsmith | UBS | $60.00 | $60.26 | -0.43% | -18.92% |
| Jan 22, 2024 | Mitch Germain | JMP Securities | $71.00 | $61.09 | 16.22% | -4.05% |
| Jan 09, 2023 | - | Raymond James | $81.00 | $70.78 | 14.44% | 9.46% |
| Dec 02, 2022 | Ki Bin Kim | Truist Financial | $80.00 | $70.70 | 13.15% | 8.11% |
| Jun 20, 2022 | Simon Yarmak | Stifel Nicolaus | $81.50 | $68.80 | 18.46% | 10.14% |
The latest Agree Realty stock forecast, released on Oct 24, 2024 by Brad Heffern from RBC Capital, set a price target of $80.00, which represents a 4.33% increase from the stock price at the time of the forecast ($76.68), and a 8.11% increase from ADC last price ($74.00).
Agree Realty Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 7 |
| Avg Price Target | $80.00 | $77.00 | $66.14 |
| Last Closing Price | $74.00 | $74.00 | $74.00 |
| Upside/Downside | 8.11% | 4.05% | -10.62% |
In the current month, the average price target of Agree Realty stock is $80.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.11% increase as opposed to Agree Realty's last price of $74.00. This month's average price target is up 3.90% compared to last quarter, and up 20.96% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 04, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 21, 2024 | Raymond James | Strong Buy | Strong Buy | Hold |
| Aug 12, 2024 | BTIG | Buy | Buy | Hold |
| Jul 25, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 11, 2024 | KeyBanc | - | Overweight | Initialise |
| Jun 03, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jun 03, 2024 | National Securities Corporation | Buy | Buy | Hold |
| May 31, 2024 | UBS | - | Neutral | Initialise |
| Feb 27, 2024 | Wells Fargo | Buy | Buy | Hold |
Agree Realty's last stock rating was published by RBC Capital on Oct 24, 2024. The company gave ADC a "Outperform" rating, the same as its previous rate.
Agree Realty Financial Forecast
Agree Realty Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $144.16M | $136.81M | $129.90M | $126.62M | $125.00M | $110.06M | $104.88M | $98.34M | $91.41M | $87.54M | $82.55M | $77.83M | $71.42M | $63.81M |
| Avg Forecast | $158.13M | $157.53M | $156.83M | $159.25M | $170.76M | $167.92M | $165.19M | $163.16M | $173.34M | $165.09M | $163.09M | $160.54M | $156.52M | $152.83M | $150.35M | $147.95M | $140.63M | $134.47M | $129.54M | $122.23M | $115.09M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| High Forecast | $164.58M | $163.95M | $163.23M | $165.74M | $177.73M | $174.77M | $171.93M | $169.81M | $180.41M | $171.82M | $169.74M | $167.80M | $159.50M | $152.90M | $150.35M | $148.01M | $143.07M | $141.27M | $134.82M | $127.21M | $119.79M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| Low Forecast | $147.77M | $147.21M | $146.56M | $148.82M | $159.58M | $156.92M | $154.37M | $152.47M | $161.98M | $154.28M | $152.40M | $151.55M | $150.86M | $152.77M | $150.35M | $147.89M | $135.84M | $121.56M | $121.05M | $114.22M | $107.55M | $109.69M | $102.28M | $96.11M | $91.76M | $87.72M | $82.31M | $76.00M | $69.59M | $61.53M |
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.00% | 1.04% | 1.09% | 1.00% | 1.03% | 1.02% | 1.00% | 1.00% | 1.00% | 1.02% | 1.03% | 1.04% |
Agree Realty's average Quarter revenue forecast for Mar 24 based on 4 analysts is $147.95M, with a low forecast of $147.89M, and a high forecast of $148.01M. ADC's average Quarter revenue forecast represents a 2.63% increase compared to the company's last Quarter revenue of $144.16M (Dec 23).
Agree Realty EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $68.27M | $63.78M | $61.10M | $101.15M | $95.28M | $97.98M | $92.58M | $86.38M | $81.00M | $81.22M | $51.28M | $69.02M | $47.90M | $53.03M |
| Avg Forecast | $120.56M | $120.09M | $119.56M | $121.41M | $130.19M | $128.02M | $125.94M | $124.39M | $132.15M | $125.86M | $124.33M | $122.39M | $119.33M | $116.52M | $114.62M | $85.86M | $107.22M | $102.52M | $98.76M | $78.05M | $94.78M | $83.62M | $77.98M | $70.96M | $69.96M | $66.87M | $62.75M | $66.02M | $53.05M | $46.91M |
| High Forecast | $125.47M | $124.99M | $124.44M | $126.36M | $135.50M | $133.24M | $131.08M | $129.46M | $137.54M | $130.99M | $129.41M | $127.92M | $121.60M | $116.57M | $114.62M | $103.03M | $109.08M | $107.70M | $102.79M | $93.67M | $113.74M | $83.62M | $77.98M | $85.15M | $69.96M | $66.87M | $62.75M | $79.22M | $53.05M | $46.91M |
| Low Forecast | $112.66M | $112.23M | $111.73M | $113.46M | $121.66M | $119.63M | $117.69M | $116.24M | $123.49M | $117.62M | $116.19M | $115.54M | $115.01M | $116.47M | $114.62M | $68.69M | $103.56M | $92.67M | $92.29M | $62.44M | $75.83M | $83.62M | $77.98M | $56.77M | $69.96M | $66.87M | $62.75M | $52.81M | $53.05M | $46.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 0.62% | 0.62% | 1.30% | 1.01% | 1.17% | 1.19% | 1.22% | 1.16% | 1.21% | 0.82% | 1.05% | 0.90% | 1.13% |
4 analysts predict ADC's average Quarter EBITDA for Mar 24 to be $85.86M, with a high of $103.03M and a low of $68.69M. This is 25.76% upper than Agree Realty's previous annual EBITDA (Dec 23) of $68.27M.
Agree Realty Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $44.10M | $41.52M | $39.01M | $5.04M | $40.93M | $39.42M | $35.97M | $36.11M | $33.31M | $36.66M | $22.35M | $30.11M | $23.61M | $21.28M |
| Avg Forecast | - | - | - | - | $51.38M | $50.69M | $50.10M | $48.39M | $47.87M | $47.31M | $46.43M | $46.31M | $44.09M | $44.14M | $44.91M | $38.68M | $45.57M | $42.52M | $43.99M | $35.17M | $38.79M | $45.20M | $45.20M | $31.97M | $47.55M | $46.21M | $46.54M | $28.80M | $42.53M | $41.69M |
| High Forecast | - | - | - | - | $54.10M | $53.38M | $52.76M | $50.96M | $50.40M | $49.82M | $48.89M | $46.75M | $44.52M | $44.34M | $44.93M | $46.42M | $47.99M | $43.53M | $46.32M | $42.20M | $46.55M | $45.20M | $45.20M | $38.36M | $47.55M | $46.21M | $46.54M | $34.56M | $42.53M | $41.69M |
| Low Forecast | - | - | - | - | $47.00M | $46.38M | $45.84M | $44.27M | $43.79M | $43.28M | $42.48M | $45.43M | $43.66M | $43.93M | $44.88M | $30.95M | $44.66M | $41.50M | $40.25M | $28.13M | $31.03M | $45.20M | $45.20M | $25.58M | $47.55M | $46.21M | $46.54M | $23.04M | $42.53M | $41.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.98% | 0.89% | 0.14% | 1.05% | 0.87% | 0.80% | 1.13% | 0.70% | 0.79% | 0.48% | 1.05% | 0.56% | 0.51% |
Agree Realty's average Quarter net income forecast for Mar 24 is $38.68M, with a range of $30.95M to $46.42M. ADC's average Quarter net income forecast represents a -12.27% decrease compared to the company's last Quarter net income of $44.10M (Dec 23).
Agree Realty SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.70M | $8.84M | $8.42M | $8.82M | $7.86M | $6.99M | $7.65M | $7.62M | $6.65M | $5.69M | $6.24M | $6.88M | $6.79M | $4.76M |
| Avg Forecast | $11.59M | $11.54M | $11.49M | $11.67M | $12.52M | $12.31M | $12.11M | $11.96M | $12.70M | $12.10M | $11.95M | $11.77M | $11.47M | $11.20M | $11.02M | $8.61M | $10.31M | $9.86M | $9.49M | $7.83M | $7.78M | $8.04M | $7.50M | $7.11M | $6.73M | $6.43M | $6.03M | $6.58M | $5.10M | $4.51M |
| High Forecast | $12.06M | $12.02M | $11.96M | $12.15M | $13.03M | $12.81M | $12.60M | $12.45M | $13.22M | $12.59M | $12.44M | $12.30M | $11.69M | $11.21M | $11.02M | $10.33M | $10.49M | $10.35M | $9.88M | $9.39M | $9.34M | $8.04M | $7.50M | $8.54M | $6.73M | $6.43M | $6.03M | $7.90M | $5.10M | $4.51M |
| Low Forecast | $10.83M | $10.79M | $10.74M | $10.91M | $11.70M | $11.50M | $11.31M | $11.17M | $11.87M | $11.31M | $11.17M | $11.11M | $11.06M | $11.20M | $11.02M | $6.89M | $9.96M | $8.91M | $8.87M | $6.26M | $6.23M | $8.04M | $7.50M | $5.69M | $6.73M | $6.43M | $6.03M | $5.26M | $5.10M | $4.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.90% | 0.89% | 1.13% | 1.01% | 0.87% | 1.02% | 1.07% | 0.99% | 0.88% | 1.03% | 1.05% | 1.33% | 1.05% |
Agree Realty's average Quarter SG&A projection for Mar 24 is $8.61M, based on 4 Wall Street analysts, with a range of $6.89M to $10.33M. The forecast indicates a -1.07% fall compared to ADC last annual SG&A of $8.70M (Dec 23).
Agree Realty EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 4 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.41 | - | $0.06 | $0.44 | $0.47 | $0.45 | $0.48 | $0.47 | $0.52 | $0.34 | $0.48 | $0.43 | $0.39 |
| Avg Forecast | - | - | - | - | $0.51 | $0.50 | $0.49 | $0.48 | $0.47 | $0.47 | $0.46 | $0.46 | $0.43 | $0.43 | $0.44 | $0.45 | $0.45 | $0.42 | $0.43 | $0.44 | $0.42 | $0.45 | $0.45 | $0.45 | $0.47 | $0.46 | $0.46 | $0.45 | $0.42 | $0.41 |
| High Forecast | - | - | - | - | $0.53 | $0.52 | $0.52 | $0.50 | $0.50 | $0.49 | $0.48 | $0.46 | $0.44 | $0.44 | $0.44 | $0.47 | $0.47 | $0.43 | $0.46 | $0.46 | $0.45 | $0.45 | $0.45 | $0.45 | $0.47 | $0.46 | $0.46 | $0.45 | $0.42 | $0.41 |
| Low Forecast | - | - | - | - | $0.46 | $0.46 | $0.45 | $0.44 | $0.43 | $0.43 | $0.42 | $0.45 | $0.43 | $0.43 | $0.44 | $0.41 | $0.44 | $0.41 | $0.40 | $0.40 | $0.39 | $0.45 | $0.45 | $0.45 | $0.47 | $0.46 | $0.46 | $0.45 | $0.42 | $0.41 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.98% | 0.00% | 0.13% | 1.04% | 1.04% | 1.00% | 1.07% | 0.99% | 1.13% | 0.73% | 1.07% | 1.02% | 0.94% |
According to 4 Wall Street analysts, Agree Realty's projected average Quarter EPS for Mar 24 is $0.45, with a low estimate of $0.41 and a high estimate of $0.47. This represents a 111400.00% increase compared to ADC previous annual EPS of - (Dec 23).
Agree Realty Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SITC | SITE Centers | $16.16 | $33.53 | 107.49% | Hold |
| NTST | NETSTREIT | $15.09 | $23.55 | 56.06% | Hold |
| O | Realty Income | $59.29 | $69.53 | 17.27% | Buy |
| UE | Urban Edge Properties | $22.36 | $25.00 | 11.81% | Buy |
| BFS | Saul Centers | $39.24 | $43.50 | 10.86% | Buy |
| FRT | Federal Realty Investment Trust | $111.42 | $122.95 | 10.35% | Buy |
| NNN | National Retail Properties | $43.33 | $47.67 | 10.02% | Buy |
| KRG | Kite Realty Group Trust | $26.51 | $27.50 | 3.73% | Buy |
| REG | Regency Centers | $72.28 | $72.00 | -0.39% | Buy |
| KIM | Kimco Realty | $24.22 | $23.88 | -1.40% | Buy |
| SPG | Simon Property Group | $172.16 | $166.25 | -3.43% | Buy |
| ADC | Agree Realty | $74.00 | $70.86 | -4.24% | Buy |
| PECO | Phillips Edison & Company | $38.08 | $35.75 | -6.12% | Buy |
ADC Forecast FAQ
Is Agree Realty a good buy?
Yes, according to 10 Wall Street analysts, Agree Realty (ADC) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 8 'Buy' recommendations, accounting for 90.00% of ADC's total ratings.
What is ADC's price target?
Agree Realty (ADC) average price target is $70.86 with a range of $48 to $81.5, implying a -4.24% from its last price of $74. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Agree Realty stock go up soon?
According to Wall Street analysts' prediction for ADC stock, the company can go down by -4.24% (from the last price of $74 to the average price target of $70.86), up by 10.14% based on the highest stock price target, and down by -35.14% based on the lowest stock price target.
Can Agree Realty stock reach $110?
ADC's average twelve months analyst stock price target of $70.86 does not support the claim that Agree Realty can reach $110 in the near future.
What is Agree Realty's current price target trend?
1 Wall Street analyst forecast a $80 price target for Agree Realty (ADC) this month, up 8.11% from its last price of $74. Compared to the last 3 and 12 months, the average price target increased by 4.05% and decreased by -10.62%, respectively.
What are Agree Realty's analysts' financial forecasts?
Agree Realty's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $667.03M (high $694.24M, low $623.34M), average EBITDA is $508.53M (high $529.28M, low $475.22M), average net income is $200.57M (high $211.21M, low $183.49M), average SG&A $48.89M (high $50.88M, low $45.68M), and average EPS is $1.97 (high $2.08, low $1.8). ADC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $631.74M (high $657.5M, low $590.35M), average EBITDA is $481.62M (high $501.27M, low $450.07M), average net income is $0 (high $0, low $0), average SG&A $46.3M (high $48.19M, low $43.27M), and average EPS is $0 (high $0, low $0).
Did the ADC's actual financial results beat the analysts' financial forecasts?
Based on Agree Realty's last annual report (Dec 2022), the company's revenue was $463.15M, beating the average analysts forecast of $423.17M by 9.45%. Apple's EBITDA was $343.09M, beating the average prediction of $327.34M by 4.81%. The company's net income was $152.44M, missing the average estimation of $161.17M by -5.42%. Apple's SG&A was $30.12M, missing the average forecast of $30.43M by -1.02%. Lastly, the company's EPS was $1.84, beating the average prediction of $1.77 by 3.84%. In terms of the last quarterly report (Dec 2023), Agree Realty's revenue was $144.16M, beating the average analysts' forecast of $140.63M by 2.51%. The company's EBITDA was $68.27M, missing the average prediction of $107.22M by -36.32%. Agree Realty's net income was $44.1M, missing the average estimation of $45.57M by -3.23%. The company's SG&A was $8.7M, missing the average forecast of $10.31M by -15.58%. Lastly, the company's EPS was $0.0004, missing the average prediction of $0.448 by -99.91%