-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We increase our target by $15 to $170, on a forward P/E of 22.2x our 2026 EPS, a small premium to CBRE's three-year average multiple (20.2x). We increase our 2026 EPS estimate by $0.40 to $7.67 and increase 2027 by $0.87 to $8.67. We now believe commercial real estate activity growth is likely to maintain its current pace, with potential for even a single interest rate cut to increase activity further in 2H 2026. CBRE's land development pipeline remains a significant opportunity for growth but management noted monetizing assets is currently difficult as securing power, water, and public approval remains a headwind. We believe CBRE is well positioned to execute these developments and we expect profitability in this space to be less predictable Q/Q but should serve as meaningful long-term EPS growth drivers. The BOE and Project Management space continue to deliver with critical infrastructure services expected to grow 60% Y/Y this year as CBRE provides facilities management to over 1,300 data centers globally.