Agree Realty Maintains 'Buy' Rating Despite Lowered Price Target

UBS analyst Michael Goldsmith maintains a "Buy" rating for Agree Realty (ADC) despite adjusting the price target from $84.00 to $80.00 USD, a 4.76% reduction. The average target price from 19 analysts is $82.03, with an upside of 13.74% from the current price of $72.12. The consensus recommendation is 2.0, indicating "Outperform" status. The estimated GF Value for Agree Realty Corp in one year is $83.86, suggesting a 16.28% upside from the current price.

UBS analyst Michael Goldsmith has revised the price target for Agree Realty (ADC, Financial) from $84.00 to $80.00 USD, representing a 4.76% reduction. Despite this adjustment, the analyst maintains a "Buy" rating on the company's shares. This update reflects the latest assessment of the stock's potential value and outlook in the market [1].

Based on the one-year price targets offered by 19 analysts, the average target price for Agree Realty Corp (ADC, Financial) is $82.03, with a high estimate of $89.00 and a low estimate of $75.00. This average target implies an upside of 13.74% from the current price of $72.12 [1]. The consensus recommendation from 21 brokerage firms is 2.0, indicating an "Outperform" status [1].

The estimated GF Value for Agree Realty Corp (ADC, Financial) in one year is $83.86, suggesting a 16.28% upside from the current price of $72.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at, calculated based on historical multiples and future estimates of business performance [1].

Agree Realty Corp has experienced significant business developments, including over $375 million invested across three external growth platforms in Q1 2025, a strong liquidity position with $1.9 billion available, and a forward equity raise of $181 million via its ATM program in Q1 2025. The company's portfolio occupancy remained solid at 99.2%, with a focus on recession-resistant retailers [1].

However, the company faces challenges such as a volatile macroeconomic environment, potential impacts from tariffs, and concerns about overbuilding in certain sectors. Additionally, the company experienced a temporary dip in occupancy due to issues with former Big Lots locations, although resolutions are underway [1].

Other analysts have also weighed in on Agree Realty's stock. Barclays set a $77.00 price target and gave the stock an "equal weight" rating, while Wall Street Zen lowered its rating to "sell," and Morgan Stanley lowered its rating to "equal weight" with a $75.00 price target [2]. The consensus rating is "Moderate Buy" with a consensus target price of $80.25 [2].

Institutional investors own 97.83% of the company's stock, and several hedge funds have recently added to or reduced their stakes in the stock. Agree Realty Corporation is a publicly traded real estate investment trust that focuses on the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants [2].

References:
[1] https://www.gurufocus.com/news/2981292/agree-realty-adc-price-target-revised-by-ubs-analyst-adc-stock-news
[2] https://www.marketbeat.com/instant-alerts/agree-realty-nyseadc-price-target-lowered-to-8000-at-ubs-group-2025-07-16/