Evercore ISI Raises its Price Target on Vornado Realty Trust (VNO) to $43 and Maintains an Outperform Rating

SelfRugger · 2026-03-20T16:22:17+00:00

Evercore ISI raised its price target on Vornado Realty Trust to $43, citing improved earnings visibility. Meanwhile, Piper Sandler lowered its target to $36 but maintained a Neutral rating. Vornado's fourth-quarter revenue exceeded expectations, highlighting its solid performance in the real estate sector.

SelfRugger

2026-03-20 16:22:17

Abstract generation in progress

Evercore ISI Raises its Price Target on Vornado Realty Trust (VNO) to $43 and Maintains an Outperform Rating

Jeff Lewis

Sat, February 14, 2026 at 5:50 AM GMT+9 2 min read

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Vornado Realty Trust (NYSE:VNO) is included in our list of Real Estate Investing for Beginners: 10 Best Stocks to Buy.

Evercore ISI Raises its Price Target on Vornado Realty Trust (VNO) to $43 and Maintains an Outperform Rating

On February 11, 2026, Evercore ISI analyst Steve Sakwa raised his price target on Vornado Realty Trust (NYSE:VNO) to $43 from $42 previously and maintained an Outperform rating. The firm said it is starting to see clearer visibility into 2027 as earnings momentum builds.

That same day, Piper Sandler analyst Alexander Goldfarb lowered his price target on Vornado Realty Trust (NYSE:VNO) to $36 from $38 and kept a Neutral rating. The firm said its concerns around Vornado’s capital plans eased after the earnings call, as management emphasized flexibility and reiterated that the earnings ramp will play out over several years. Piper said it remains focused on the single fourth-quarter dividend declaration, viewing it as an indicator of a REIT’s fiscal health and an important driver of total return.

The analyst updates followed fourth-quarter results released on February 10, 2026, when Vornado Realty Trust (NYSE:VNO) reported revenue of $453.7 million, ahead of the $440.23 million consensus estimate.

Vornado Realty Trust (NYSE:VNO) is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail, and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco.

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