Analyst Price Target is $196.82
▲ +9.64% Upside Potential
This price target is based on 16 analysts offering 12 month price targets for AvalonBay Communities in the last 3 months. The average price target is $196.82, with a high forecast of $215.00 and a low forecast of $179.00. The average price target represents a 9.64% upside from the last price of $179.51.
Current Consensus is
Hold
The current consensus among 16 polled investment analysts is to hold stock in AvalonBay Communities. This Hold consensus rating has held steady for over two years.
As of June 30, 2023, the Company owned or held a direct or indirect ownership interest in 294 apartment communities containing 88,659 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.
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