Raymond James has reiterated its Outperform recommendation on CBRE Group (NYSE: CBRE), maintaining a $180.00 price objective after the commercial real estate services firm reported a strong fourth-quarter 2025. At the stated target, the stock would trade roughly 20% higher than its prevailing price of $149.49. Analyst price targets compiled by InvestingPro show a wide range, from $127 at the low end to $212 at the high end.
CBRE’s quarterly results showed double-digit revenue expansion across nearly all business units with the exception of Real Estate Investments. The Building Operations & Experience business was the standout, posting a 19% increase in revenue. Within Advisory Services, both leasing and sales posted mid-teens year-over-year growth, a pace that exceeded consensus expectations.
The company’s net revenue for the quarter beat analyst consensus and contributed to an earnings-per-share result that topped forecasts. Raymond James pointed to broad-based growth across most segments as the main driver of the better-than-expected profitability for the period.
Independent data from InvestingPro classifies CBRE as a significant participant in the Real Estate Management & Development industry and assigns the company a financial health score described as "GOOD."
Looking ahead, CBRE provided its first outlook for fiscal 2026, forecasting non-GAAP earnings per share in a range of $7.30 to $7.60. The midpoint of that guidance is $0.06 above the current consensus estimate, a modest lift relative to street expectations. Raymond James observed that the company’s segment operating income growth targets for 2026 are broadly in line with consensus for each business area.
Additional reporting on the quarter emphasized that CBRE’s fourth-quarter earnings exceeded analyst expectations despite a slight miss on revenue targets in some measures. The combination of the earnings beat and the revenue shortfall has drawn attention from analysts and investors, underscoring a quarter in which profitability metrics outpaced top-line performance.
Analysts had been closely monitoring CBRE’s financials entering the release, and the better-than-expected earnings outcome reinforced interest from the investment community. The Q4 results, together with the 2026 guidance and Raymond James’ maintained Outperform rating, present a picture of a company delivering across multiple segments while aligning upcoming operating income targets with market expectations.
Note: This article presents reported results, analyst coverage, and company guidance as stated; it does not infer causes or outcomes beyond the information provided.