Piper Sandler reiterates Boston Properties stock rating

Piper Sandler reaffirms Overweight rating on Boston Properties stock with $75 target. AI demand driving office market changes.

ByEmily Davis- Senior Editor

Today / 13:44|Last updated: Today / 13:47

Piper Sandler has reiterated an Overweight rating and $75.00 price target on Boston Properties Inc. (NYSE:BXP).

The firm cites accelerating demand from AI and finance sectors in New York and San Francisco, which represent 42% of the company's net operating income.

Availability rates are declining in these markets, boosting pricing power for office space.

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