Jefferies Maintains Hold on Hudson Pacific (HPP), Lowers PT to $2.40, Cites AI's Impact on Office Demand

Hudson Pacific Properties Inc. (NYSE:HPP) is one of the best stocks under $3 to invest in. On October 13, Jefferies lowered the firm’s price target on Hudson Pacific to $2.40 from $2.50 and kept a Hold rating on the shares. Following a transfer of coverage, the firm adjusted ratings and price targets within the REIT space. Jefferies identified AI as the key theme that will shape future office demand.

On the same day, Jefferies analyst Joe Dickstein maintained a Hold rating on Hudson Pacific Properties today and set a price target of $2.40.

Earlier on October 1, Cantor Fitzgerald also initiated coverage of Hudson Pacific with an Overweight rating and $3.50 price target. This sentiment was announced as part of the firm’s broader initiation of coverage of the US REITs, including 9 property sectors and 40 stocks. There isn’t a lot of enthusiasm for a REIT recovery in 2026, but Cantor Fitzgerald believes that the industry is well-positioned over the next 12 to 24 months.

Hudson Pacific Properties Inc. (NYSE:HPP) is a real estate investment trust, or REIT.

While we acknowledge the potential of HPP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.