Boston Properties Stock Has A 40% Upside

Boston Properties Stock Has A 40% Upside

BRAZIL - 2020/05/10: In this photo illustration the Boston Properties logo seen displayed on a ... [+] smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)



SOPA Images/LightRocket via Getty Images

We believe that Boston Properties stock (NYSE: BXP) has an upside potential of 42% in 1-1.5 years, once the office spaces fully open and the demand in commercial property lease markets improves to pre-Covid levels. BXP trades at $102 currently and it has lost 26% in value year-to-date. It traded at a pre-Covid high of $145 in February and is 29% below that level now. Also, BXP stock has gained 31% from the lows of $78 seen in March 2020, after the multi-billion dollar stimulus package announced by the U.S. government, which has helped the stock market recover to a large extent. The stock is lagging the broader markets (S&P 500 is up about 60% since March bottom), as investors are cautious about the shutdown of office spaces due to the Covid-19 pandemic and its impact on REITs (Real Estate Investment Trust) like Boston Properties



BXP

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The company develops, owns, and operates a portfolio of