William Blair analyst Stephen Sheldon has reiterated their bullish stance on JLL stock, giving a Buy rating on July 24.
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Stephen Sheldon has given his Buy rating due to a combination of factors that highlight the company’s strong performance and future potential. The second-quarter results for Jones Lang LaSalle showed mixed outcomes, but the overall growth in gross revenue and adjusted EBITDA was in line with expectations and slightly above consensus estimates. Despite a minor setback in adjusted EPS due to a loan loss in the DUS business, the company’s financial health remains robust.
Management’s decision to slightly raise the profit guidance for 2025 further underscores confidence in the company’s growth trajectory. The real estate management business continues to show strength, and there is a gradual recovery in transactional activities. Additionally, the outsourcing segment’s growth provides a stable base of recurring profit, which is encouraging for future performance. These factors collectively contribute to the positive outlook and justify the Buy rating.
Sheldon covers the Technology sector, focusing on stocks such as Agilysys, Olo, and Par Technology. According to TipRanks, Sheldon has an average return of 9.3% and a 60.00% success rate on recommended stocks.
In another report released on July 24, KBW also maintained a Buy rating on the stock with a $297.00 price target.