
HPP Stock Forecast & Price Target
HPP Analyst Ratings
Bulls say
Hudson Pacific Properties is benefiting from a broadening West Coast office recovery, with demand now extending into Seattle and supported by a 2.3M SF leasing pipeline, 50% higher tour activity year over year, and expectations for 84.2% occupancy by YE 2026. The company’s return-to-profitability plan is also aided by November’s $400 million unsecured refinancing at 6.5%, while planned asset sales of $200 million to $300 million in 2026 should support deleveraging. Although studio operations remain uneven, Quixote’s loss improvement from -$18 million to -$4 million and stronger NYC production activity add diversification and incremental upside as below-average lease expirations in 2027 improve visibility.
Bears say
Hudson Pacific Properties is facing a fundamentally weak setup because its largest revenue source remains the office portfolio, yet demand in tech and media markets can quickly deteriorate if funding conditions tighten or employers shift away from costly coastal hubs like Los Angeles and San Francisco. The studio business offers some offset from 1Q gains, 10.3% q/q on-location shoot growth, and potential $21M to $27M of annualized savings from Quixote consolidation, but that improvement is still outweighed by uncertainty around Netflix’s possible Radford acquisition and broader competitive stress among LA sound stage operators. Despite trading at 9.7x 2026 FFO/sh and a 61.4% discount to estimated NAV/sh, the stock’s depressed valuation appears justified by execution risk, customer concentration, and the possibility that tenant demand weakens before those savings and operational tailwinds fully materialize.
This aggregate rating is based on analysts' research of Hudson Pacific Properties and is not a guaranteed prediction by Public.com or investment advice.
HPP Analyst Forecast & Price Prediction
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