Welltower stock forecast 2026–2030
Analysts' average 12-month price target for Welltower is 261.17, 5.3% above the current price of 247.95. Their targets range from 246.00 to 275.00.
Of the 15 firms that rated Welltower in the past 12 months, 14 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating); on average they come to Buy.
Analysts' 1-year price targets range from 246.00 to 275.00, with an average of 261.17.
| Strong buy | 0 | |
| Buy | 14 | |
| Hold | 1 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 275.00 |
| Average target | 261.17 |
| Lowest target | 246.00 |
| Current price | 247.95 |
Welltower price target history
Have analysts recently raised or lowered their Welltower price target and rating?
How analysts rate Welltower, month by month
14 of 15 firms rate it buy now, against 5 of 6 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Welltower analyst upgrades, downgrades and price targets
The latest rating change came on 28 October 2026, when Freedom Broker upgraded Welltower from Hold to Buy. The most recent new target came from Raymond James on 29 October 2026: 263.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 29 Oct 2026 | Raymond James David Rodgers | — | 226.00 → 263.00 | +16.4% | 233.17 |
| 28 Oct 2026 | Freedom Broker | Upgraded · Hold → Buy | — | — | — |
| 27 Oct 2026 | UBS Michael Goldsmith | — | 271.00 → 269.00 | -0.7% | 228.88 |
| 19 Oct 2026 | Wells Fargo | Reiterated · Overweight | 266.00 → 268.00 | +0.8% | 234.85 |
| 13 Oct 2026 | Barclays | Reiterated · Equal Weight | 259.00 → 246.00 | -5.0% | 230.29 |
| 24 Sept 2026 | JP Morgan | Upgraded · Neutral → Overweight | — | — | — |
| 21 Sept 2026 | Evercore ISI James Kammert | Reiterated · Outperform | 260.00 → 256.00 | -1.5% | 232.53 |
| 15 Sept 2026 | Jefferies | — | 248.00 → 275.00 | +10.9% | 234.29 |
| 2 Sept 2026 | Scotiabank | Reiterated · Sector Outperform | 248.00 → 251.00 | +1.2% | 238.78 |
| 1 Sept 2026 | Morgan Stanley Ronald Kamdem | Reiterated · Overweight | 215.00 → 251.00 | +16.7% | 236.31 |
| 1 Sept 2026 | Wells Fargo John Kilichowski | Reiterated · Overweight | 218.00 → 266.00 | +22.0% | 236.31 |
| 31 Aug 2026 | Barclays | Reiterated · Equal Weight | 254.00 → 259.00 | +2.0% | 237.98 |
| 4 Aug 2026 | KeyBanc | Reiterated · Overweight | 240.00 → 275.00 | +14.6% | 233.10 |
| 3 Aug 2026 | RBC Capital | Reiterated · Outperform | 238.00 → 260.00 | +9.2% | 234.83 |
| 31 Jul 2026 | Cantor Fitzgerald | Reiterated · Overweight | 230.00 → 260.00 | +13.0% | 234.02 |
| 30 Jul 2026 | Evercore ISI James Kammert | Reiterated · Outperform | 208.00 → 260.00 | +25.0% | 236.73 |
| 22 Jul 2026 | Mizuho Securities | Reiterated · Outperform | 239.00 → 260.00 | +8.8% | 246.44 |
| 8 Jul 2026 | UBS Michael Goldsmith | Reiterated · Buy | 249.00 → 271.00 | +8.8% | 237.19 |
| 7 Jul 2026 | Barclays | Downgraded · Overweight → Equal Weight | 254.00 | — | 232.69 |
| 16 Jun 2026 | Raymond James David Rodgers | — | 226.00 | — | 213.50 |
| 22 May 2026 | Mizuho Securities Vikram Malhotra | — | 239.00 | — | 216.01 |
| 21 May 2026 | Scotiabank | Reiterated · Sector Outperform | 182.00 → 248.00 | +36.3% | 217.16 |
| 12 May 2026 | Jefferies Jonathan Petersen | — | 231.00 → 248.00 | +7.4% | 217.50 |
| 4 May 2026 | BMO Capital | — | 245.00 | — | 216.27 |
| 4 May 2026 | RBC Capital | Reiterated · Outperform | 230.00 → 238.00 | +3.5% | 216.91 |
| 4 May 2026 | UBS | Reiterated · Buy | 240.00 → 249.00 | +3.8% | 216.91 |
| 24 Feb 2026 | RBC Capital | — | 168.00 → 230.00 | +36.9% | 208.57 |
| 24 Feb 2026 | KeyBanc | — | 240.00 | — | 209.54 |
| 18 Feb 2026 | Morgan Stanley | — | 200.00 → 215.00 | +7.5% | 212.63 |
| 12 Feb 2026 | UBS | — | 228.00 → 240.00 | +5.3% | 208.75 |
| 12 Feb 2026 | Cantor Fitzgerald | — | 204.00 → 230.00 | +12.7% | 208.55 |
| 8 Jan 2026 | UBS Michael Goldsmith | — | 232.00 → 228.00 | -1.7% | 185.65 |
| 5 Jan 2026 | Cantor Fitzgerald | — | 200.00 → 204.00 | +2.0% | 183.00 |
| 18 Dec 2025 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 15 Dec 2025 | Jefferies | — | 231.00 | — | 190.46 |
| 4 Dec 2025 | UBS | — | 203.00 → 232.00 | +14.3% | 201.92 |
| 25 Nov 2025 | Wells Fargo | — | 200.00 → 218.00 | +9.0% | 204.09 |
| 20 Nov 2025 | Morgan Stanley | — | 200.00 | — | 196.90 |
| 5 Nov 2025 | Evercore ISI Steve Sakwa | Upgraded · In Line → Outperform | 183.00 → 208.00 | +13.7% | 184.35 |
Welltower EPS and revenue estimates
Analysts expect Welltower's EPS to grow 42.5% a year until 2028. Over the last 5 years it fell 9.8% a year, and over the last 3 years it grew 66.7%.
Analysts expect Welltower's revenue to grow 20.0% a year until 2028, about as fast as over the last 5 years (18.4% a year) and the last 3 years (22.7%).
Revenue
EPS
Does Welltower beat earnings estimates?
On average, analysts' EPS estimate was 38.5% off the result, either way, and their revenue estimate 4.4%, over the last 12 quarters.
- EPS beats
- 39 / 94
- Revenue beats
- 59 / 94
- Average EPS surprise, last 12
- -10.8%
- Since
- October 2003
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 26 Oct 2026 | 0.64 | 0.54 | -15.8% | 3.64B | 3.72B | +2.0% |
| Q2 FY2026 | 27 Jul 2026 | 0.62 | 0.61 | -1.1% | 3.40B | 3.54B | +4.2% |
| Q1 FY2026 | 28 Apr 2026 | 0.68 | 1.02 | +50.2% | 3.18B | 3.35B | +5.5% |
| Q4 FY2025 | 10 Feb 2026 | 0.58 | 0.14 | -75.7% | 2.86B | 3.18B | +11.3% |
| Q3 FY2025 | 27 Oct 2025 | 0.59 | 0.41 | -30.5% | 2.61B | 2.69B | +2.8% |
| Q2 FY2025 | 28 Jul 2025 | 0.46 | 0.46 | +1.1% | 2.47B | 2.55B | +3.3% |
| Q1 FY2025 | 28 Apr 2025 | 1.15 | 0.40 | -65.2% | 2.34B | 2.42B | +3.7% |
| Q4 FY2024 | 11 Feb 2025 | 0.40 | 0.19 | -52.5% | 2.10B | 2.25B | +7.0% |
| Q3 FY2024 | 28 Oct 2024 | 0.38 | 0.73 | +93.0% | 1.95B | 2.06B | +5.2% |
| Q2 FY2024 | 29 Jul 2024 | 0.34 | 0.42 | +21.8% | 1.89B | 1.82B | -3.4% |
| Q1 FY2024 | 29 Apr 2024 | 0.25 | 0.22 | -11.6% | 1.80B | 1.86B | +3.0% |
| Q4 FY2023 | 13 Feb 2024 | 0.27 | 0.15 | -43.4% | 1.72B | 1.75B | +1.8% |
Welltower stock price 2026–2030: scenarios
If Welltower's earnings keep growing at the 41.8% a year analysts expect to FY2028, it would earn about 8.08 a share in FY2030. At the P/E it has traded at over the last five years (79.8 to 211.5) that is 644.87 to 1,709.48 a share, or 1,080.17 at its average P/E of 133.6. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 2.83 | 225.47 | 377.66 | 597.69 |
| FY2027 | 3.27 | 260.73 | 436.73 | 691.18 |
| FY2028 | 4.02 | 320.70 | 537.18 | 850.14 |
| FY2029 (extrapolated) | 5.70 | 454.76 | 761.73 | 1,205.53 |
| FY2030 (extrapolated) | 8.08 | 644.87 | 1,080.17 | 1,709.48 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 41.8% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (79.8, 133.6, 211.5).
Is Welltower stock undervalued or overvalued?
Welltower's P/E of 119.8 is around the middle of its 5-year range (64.5 to 362.0, median 121.7). It is in line with its own history. At its usual P/E (96.0 × EPS of 2.07), Welltower's fair value is 198.75; the price, 247.95, is 24.8% above it. Its forward P/E, on the consensus for FY2026, is 87.7.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (76.1 and 152.9). The price against its P/E range
- Price to earnings ratio (TTM)
- 119.78
- Five-year median P/E
- 121.70
- Five-year P/E range
- 64.5 – 362.0
- Forward P/E (FY2026)
- 87.72
- PEG ratio
- 2.87
- To the average target
- +5.3%
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