Keefe, Bruyette & Woods Cuts JLL Price Target to $385

Keefe, Bruyette & Woods has reiterated its Outperform rating on Jones Lang LaSalle, adjusting the price target to $385, a 23.31% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:25 PM EDT

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Keefe, Bruyette & Woods cut its price target on Jones Lang LaSalle Incorporated ($JLL) to $385 from $415 on October 9, 2026, and rates the stock "Outperform".

Since the rating, $JLL is up 1.9% after 1 week and up 1.9% to date (from the $299.87 close on Oct 9, 2026).

JLL Jones Lang LaSalle Incorporated

$305.51 -9.03% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Keefe, Bruyette & Woods reiterated its Outperform rating on Jones Lang LaSalle (JLL) with a new price target of $385, down from $415.
Keefe, Bruyette & Woods's $385 price target implies 23.31% upside from Jones Lang LaSalle Incorporated's ($JLL) current $312.21 share price.
As of October 16, 2026, JLL shares traded recently around $312.21, which is about 18.9% below the new analyst target.
JLL is set to report its next earnings on November 4, 2026, following a year-over-year revenue growth of 10.8%.

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Keefe, Bruyette & Woods has reiterated its Outperform rating on Jones Lang LaSalle Incorporated (JLL) on October 9, 2026, adjusting the price target to $385 from a prior target of $415. This change indicates a shift in the firm's expectations for the real estate services company, reflecting recent business performance and market conditions.

Other Institutional Activity in JLL

Several other institutional investors have also made adjustments to their holdings in JLL. BlackRock Inc. grew its holdings by 23,679 shares, ending with 4,666,603 shares valued at about $1.43 billion. FMR, LLC added 423,683 shares, bringing its total to 3,117,154 shares worth approximately $952.5 million. Meanwhile, Vanguard Portfolio Management LLC reduced its stake by 10,870 shares, leaving it with 4,337,327 shares valued at around $1.33 billion.

Jones Lang LaSalle Incorporated Stock Down 7.2%

JLL shares recently traded around $312.21 as of October 16, 2026. This price is approximately 18.9% below the new target set by Keefe, Bruyette & Woods, indicating potential upside if the target is met. The stock has shown resilience in recent months, with a 10.8% year-over-year revenue growth reported in its last earnings.

12-month forecast

$JLL price target

Jones Lang LaSalle Incorporated daily closes and this analyst's $385 target. Not advice.

Recent Earnings

In its trailing twelve months, JLL reported revenue of approximately $27.43 billion and an earnings per share (EPS) of $20.86. The company's next earnings report is expected on November 4, 2026, which may provide further insights into its financial health.

Insider Buying and Selling at Jones Lang LaSalle Incorporated

Chief Executive Officer Christian Ulbrich sold a total of 8,000 shares on various dates in August 2026. These transactions included sales of 2,000 shares at $375 each on August 14 and August 18, as well as 4,000 shares on August 20 with an undisclosed price. Additionally, he sold another 2,000 shares at $386.99 on August 21. These sales were not part of a planned trading strategy.

Analysts Set New Price Targets

On October 9, 2026, Keefe, Bruyette & Woods maintained its Outperform rating for JLL with a new price target of $385, down from $415. Prior to this, Barclays also maintained its Equal-Weight rating with a target increase to $401 on August 17, 2026. The consensus among analysts suggests a cautious optimism around JLL's performance moving forward.

About JLL

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It focuses on buying, building, occupying, managing, and investing in various property types across the globe, including office, industrial, and retail spaces. The recent adjustments in ratings and targets from analysts highlight the company's strategic positioning in the real estate market.

Bottom Line

Investors will be watching closely for JLL's next earnings report scheduled for November 4, 2026, which may provide further insights into its financial health. The adjustments in analyst ratings and price targets suggest a need for caution, but the positive revenue growth indicates potential for recovery.