
HPP Stock Forecast & Price Target
HPP Analyst Ratings
Bulls say
Hudson Pacific Properties is supported by a strengthening West Coast office rebound, with leasing momentum broadening from tech into non-tech tenants and Seattle emerging as a deeper pipeline market, while management’s spec-suite strategy targets the core small-to-midsize tenant base. The fundamentals also improve as occupancy is expected to rise to 84.2% by YE '26, a 790 bps y-o-y improvement, alongside quarterly vacancy leasing above 250k SF for eight straight quarters through YE '25 and a 2.3M SF pipeline. Additional upside comes from deleveraging and studio normalization, including $200M to $300M of 2026 asset sales, November’s $400m unsecured refinance at 6.5%, and Quixote narrowing from -$18m to -$4m.
Bears say
Hudson Pacific Properties is facing a mixed but still fragile studio backdrop: while Quixote’s focus on NY and LA could add $21M to $27M of annualized savings and LA filming showed 10.3% q/q growth in on-location shoot days, the recovery remains uneven. Financial stress among private LA sound stage operators and lenders taking back assets may create a flight-to-quality advantage, but that same consolidation also highlights weak underlying industry conditions. The reported Netflix discussions to acquire the 55-acre Radford Studio further cloud long-term demand visibility and raise concerns about tenant commitment to HPP’s studio and office assets.
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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