What Happened?
Shares of real estate services firm Cushman & Wakefield (NYSE:CWK) jumped 8.2% in the afternoon session after Citi upgraded its rating on the stock to Buy from Neutral and set an $18 price target. The upgrade from the financial services company suggested increased confidence in the commercial real estate services firm's future.
The shares closed the day at $16.01, up 8.6% from previous close.
Is now the time to buy Cushman & Wakefield? Access our full analysis report here.
What Is The Market Telling Us
Cushman & Wakefield’s shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 4 months ago when the stock gained 5.3% on the news that it was revealed that the commercial real estate services firm represented Verizon in a major New York City headquarters lease transaction. A team from Cushman & Wakefield acted on behalf of the iconic telecommunications company in a strategic deal with Vornado Realty Trust. The 19-year lease secured nearly 200,000 square feet of office space at the PENN 2 tower. For a brokerage like Cushman & Wakefield, successfully orchestrating a long-term transaction for a high-profile client was a significant win. The news likely signaled to investors the firm’s strength in closing major deals within the competitive commercial real estate sector, which translated into substantial advisory fees and boosted confidence in its business prospects.
Cushman & Wakefield is up 28.3% since the beginning of the year, and at $16.15 per share, it is trading close to its 52-week high of $17.08 from October 2025. Investors who bought $1,000 worth of Cushman & Wakefield’s shares 5 years ago would now be looking at an investment worth $1,078.
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