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Piper Sandler Reiterates “Overweight” on Simon Property (SPG) on Holiday Sales Outlook

Simon Property Group, Inc. (NYSE:SPG) is one of Goldman Sachs’ top REIT stock picks. On July 8, Piper Sandler reiterated its “Overweight” rating on Simon Property Group. The firm expects better-than-consensus holiday sales, driven by retailers preparing with “near-full shelves” for the upcoming holiday season amid ongoing economic growth. The firm noted that Simon Property Group had previously guided to the midpoint of its financial guidance during Q1 2025 earnings, primarily due to tariff uncertainty and its potential impact on percentage rent thresholds.

A real estate broker viewing a commercial property as part of a loan consultation.

Despite earlier conservative guidance, Piper Sandler now sees potential upside to Simon’s funds from operations (FFO) given an “improved backdrop” for the retail environment. The positive outlook is consistent with the investment bank’s prior observations shared in its NAREIT note, reinforcing confidence in Simon Property Group’s performance heading into Q2 2025.

Simon Property Group, Inc. (NYSE:SPG) is a retail-focused REIT. It owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia. Its portfolio includes over 190 income-producing properties in the U.S., such as malls, Premium Outlets, and lifestyle centers, with additional holdings in 38 international outlet locations.

While we acknowledge the potential of SPG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SPG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Goldman Sachs Healthcare Stocks: Top 10 Stock Picks and 11 Best Green Energy Penny Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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