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    How an Earnings-Estimate Driven Zacks Upgrade At Tanger (SKT) Has Changed Its Investment Story

    Simply Wall St·12/17/2025 13:19:26
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    • Recently, Tanger was upgraded to a Zacks Rank #2 (Buy) after analysts raised their earnings estimates, signaling improved expectations for the outlet-focused REIT.
    • This shift in earnings outlook highlights how changing perceptions of Tanger’s underlying business momentum can quickly influence how investors view the company’s prospects.
    • We’ll now examine how this upgrade, driven by improving earnings estimates, may reshape Tanger’s existing investment narrative and outlook.

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    Tanger Investment Narrative Recap

    To own Tanger, I think you need to believe outlet and open air centers can keep attracting tenants and shoppers despite pressure from e commerce and newer retail formats. The Zacks Rank #2 upgrade, driven by higher earnings estimates, supports the near term earnings catalyst but does not fundamentally change the biggest risk, which remains potential pressure on long term tenant demand and rental growth if physical retail weakens.

    The company’s recent Q3 2025 results, which showed year over year growth in revenue and net income, look closely aligned with the improved earnings outlook behind the Zacks upgrade. That combination of upward estimate revisions and recent execution gives more context to why some investors see Tanger’s earnings trajectory as improving, even as issues like tenant concentration and elevated temporary leasing still hang over the story.

    Yet investors should be aware that if tenant bankruptcies or store closures accelerate, especially among Tanger’s largest national brands, ...

    Read the full narrative on Tanger (it's free!)

    Tanger's narrative projects $617.1 million revenue and $132.6 million earnings by 2028. This requires 3.2% yearly revenue growth and about a $32.9 million earnings increase from $99.7 million today.

    Uncover how Tanger's forecasts yield a $36.73 fair value, a 8% upside to its current price.

    Exploring Other Perspectives

    SKT 1-Year Stock Price Chart
    SKT 1-Year Stock Price Chart

    Three fair value estimates from the Simply Wall St Community span about US$16.94 to US$41.39 per share, underscoring how far apart individual views can be. As you weigh those opinions against the earnings focused Zacks upgrade, it is worth considering how much confidence you have that outlet foot traffic and tenant demand can hold up over time.

    Explore 3 other fair value estimates on Tanger - why the stock might be worth 50% less than the current price!

    Build Your Own Tanger Narrative

    Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.