Jones Lang LaSalle Incorporated (JLL) Stock Price & How to Invest

Jones Lang LaSalle Incorporated, which trades on the NYSE as JLL, is a Chicago-based global commercial real estate services and investment management company operating in over 80 countries with more than 113,000 employees. It earns fees across leasing and tenant representation, property and workplace management, project management, investment sales, debt and equity advisory, valuations, real estate technology, and institutional investment management through its LaSalle arm. Its reporting is organized around segments including Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies, and LaSalle.

The investment picture is one of a large, diversified services franchise whose results split between more cyclical transactional revenue (leasing and capital markets, which are sensitive to interest rates and deal volumes) and steadier resilient revenue (property, facilities, and project management under longer contracts). After a rate-driven slowdown that began in 2022, JLL has posted several straight quarters of double-digit revenue growth as transaction activity has recovered, with full-year 2025 revenue around $26.1 billion and trailing revenue near $26.8 billion. The stock is a bet that the recovery in leasing and capital markets continues while the recurring management businesses keep compounding.

JLL's transactional businesses are cyclical and sensitive to interest rates, credit availability, and commercial real estate transaction volumes, which fell sharply during the 2022 rate-tightening cycle. Structural softness in office demand and uneven regional property markets can weigh on leasing and valuation revenue. As a global firm, JLL carries currency translation exposure and geographic concentration risks across more than 80 countries. The LaSalle segment's fees depend on asset values and fund performance, which can decline in stressed real estate markets. Broader macroeconomic slowdowns, tighter corporate spending, and competition on fees can all compress growth and margins.

10 analysts publish price targets on JLL, averaging $425.30 against a $354.67 price as of September 2026, or +19.9%. The published targets run from $315.00 to $500.00, a moderate spread, and the ratings split 8 buy, 3 hold, 1 sell. Over the last six months there have been 5 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full JLL forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Jones Lang LaSalle Incorporated. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Transactional recovery in leasing and capital markets. JLL's Advisory and Capital Markets revenues have reaccelerated, with Q1 2026 Advisory revenue up 17% in local currency and Capital Markets showing broad-based strength across investment sales and debt advisory. The most optimistic published target, $500.00, assumes this works close to its best case.

The case against. JLL's transactional businesses are cyclical and sensitive to interest rates, credit availability, and commercial real estate transaction volumes, which fell sharply during the 2022 rate-tightening cycle. The most pessimistic target, $315.00, is roughly what JLL is worth if this bites instead.

Read the full bull and bear case on JLL, including what would have to change to break either one. Walnut is not an investment adviser.

No. Jones Lang LaSalle Incorporated (JLL) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Jones Lang LaSalle Incorporated's investor relations page or your broker.

• Revenue (TTM): ~$26.8B
• FY2025 Revenue: ~$26.1B
• Market cap: ~$15B
• P/E (TTM): ~17x
• Forward P/E: ~14x
• FY2025 adj. diluted EPS: ~$18.80

As of July 2026, JLL carried a market capitalization of roughly $15 billion on trailing revenue near $26.8 billion, giving a trailing P/E around 17 and a forward P/E near 14. Enterprise value was about $18 billion with an EV/EBITDA around 11 to 12. The multiples reflect a large-cap services firm whose earnings have been rebounding from the rate-driven trough.

Other names that sit close to JLL: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get JLL exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so JLL sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where JLL fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

The investment picture for JLL is a cyclical, transaction-linked play on commercial real estate services that has been reaccelerating as leasing and capital markets activity recovers.

Whether JLL is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is JLL a buy or a sell?, and where the stock could go from here in the JLL stock forecast.

For income investors, whether JLL pays a dividend and how the payout looks is covered in does JLL pay a dividend? And to weigh JLL against a peer, read the full side-by-side comparisons: JLL vs CBRE and JLL vs CWK.