The price target of $82 set by Evercore ISI suggests a level of performance that Agree Realty is expected to reach. This target is a financial indicator of the firm's valuation of the stock, based on its analysis of the company's fundamentals, market position, and growth prospects. Investors and market watchers will be monitoring Agree Realty's performance in the context of this new rating, as it may influence the company's stock movements and investor sentiment. The Outperform rating serves as a gauge for the market, reflecting Evercore ISI's expectations for Agree Realty Corp's future performance relative to its peers. According to InvestingPro, which offers comprehensive analysis through its Pro Research Reports available for over 1,400 US stocks, analysts have set price targets ranging from $71 to $89, with the current price suggesting the stock may be trading above its Fair Value.