Yes, you can modify or update the values of objects in the list in your case likewise:
users.stream().forEach(u -> u.setProperty("some_value"))
However, the above statement will make updates on the source objects. Which may not be acceptable in most cases.
Luckily, we do have another way like:
List<Users> updatedUsers = users.stream().map(u -> u.setProperty("some_value")).collect(Collectors.toList());
Which returns an updated list back, without hampering the old one.