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Prologis (PLD) Stock Forecast, Price Target & Predictions

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PLD Stock Forecast

Prologis stock forecast is as follows: an average price target of $129.75 (represents a 25.58% upside from PLD’s last price of $103.32) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.

PLD Price Target

The average price target for Prologis (PLD) is $129.75 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $137.00 to $122.00. This represents a potential 25.58% upside from PLD's last price of $103.32.

PLD Analyst Ratings

Buy

According to 20 Wall Street analysts, Prologis's rating consensus is 'Buy'. The analyst rating breakdown for PLD stock is 1 'Strong Buy' (5.00%), 13 'Buy' (65.00%), 6 'Hold' (30.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Prologis Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024Caitlin BurrowsGoldman Sachs$132.00$122.507.76%27.76%
Oct 16, 2024Caitlin BurrowsGoldman Sachs$142.00$126.2312.49%37.44%
Oct 16, 2024John KimBMO Capital$122.00$127.48-4.30%18.08%
Sep 16, 2024Steve SakwaEvercore ISI$128.00$129.07-0.83%23.89%
Aug 20, 2024Steve SakwaEvercore ISI$122.00$124.70-2.17%18.08%
Aug 05, 2024Ki Bin KimTruist Financial$137.00$123.9810.50%32.60%
Jul 15, 2024John KimBMO Capital$115.00$119.83-4.03%11.30%
May 31, 2024Vikram MalhotraMizuho Securities$120.00$107.5711.56%16.14%
May 06, 2024Michael CarrollRBC Capital$124.00$105.8917.10%20.02%
Apr 18, 2024Steve SakwaEvercore ISI$123.00$106.4915.50%19.05%
Apr 17, 2024Ki Bin KimTruist Financial$142.00$107.6431.93%37.44%
Apr 17, 2024Ronald KamdemMorgan Stanley$141.00$108.3530.13%36.47%
Apr 17, 2024Michael CarrollRBC Capital$145.00$108.3533.83%40.34%
Apr 17, 2024Thomas CatherwoodBTIG$154.00$108.3542.13%49.05%
Apr 03, 2024Steve SakwaEvercore ISI$132.00$126.264.55%27.76%
Mar 18, 2024Steve SakwaEvercore ISI$136.00$128.146.13%31.63%
Oct 18, 2023Ronald KamdemMorgan Stanley$128.00$108.1318.38%23.89%
Dec 14, 2022Chandni LuthraGoldman Sachs$187.00$121.0954.43%80.99%
Oct 17, 2022Nicholas YulicoScotiabank$116.00$102.7512.90%12.27%
Oct 04, 2022Ki Bin KimTruist Financial$130.00$105.9922.65%25.82%
Aug 11, 2022Wells Fargo$163.00$134.4121.27%57.76%
Aug 03, 2022Anthony PowellBarclays$183.00$132.6837.93%77.12%
Jul 28, 2022Derek JohnstonDeutsche Bank$156.00$130.8619.21%50.99%
Jul 28, 2022Truist Financial$150.00$131.1014.42%45.18%
Jul 21, 2022Raymond James$160.00$124.5728.44%54.86%
Jun 30, 2022Jefferies$146.00$118.4723.24%41.31%
May 17, 2022Ki Bin KimTruist Financial$162.00$125.2529.34%56.79%
May 06, 2022Morgan Stanley$180.00$142.3426.46%74.22%
May 05, 2022RBC Capital$180.00$147.5821.97%74.22%
Apr 28, 2022Wells Fargo$184.00$168.489.21%78.09%
Apr 25, 2022Raymond James$190.00$168.7312.61%83.89%
Apr 22, 2022Deutsche Bank$184.00$170.607.85%78.09%
Apr 21, 2022Barclays$190.00$172.6710.04%83.89%
Jan 19, 2022John KimBMO Capital$172.00$152.8012.57%66.47%
Jan 18, 2022Ki Bin KimTruist Financial$166.00$152.648.75%60.67%
Jan 10, 2022William CrowRaymond James$180.00$152.2418.23%74.22%
Dec 15, 2021Ronald KamdemMorgan Stanley$175.00$161.738.21%69.38%
Oct 20, 2021James FeldmanBank of America Securities$161.00$142.1213.28%55.83%
Oct 19, 2021Tom CatherwoodBTIG$161.00$137.8616.79%55.83%
Jul 15, 2021Jonathan PetersenJefferies$148.00$125.1918.22%43.24%
Jul 15, 2021Vikram MalhortaMizuho Securities$131.00$125.194.64%26.79%

The latest Prologis stock forecast, released on Oct 21, 2024 by Caitlin Burrows from Goldman Sachs, set a price target of $132.00, which represents a 7.76% increase from the stock price at the time of the forecast ($122.50), and a 27.76% increase from PLD last price ($103.32).

Prologis Price Target by Period

1M3M12M
# Anlaysts-316
Avg Price Target-$132.00$132.19
Last Closing Price$103.32$103.32$103.32
Upside/Downside-100.00%27.76%27.94%

In the current month, the average price target of Prologis stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Prologis's last price of $103.32. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 11, 2024Raymond JamesStrong BuyOutperformDowngrade
Oct 21, 2024Goldman SachsNegativeNeutralDowngrade
Oct 21, 2024Goldman SachsBuyNegativeDowngrade
Oct 16, 2024Goldman SachsBuyBuyHold
Oct 16, 2024BTIGBuyBuyHold
Oct 16, 2024BarclaysOverweightOverweightHold
Oct 16, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 10, 2024ScotiabankUnderperformUnderperformHold
Oct 10, 2024Wells FargoSector OutperformSector OutperformHold
Sep 16, 2024ScotiabankUnderperformUnderperformHold
Sep 16, 2024Wells FargoSector OutperformSector OutperformHold
Sep 16, 2024Evercore ISIPositivePositiveHold
Aug 28, 2024Wells FargoOverweightOverweightHold
Aug 26, 2024RBC CapitalUnderperformUnderperformHold
Aug 26, 2024ScotiabankSector OutperformSector OutperformHold
Aug 07, 2024ScotiabankOutperformOutperformHold
Aug 05, 2024RBC CapitalUnderperformUnderperformHold
Aug 05, 2024ScotiabankSector PerformSector PerformHold
Aug 05, 2024RBC CapitalOutperformSector PerformDowngrade
Jul 30, 2024BarclaysOverweightOverweightHold
Jul 15, 2024UBSMarket PerformMarket PerformHold
Jul 15, 2024ScotiabankUnderperformUnderperformHold
Jul 15, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 25, 2024KeyBancSector WeightSector WeightHold
May 16, 2024UBSMarket PerformMarket PerformHold
May 16, 2024ScotiabankUnderperformUnderperformHold
Apr 17, 2024CitigroupBuyBuyHold
Apr 17, 2024Morgan StanleyOverweightOverweightHold
Apr 17, 2024RBC CapitalOutperformOutperformHold
Apr 17, 2024BTIGBuyBuyHold
Apr 03, 2024BMO CapitalOutperformOutperformHold
Mar 27, 2024BarclaysOverweightOverweightHold
Feb 16, 2024ScotiabankStrong BuyStrong BuyHold
Jan 10, 2024Truist FinancialSector OutperformSector OutperformHold
Dec 18, 2023WedbushOverweightUpgrade
Oct 18, 2023Morgan StanleyOverweightOverweightHold
Jul 20, 2023Exane BNP ParibasOutperformUpgrade
Jun 28, 2023Wells FargoBuyBuyHold
Dec 16, 2022Piper SandlerNeutralDowngrade
Dec 16, 2022National Securities CorporationOverweightUpgrade
Dec 14, 2022Deutsche BankBuyBuyHold
Oct 17, 2022ScotiabankOutperformUpgrade
Oct 17, 2022Credit SuisseOutperformNeutralDowngrade
Oct 17, 2022Morgan StanleyEqual-WeightDowngrade
Oct 17, 2022ScotiabankSector OutperformUpgrade
Sep 27, 2022New StreetOutperformUpgrade
Sep 27, 2022UBSNeutralDowngrade
Sep 27, 2022Credit SuisseOutperformUpgrade
Sep 27, 2022Evercore ISIOutperformUpgrade
Aug 23, 2022Wolfe ResearchOutperformUpgrade
Aug 11, 2022Wells FargoOverweightOverweightHold
Aug 03, 2022BarclaysOverweightOverweightHold
Jul 28, 2022Deutsche BankBuyBuyHold
Jul 21, 2022Raymond JamesStrong BuyStrong BuyHold
Jun 30, 2022JefferiesBuyBuyHold
May 23, 2022CFRAStrong BuyUpgrade
Apr 28, 2022Wells FargoOverweightOverweightHold
Nov 25, 2021RBC CapitalOutperformOutperformHold

Prologis's last stock rating was published by Raymond James on Dec 11, 2024. The company Downgrade its PLD rating from "Strong Buy" to "Outperform".

Prologis Financial Forecast

Prologis Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$1.91B$2.45B$1.77B$1.75B$1.75B$1.25B$1.22B$1.28B$1.18B$1.15B$1.15B$1.11B$1.08B$1.27B$978.24M$826.02M$942.18M
Avg Forecast$1.91B$1.88B$1.86B$1.83B$2.12B$2.07B$2.04B$1.97B$1.96B$1.91B$1.86B$1.84B$1.82B$1.71B$1.70B$1.63B$1.42B$1.15B$1.11B$1.08B$1.05B$1.04B$1.01B$986.59M$991.89M$935.31M$895.73M$858.90M$720.28M$715.30M
High Forecast$1.99B$1.96B$1.93B$1.90B$2.20B$2.15B$2.12B$1.98B$1.97B$1.91B$1.86B$1.84B$1.85B$1.77B$1.77B$1.69B$1.47B$1.19B$1.15B$1.13B$1.09B$1.08B$1.05B$1.02B$1.03B$970.57M$929.50M$891.28M$747.43M$742.26M
Low Forecast$1.88B$1.85B$1.82B$1.79B$2.08B$2.03B$2.00B$1.94B$1.95B$1.91B$1.86B$1.84B$1.80B$1.67B$1.67B$1.60B$1.39B$1.13B$1.08B$1.06B$1.03B$1.02B$993.30M$967.73M$972.92M$917.43M$878.61M$842.48M$706.51M$701.62M
# Analysts222211146354845443435454999955
Surprise %-------------1.12%1.44%1.08%1.23%1.52%1.13%1.12%1.21%1.14%1.14%1.16%1.12%1.16%1.41%1.14%1.15%1.32%

Prologis's average Quarter revenue forecast for Dec 23 based on 8 analysts is $1.82B, with a low forecast of $1.80B, and a high forecast of $1.85B. PLD's average Quarter revenue forecast represents a -5.03% decrease compared to the company's last Quarter revenue of $1.91B (Sep 23).

Prologis EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211146354845443435454999955
EBITDA-------------$1.17B$1.59B$1.25B$1.28B$1.33B$915.65M$885.36M$1.73B$1.24B$1.11B$861.64M$797.28M$802.16M$932.18M$943.94M$744.18M$807.73M
Avg Forecast$1.43B$1.41B$1.39B$1.37B$1.59B$1.55B$1.53B$1.48B$1.47B$1.43B$1.39B$1.59B$1.36B$1.28B$1.27B$1.44B$1.06B$832.62M$800.17M$785.00M$763.31M$750.14M$732.91M$693.51M$717.87M$676.93M$648.28M$743.71M$521.30M$517.69M
High Forecast$1.49B$1.47B$1.45B$1.42B$1.65B$1.61B$1.59B$1.49B$1.47B$1.43B$1.39B$1.90B$1.39B$1.33B$1.32B$1.73B$1.11B$864.01M$830.33M$814.59M$792.08M$778.42M$760.53M$832.22M$744.93M$702.44M$672.72M$892.45M$540.95M$537.21M
Low Forecast$1.41B$1.39B$1.36B$1.34B$1.56B$1.52B$1.50B$1.45B$1.46B$1.43B$1.39B$1.27B$1.35B$1.25B$1.25B$1.15B$1.04B$816.70M$784.88M$770.00M$748.71M$735.80M$718.90M$554.81M$704.15M$663.99M$635.89M$594.97M$511.33M$507.80M
Surprise %-------------0.91%1.25%0.87%1.20%1.59%1.14%1.13%2.27%1.65%1.52%1.24%1.11%1.19%1.44%1.27%1.43%1.56%

8 analysts predict PLD's average Quarter EBITDA for Dec 23 to be $1.36B, with a high of $1.39B and a low of $1.35B. This is 16.87% upper than Prologis's previous annual EBITDA (Sep 23) of $1.17B.

Prologis Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211146354845443435454999955
Net Income-------------$746.17M$1.44B$464.62M$587.21M$1.02B$611.39M$1.15B$1.30B$723.54M$600.18M$367.35M$281.89M$302.69M$406.17M$491.05M$386.99M$452.15M
Avg Forecast$649.85M$649.06M$578.22M$561.13M$707.85M$690.40M$640.54M$627.30M$676.15M$626.16M$587.77M$1.11B$560.94M$573.06M$938.59M$1.01B$1.08B$1.23B$617.84M$919.40M$672.89M$449.68M$408.86M$295.67M$371.04M$290.97M$452.68M$386.89M$389.67M$502.53M
High Forecast$683.16M$682.32M$607.86M$589.89M$744.13M$725.78M$673.36M$636.39M$685.94M$629.73M$587.87M$1.33B$578.75M$602.43M$986.69M$1.21B$1.29B$1.23B$648.12M$1.10B$705.86M$471.71M$428.89M$354.80M$389.22M$305.23M$474.87M$464.27M$408.77M$527.15M
Low Forecast$633.67M$632.89M$563.82M$547.15M$690.23M$673.21M$624.59M$622.75M$659.31M$622.59M$587.66M$889.98M$552.04M$558.79M$915.22M$809.07M$860.74M$1.22B$602.49M$735.52M$656.17M$438.50M$398.70M$236.54M$361.82M$283.74M$441.42M$309.51M$379.99M$490.04M
Surprise %-------------1.30%1.53%0.46%0.55%0.83%0.99%1.25%1.93%1.61%1.47%1.24%0.76%1.04%0.90%1.27%0.99%0.90%

Prologis's average Quarter net income forecast for Dec 23 is $560.94M, with a range of $552.04M to $578.75M. PLD's average Quarter net income forecast represents a -24.82% decrease compared to the company's last Quarter net income of $746.17M (Sep 23).

Prologis SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211146354845443435454999955
SG&A-------------$96.67M$95.65M$99.78M$85.42M$87.90M$83.11M$74.65M$73.82M$66.97M$74.34M$78.03M$66.14M$74.35M$64.66M$69.69M$65.54M$65.20M
Avg Forecast$117.67M$115.97M$114.17M$112.49M$130.34M$127.51M$125.23M$121.42M$120.37M$117.34M$114.54M$72.26M$111.89M$104.96M$104.66M$65.69M$63.61M$70.79M$68.03M$59.72M$64.90M$63.78M$62.31M$62.81M$61.04M$57.56M$55.12M$54.91M$44.32M$44.02M
High Forecast$122.31M$120.54M$118.67M$116.93M$135.47M$132.53M$130.17M$122.03M$120.99M$117.35M$114.54M$86.71M$113.78M$109.10M$108.79M$78.83M$76.33M$73.46M$70.60M$71.66M$67.35M$66.18M$64.66M$75.37M$63.34M$59.72M$57.20M$65.89M$45.99M$45.68M
Low Forecast$115.42M$113.75M$111.98M$110.34M$127.84M$125.07M$122.83M$119.09M$119.75M$117.32M$114.54M$57.81M$110.63M$102.95M$102.66M$52.55M$50.89M$69.44M$66.73M$47.77M$63.66M$62.56M$61.12M$50.24M$59.87M$56.45M$54.07M$43.93M$43.48M$43.17M
Surprise %-------------0.92%0.91%1.52%1.34%1.24%1.22%1.25%1.14%1.05%1.19%1.24%1.08%1.29%1.17%1.27%1.48%1.48%

Prologis's average Quarter SG&A projection for Dec 23 is $111.89M, based on 8 Wall Street analysts, with a range of $110.63M to $113.78M. The forecast indicates a 15.74% rise compared to PLD last annual SG&A of $96.67M (Sep 23).

Prologis EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts222211146354845443435454999955
EPS-------------$0.81$1.56$0.50$0.53$1.37$0.82$1.55$1.76$0.98$0.81$0.50$0.36$0.40$0.55$0.70$0.60$0.71
Avg Forecast$0.68$0.68$0.61$0.59$0.74$0.72$0.67$0.66$0.71$0.66$0.62$0.58$0.59$0.60$0.98$0.56$0.61$1.29$0.65$0.68$0.71$0.47$0.43$0.37$0.39$0.31$0.47$0.36$0.41$0.53
High Forecast$0.72$0.72$0.64$0.62$0.78$0.76$0.71$0.67$0.72$0.66$0.62$0.58$0.61$0.63$1.03$0.59$0.64$1.29$0.68$0.71$0.74$0.49$0.45$0.39$0.41$0.32$0.50$0.37$0.43$0.55
Low Forecast$0.66$0.66$0.59$0.57$0.72$0.71$0.65$0.65$0.69$0.65$0.62$0.58$0.58$0.59$0.96$0.55$0.59$1.28$0.63$0.66$0.69$0.46$0.42$0.36$0.38$0.30$0.46$0.35$0.40$0.51
Surprise %-------------1.35%1.59%0.89%0.87%1.06%1.27%2.28%2.49%2.08%1.89%1.34%0.93%1.31%1.16%1.97%1.47%1.35%

According to 8 Wall Street analysts, Prologis's projected average Quarter EPS for Dec 23 is $0.59, with a low estimate of $0.58 and a high estimate of $0.61. This represents a -27.40% decrease compared to PLD previous annual EPS of $0.81 (Sep 23).

Prologis Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
IIPRInnovative Industrial Properties$101.26$129.0027.39%Hold
PLYMPlymouth Industrial REIT$19.10$24.0025.65%Buy
LXPLXP Industrial Trust$8.78$11.0025.28%Buy
STAGSTAG Industrial$35.38$43.5022.95%Buy
EGPEastGroup Properties$167.72$201.6720.24%Buy
PLDPrologis$108.87$129.7519.18%Buy
TRNOTerreno Realty$61.98$73.3318.31%Buy
CUBECubeSmart$45.54$52.6715.66%Buy
FRFirst Industrial Realty Trust$52.01$59.0013.44%Hold
EXRExtra Space Storage$154.49$172.5711.70%Buy
PSAPublic Storage$313.36$346.0010.42%Buy
NSANational Storage Affiliates Trust$41.15$41.671.26%Hold

PLD Forecast FAQ

Is Prologis a good buy?

Yes, according to 20 Wall Street analysts, Prologis (PLD) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 13 'Buy' recommendations, accounting for 70.00% of PLD's total ratings.

What is PLD's price target?

Prologis (PLD) average price target is $129.75 with a range of $122 to $137, implying a 25.58% from its last price of $103.32. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Prologis stock go up soon?

According to Wall Street analysts' prediction for PLD stock, the company can go up by 25.58% (from the last price of $103.32 to the average price target of $129.75), up by 32.60% based on the highest stock price target, and up by 18.08% based on the lowest stock price target.

Can Prologis stock reach $200?

PLD's average twelve months analyst stock price target of $129.75 does not support the claim that Prologis can reach $200 in the near future.

What are Prologis's analysts' financial forecasts?

Prologis's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $8.2B (high $8.45B, low $8.04B), average EBITDA is $6.14B (high $6.34B, low $6.03B), average net income is $2.67B (high $2.78B, low $2.61B), average SG&A $504.49M (high $520.21M, low $494.83M), and average EPS is $2.8 (high $2.91, low $2.74). PLD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.48B (high $7.78B, low $7.34B), average EBITDA is $5.61B (high $5.83B, low $5.5B), average net income is $2.44B (high $2.56B, low $2.38B), average SG&A $460.3M (high $478.45M, low $451.49M), and average EPS is $2.56 (high $2.69, low $2.49).

Did the PLD's actual financial results beat the analysts' financial forecasts?

Based on Prologis's last annual report (Dec 2023), the company's revenue was $8.02B, beating the average analysts forecast of $6.85B by 17.05%. Apple's EBITDA was $4.69B, missing the average prediction of $5.36B by -12.54%. The company's net income was $3.05B, missing the average estimation of $3.08B by -0.99%. Apple's SG&A was $390.41M, beating the average forecast of $387.2M by 0.83%. Lastly, the company's EPS was $3.3, beating the average prediction of $2.73 by 20.70%. In terms of the last quarterly report (Sep 2023), Prologis's revenue was $1.91B, beating the average analysts' forecast of $1.71B by 12.25%. The company's EBITDA was $1.17B, missing the average prediction of $1.28B by -8.79%. Prologis's net income was $746.17M, beating the average estimation of $573.06M by 30.21%. The company's SG&A was $96.67M, missing the average forecast of $104.96M by -7.90%. Lastly, the company's EPS was $0.81, beating the average prediction of $0.601 by 34.82%