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 $145.67 (represents a 12.07% upside from PLD’s last price of $129.98) 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 $145.67 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $187.00 to $115.00. This represents a potential 12.07% upside from PLD's last price of $129.98.

PLD Analyst Ratings


Buy

According to 20 Wall Street analysts, Prologis's rating consensus is 'Buy'. The analyst rating breakdown for PLD stock is 2 'Strong Buy' (10.00%), 13 'Buy' (65.00%), 5 'Hold' (25.00%), 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
Aug 20, 2024Steve SakwaEvercore ISI$122.00$124.70-2.17%-6.14%
Aug 05, 2024Ki Bin KimTruist Financial$137.00$123.9810.50%5.40%
Jul 15, 2024John KimBMO Capital$115.00$119.83-4.03%-11.52%
May 31, 2024Vikram MalhotraMizuho Securities$120.00$107.5711.56%-7.68%
May 06, 2024Michael CarrollRBC Capital$124.00$105.8917.10%-4.60%
Apr 18, 2024Steve SakwaEvercore ISI$123.00$106.4915.50%-5.37%
Apr 17, 2024Ki Bin KimTruist Financial$142.00$107.6431.93%9.25%
Apr 17, 2024Ronald KamdemMorgan Stanley$141.00$108.3530.13%8.48%
Apr 17, 2024Michael CarrollRBC Capital$145.00$108.3533.83%11.56%
Apr 17, 2024Thomas CatherwoodBTIG$154.00$108.3542.13%18.48%
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The latest Prologis stock forecast, released on Aug 20, 2024 by Steve Sakwa from Evercore ISI, set a price target of $122.00, which represents a -2.17% decrease from the stock price at the time of the forecast ($124.70), and a -6.14% decrease from PLD last price ($129.98).

Prologis Price Target by Period


1M3M12M
# Anlaysts1313
Avg Price Target$122.00$124.67$132.23
Last Closing Price$129.98$129.98$129.98
Upside/Downside-6.14%-4.09%1.73%

In the current month, the average price target of Prologis stock is $122.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -6.14% decrease as opposed to Prologis's last price of $129.98. This month's average price target is down -2.14% compared to last quarter, and down -7.74% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 28, 2024Wells FargoOverweightOverweightHold
Aug 26, 2024ScotiabankSector OutperformSector OutperformHold
Aug 26, 2024RBC CapitalUnderperformUnderperformHold
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
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Prologis's last stock rating was published by Wells Fargo on Aug 28, 2024. The company gave PLD a "Overweight" rating, the same as its previous rate.

Prologis Financial Forecast


Prologis Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$1.91B$2.45B$1.77B$1.75B$1.75B-$1.22B$1.28B$1.18B$1.15B$1.15B$1.11B$1.08B$1.27B$978.24M$826.02M$942.18M
Avg Forecast$2.36B$2.32B$2.27B$2.23B$2.11B$2.06B$2.03B$2.00B$1.95B$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$2.52B$2.47B$2.43B$2.39B$2.25B$2.20B$2.17B$2.14B$2.08B$1.92B$1.99B$1.96B$1.85B$1.82B$1.82B$1.74B$1.52B$1.23B$1.11B$1.14B$1.11B$1.09B$1.06B$1.04B$1.04B$983.63M$942.01M$903.28M$757.49M$752.25M
Low Forecast$2.29B$2.24B$2.20B$2.16B$2.04B$2.00B$1.97B$1.94B$1.89B$1.85B$1.80B$1.78B$1.80B$1.65B$1.65B$1.58B$1.37B$1.11B$1.11B$1.05B$1.02B$1.00B$980.89M$955.64M$960.77M$905.97M$867.63M$831.96M$697.68M$692.86M
# Analysts44443333454484544353641016118812712
Surprise %-------------1.12%1.44%1.08%1.23%1.52%-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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443333454484544353641016118812712
EBITDA-------------$1.17B$1.59B$1.25B$1.28B$1.33B-$885.36M$1.73B$1.24B$1.11B$861.64M$797.28M$802.16M$932.18M$943.94M$744.18M$807.73M
Avg Forecast$1.71B$1.68B$1.65B$1.62B$1.52B$1.49B$1.47B$1.45B$1.41B$1.38B$1.35B$1.59B$1.32B$1.23B$1.23B$1.44B$1.03B$832.62M$800.17M$785.00M$763.31M$750.14M$732.91M$693.51M$752.98M$569.28M$770.06M$743.71M$398.80M$499.78M
High Forecast$1.83B$1.79B$1.76B$1.73B$1.63B$1.59B$1.57B$1.55B$1.51B$1.39B$1.44B$1.90B$1.34B$1.32B$1.31B$1.73B$1.10B$889.00M$800.17M$825.56M$802.74M$788.89M$770.77M$832.22M$903.58M$683.13M$924.07M$892.45M$478.56M$599.74M
Low Forecast$1.66B$1.62B$1.59B$1.57B$1.48B$1.45B$1.43B$1.40B$1.37B$1.34B$1.31B$1.27B$1.30B$1.20B$1.19B$1.15B$995.13M$806.77M$800.17M$760.38M$739.36M$726.61M$709.92M$554.81M$602.39M$455.42M$616.05M$594.97M$319.04M$399.83M
Surprise %-------------0.94%1.29%0.87%1.25%1.59%-1.13%2.27%1.65%1.52%1.24%1.06%1.41%1.21%1.27%1.87%1.62%

8 analysts predict PLD's average Quarter EBITDA for Dec 23 to be $1.32B, with a high of $1.34B and a low of $1.30B. This is 12.87% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443333454484544353641016118812712
Net Income-------------$746.17M$1.44B$464.62M$587.21M$1.02B-$1.15B$1.30B$723.54M$600.18M$367.35M$281.89M$302.69M$406.17M$491.05M$386.99M$452.15M
Avg Forecast$1.01B$976.31M$956.46M$873.76M$775.11M$741.36M$708.26M$658.87M$666.84M$615.60M$587.39M$1.11B$560.58M$572.69M$937.99M$1.01B$579.29M$788.16M$617.91M$919.40M$978.12M$716.51M$588.05M$295.67M$266.23M$214.82M$335.53M$386.89M$207.39M$279.77M
High Forecast$1.10B$1.06B$1.04B$950.67M$843.34M$806.62M$770.60M$716.86M$725.54M$620.06M$639.09M$1.33B$578.37M$623.11M$1.02B$1.21B$630.28M$945.80M$617.91M$1.10B$1.17B$859.82M$705.66M$354.80M$319.48M$257.78M$402.64M$464.27M$248.86M$335.72M
Low Forecast$971.40M$936.89M$917.86M$838.49M$743.82M$711.43M$679.67M$632.28M$639.92M$611.13M$563.67M$889.98M$551.68M$549.58M$900.13M$809.07M$555.91M$630.53M$617.91M$735.52M$782.49M$573.21M$470.44M$236.54M$212.99M$171.85M$268.43M$309.51M$165.91M$223.81M
Surprise %-------------1.30%1.53%0.46%1.01%1.29%-1.25%1.33%1.01%1.02%1.24%1.06%1.41%1.21%1.27%1.87%1.62%

Prologis's average Quarter net income forecast for Dec 23 is $560.58M, with a range of $551.68M to $578.37M. PLD's average Quarter net income forecast represents a -24.87% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443333454484544353641016118812712
SG&A-------------$96.67M$95.65M$99.78M$85.42M$87.90M-$74.65M$73.82M$66.97M$74.34M$78.03M$66.14M$74.35M$64.66M$69.69M$65.54M$65.20M
Avg Forecast$145.51M$142.56M$139.96M$137.49M$129.53M$126.87M$125.16M$123.21M$119.98M$117.31M$114.54M$72.26M$111.89M$104.96M$104.66M$65.69M$87.32M$72.95M$68.03M$59.72M$57.83M$66.32M$72.84M$62.81M$62.47M$52.76M$53.42M$54.91M$35.12M$40.34M
High Forecast$155.36M$152.21M$149.44M$146.80M$138.30M$135.46M$133.63M$131.55M$128.10M$117.92M$122.29M$86.71M$113.78M$112.07M$111.75M$78.83M$93.23M$87.54M$68.03M$71.66M$69.39M$79.58M$87.41M$75.37M$74.96M$63.32M$64.10M$65.89M$42.15M$48.41M
Low Forecast$140.99M$138.13M$135.61M$133.22M$125.51M$122.93M$121.27M$119.38M$116.25M$113.66M$110.98M$57.81M$110.63M$101.70M$101.41M$52.55M$84.61M$58.36M$68.03M$47.77M$46.26M$53.06M$58.27M$50.24M$49.98M$42.21M$42.73M$43.93M$28.10M$32.27M
Surprise %-------------0.92%0.91%1.52%0.98%1.20%-1.25%1.28%1.01%1.02%1.24%1.06%1.41%1.21%1.27%1.87%1.62%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443333454484544353641016118812712
EPS-------------$0.81$1.56$0.50$0.53$1.37-$1.55$1.76$0.98$0.81$0.50$0.36$0.40$0.55$0.70$0.60$0.71
Avg Forecast$1.06$1.02$1.00$0.92$0.81$0.78$0.74$0.69$0.70$0.65$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$1.16$1.11$1.09$1.00$0.88$0.85$0.81$0.75$0.76$0.65$0.67$0.63$0.61$0.65$1.07$0.61$0.66$1.40$0.65$0.73$0.75$0.50$0.46$0.40$0.42$0.33$0.51$0.38$0.44$0.56
Low Forecast$1.02$0.98$0.96$0.88$0.78$0.75$0.71$0.66$0.67$0.64$0.59$0.56$0.58$0.58$0.94$0.54$0.58$1.24$0.65$0.65$0.68$0.45$0.41$0.36$0.37$0.29$0.46$0.34$0.39$0.51
Surprise %-------------1.35%1.59%0.89%0.87%1.06%-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
LXPLXP Industrial Trust$10.16$14.0037.80%Buy
PLDPrologis$129.98$145.6712.07%Buy
PLYMPlymouth Industrial REIT$23.10$25.409.96%Buy
FRFirst Industrial Realty Trust$56.34$60.226.89%Buy
IIPRInnovative Industrial Properties$129.16$136.675.81%Hold
NSANational Storage Affiliates Trust$47.66$49.002.81%Hold
EGPEastGroup Properties$187.50$189.601.12%Buy
STAGSTAG Industrial$40.04$39.69-0.87%Buy
LSILife Storage$133.10$131.14-1.47%Buy
TRNOTerreno Realty$69.53$66.40-4.50%Buy
EXRExtra Space Storage$177.90$169.56-4.69%Buy
PSAPublic Storage$359.16$333.09-7.26%Buy
CUBECubeSmart$54.00$48.88-9.48%Buy

PLD Forecast FAQ


Yes, according to 20 Wall Street analysts, Prologis (PLD) is considered a 'Buy'. The rating consensus is based on 2 'Strong Buy' and 13 'Buy' recommendations, accounting for 75.00% of PLD's total ratings.

Prologis (PLD) average price target is $145.67 with a range of $115 to $187, implying a 12.07% from its last price of $129.98. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PLD stock, the company can go up by 12.07% (from the last price of $129.98 to the average price target of $145.67), up by 43.87% based on the highest stock price target, and down by -11.52% based on the lowest stock price target.

PLD's average twelve months analyst stock price target of $145.67 does not support the claim that Prologis can reach $200 in the near future.

1 Wall Street analyst forecast a $122 price target for Prologis (PLD) this month, down -6.14% from its last price of $129.98. Compared to the last 3 and 12 months, the average price target decreased by -4.09% and increased by 1.73%, respectively.

Prologis's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $8.2B (high $8.76B, low $7.95B), average EBITDA is $5.94B (high $6.34B, low $5.75B), average net income is $2.88B (high $3.14B, low $2.77B), average SG&A $504.77M (high $538.95M, low $489.09M), and average EPS is $3.03 (high $3.29, low $2.9). PLD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $9.19B (high $9.81B, low $8.9B), average EBITDA is $6.65B (high $7.1B, low $6.44B), average net income is $3.82B (high $4.15B, low $3.66B), average SG&A $565.52M (high $603.81M, low $547.96M), and average EPS is $4.01 (high $4.36, low $3.84).

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 $5.22B by -10.30%. The company's net income was $3.05B, missing the average estimation of $3.08B by -0.95%. 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 $1.23B by -5.56%. Prologis's net income was $746.17M, beating the average estimation of $572.69M by 30.29%. 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%