Prologis (PLD) Stock Forecast, Price Target & Predictions
PLD Stock Forecast
Prologis stock forecast is as follows: an average price target of $142.87 (represents a 24.73% upside from PLD’s last price of $114.54) 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 $142.87 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $183.00 to $116.00. This represents a potential 24.73% upside from PLD's last price of $114.54.
PLD Analyst Ratings
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%), 12 'Buy' (60.00%), 6 'Hold' (30.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Prologis Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Caitlin Burrows | Goldman Sachs | $132.00 | $122.50 | 7.76% | 15.24% |
| Oct 16, 2024 | Caitlin Burrows | Goldman Sachs | $142.00 | $126.23 | 12.49% | 23.97% |
| Oct 16, 2024 | John Kim | BMO Capital | $122.00 | $127.48 | -4.30% | 6.51% |
| Sep 16, 2024 | Steve Sakwa | Evercore ISI | $128.00 | $129.07 | -0.83% | 11.75% |
| Aug 20, 2024 | Steve Sakwa | Evercore ISI | $122.00 | $124.70 | -2.17% | 6.51% |
| Aug 05, 2024 | Ki Bin Kim | Truist Financial | $137.00 | $123.98 | 10.50% | 19.61% |
| Jul 15, 2024 | John Kim | BMO Capital | $115.00 | $119.83 | -4.03% | 0.40% |
| May 31, 2024 | Vikram Malhotra | Mizuho Securities | $120.00 | $107.57 | 11.56% | 4.77% |
| May 06, 2024 | Michael Carroll | RBC Capital | $124.00 | $105.89 | 17.10% | 8.26% |
| Apr 18, 2024 | Steve Sakwa | Evercore ISI | $123.00 | $106.49 | 15.50% | 7.39% |
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 15.24% increase from PLD last price ($114.54).
Prologis Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 16 |
| Avg Price Target | - | $131.00 | $132.19 |
| Last Closing Price | $114.54 | $114.54 | $114.54 |
| Upside/Downside | -100.00% | 14.37% | 15.41% |
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 $114.54. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Goldman Sachs | Negative | Neutral | Downgrade |
| Oct 21, 2024 | Goldman Sachs | Buy | Negative | Downgrade |
| Oct 16, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Oct 16, 2024 | BTIG | Buy | Buy | Hold |
| Oct 16, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 16, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 10, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Oct 10, 2024 | Wells Fargo | Sector Outperform | Sector Outperform | Hold |
| Sep 16, 2024 | Wells Fargo | Sector Outperform | Sector Outperform | Hold |
| Sep 16, 2024 | Scotiabank | Underperform | Underperform | Hold |
Prologis's last stock rating was published by Goldman Sachs on Oct 21, 2024. The company Downgrade its PLD rating from "Negative" to "Neutral".
Prologis Financial Forecast
Prologis Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $1.94B | $1.91B | $1.87B | $1.84B | $2.11B | $2.07B | $2.03B | $1.96B | $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 | $1.97B | $1.93B | $1.89B | $1.86B | $2.13B | $2.09B | $2.05B | $1.98B | $1.96B | $1.91B | $1.86B | $1.84B | $1.85B | $1.72B | $1.72B | $1.65B | $1.43B | $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 | $1.92B | $1.88B | $1.85B | $1.81B | $2.08B | $2.04B | $2.00B | $1.95B | $1.94B | $1.91B | $1.86B | $1.84B | $1.80B | $1.68B | $1.68B | $1.61B | $1.40B | $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 |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 | $1.42B | $1.40B | $1.37B | $1.35B | $1.54B | $1.52B | $1.49B | $1.43B | $1.42B | $1.40B | $1.36B | $1.59B | $1.33B | $1.25B | $1.25B | $1.44B | $1.04B | $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 | $1.44B | $1.41B | $1.39B | $1.36B | $1.56B | $1.53B | $1.50B | $1.45B | $1.43B | $1.40B | $1.36B | $1.90B | $1.35B | $1.26B | $1.26B | $1.73B | $1.05B | $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 | $1.40B | $1.38B | $1.35B | $1.33B | $1.52B | $1.50B | $1.47B | $1.43B | $1.42B | $1.40B | $1.36B | $1.27B | $1.32B | $1.23B | $1.23B | $1.15B | $1.02B | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 1.27% | 0.87% | 1.23% | 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 $1.33B, with a high of $1.35B and a low of $1.32B. This is 14.19% upper than Prologis's previous annual EBITDA (Sep 23) of $1.17B.
Prologis Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 | $724.54M | $704.71M | $654.85M | $641.61M | $710.94M | $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 | $659.27M | $658.46M | $586.59M | $569.25M | $735.04M | $714.91M | $664.33M | $650.84M | $731.40M | $629.73M | $587.87M | $1.33B | $578.75M | $581.36M | $952.18M | $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 | $638.33M | $637.55M | $567.97M | $551.18M | $711.70M | $692.21M | $643.23M | $636.99M | $705.83M | $622.59M | $587.66M | $889.98M | $552.04M | $562.89M | $921.95M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 | $119.63M | $117.50M | $115.25M | $113.21M | $129.65M | $127.44M | $124.93M | $120.39M | $119.76M | $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 | $120.96M | $118.81M | $116.53M | $114.48M | $131.09M | $128.86M | $126.32M | $121.73M | $120.38M | $117.35M | $114.54M | $86.71M | $113.78M | $106.13M | $105.83M | $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 | $117.99M | $115.89M | $113.67M | $111.67M | $127.88M | $125.70M | $123.23M | $119.78M | $119.14M | $117.32M | $114.54M | $57.81M | $110.63M | $103.53M | $103.23M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| 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 | $0.76 | $0.74 | $0.69 | $0.67 | $0.75 | $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 | $0.69 | $0.69 | $0.61 | $0.60 | $0.77 | $0.75 | $0.70 | $0.68 | $0.77 | $0.66 | $0.62 | $0.58 | $0.61 | $0.61 | $1.00 | $0.57 | $0.62 | $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 | $0.67 | $0.67 | $0.60 | $0.58 | $0.75 | $0.73 | $0.67 | $0.67 | $0.74 | $0.65 | $0.62 | $0.58 | $0.58 | $0.59 | $0.97 | $0.55 | $0.60 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PLYM | Plymouth Industrial REIT | $18.73 | $25.80 | 37.75% | Buy |
| LXP | LXP Industrial Trust | $9.18 | $12.50 | 36.17% | Buy |
| IIPR | Innovative Industrial Properties | $105.30 | $136.00 | 29.15% | Hold |
| PLD | Prologis | $114.54 | $142.87 | 24.73% | Buy |
| TRNO | Terreno Realty | $59.93 | $68.67 | 14.58% | Buy |
| EGP | EastGroup Properties | $171.01 | $191.00 | 11.69% | Buy |
| NSA | National Storage Affiliates Trust | $43.90 | $49.00 | 11.62% | Hold |
| FR | First Industrial Realty Trust | $52.77 | $58.45 | 10.76% | Hold |
| STAG | STAG Industrial | $35.99 | $39.69 | 10.28% | Buy |
| CUBE | CubeSmart | $48.31 | $52.00 | 7.64% | Buy |
| EXR | Extra Space Storage | $165.04 | $174.09 | 5.48% | Buy |
| PSA | Public Storage | $332.86 | $336.91 | 1.22% | Buy |
| LSI | Life Storage | $133.10 | $131.14 | -1.47% | Buy |