BofA Securities Upgrades Prologis, Inc. (PLD) from ‘Neutral’ to ‘Buy’, Lifts Its Price Target to $130

Group 1 - Prologis, Inc. (NYSE:PLD) is recognized for its significant upside potential and is included in the list of the 13 Best Warehouse and Self-Storage Stocks to Buy [1] - BofA Securities upgraded Prologis from 'Neutral' to 'Buy' and raised its price target from $118 to $130 [2] - The price revision is based on a stronger growth outlook, with expectations of high-single-digit annual FFO growth in a normalized environment and a 19% revenue CAGR over the past five years [3] Group 2 - Key growth drivers for Prologis include embedded rent escalators, market rent increases, data-center conversions, and ongoing development activity [4] - Despite some weaknesses in Southern California markets and refinancing challenges, estimates forecast a 6% YoY growth in 2026 [4] - Prologis owns approximately 1.3 billion square feet of modern warehousing and distribution facilities across 20 countries, establishing itself as a global leader in logistics real estate [5]