What Are Wall Street Analysts' Target Price for Prologis Stock?

Company Overview - Prologis, Inc. (PLD) is valued at a market cap of $122.5 billion and operates in the industrial real estate sector, focusing on logistics and distribution facilities [1] - The company is based in San Francisco, California, and serves major e-commerce, retail, and supply-chain customers by providing strategically located warehouses and fulfillment centers [1] Market Performance - Over the past 52 weeks, PLD has underperformed the broader market, gaining 11.9% compared to the S&P 500 Index's 15.4% increase [2] - Year-to-date (YTD), PLD's stock is up 3.3%, outperforming the S&P 500's 1.1% increase [2] - PLD has outperformed the State Street Real Estate Select Sector SPDR ETF (XLRE), which saw a marginal decline over the past 52 weeks and a YTD gain of 1.6% [3] Financial Performance - In Q4, PLD's total revenue increased by 2.4% year-over-year to $2.3 billion, driven by strong growth in rental and other revenues [5] - The company's core Funds From Operations (FFO) was $1.44, a decrease of 4% from the previous year, but it met analyst estimates [5] Future Projections - For fiscal 2026, analysts expect PLD's FFO per share to grow by 5.2% year-over-year to $6.11 [6] - PLD has a strong FFO surprise history, having met or exceeded consensus estimates in the last four quarters [6] Analyst Ratings - Among 23 analysts covering PLD, the consensus rating is a "Moderate Buy," consisting of 13 "Strong Buy" and 10 "Hold" ratings [6] - RBC Capital analyst Michael Carroll maintained a "Sector Perform" rating on PLD and raised its price target to $135, indicating a potential upside of 1.1% from current levels [8] - The mean price target of $138.35 suggests a 3.6% premium from current price levels, while the highest price target of $155 indicates a potential upside of 16.1% [8]