Goldman Sachs has reduced its price target for Prologis (PLD, Financial) from $124 to $113, maintaining a Neutral rating on the shares following the company's first-quarter results. The decision comes as a response to shifts in leasing activity, which remained strong until early April but has since tapered off.
The decline in leasing volume, approximately 20% below the usual rate, is linked to recent tariff announcements, as companies reassess the impact on their operations. Prologis's management has highlighted that tenants are rerouting products and increasing current inventory levels to adjust to the evolving business landscape.
Given the significant scale of Prologis's daily leasing activities, the investment community is closely watching the company's leasing trends and commentary to gauge future performance. As businesses adapt to the new tariff policies, Prologis anticipates that inventory levels will rise in the short term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Prologis Inc (PLD, Financial) is $122.21 with a high estimate of $150.00 and a low estimate of $95.00. The average target implies an upside of 19.69% from the current price of $102.10. More detailed estimate data can be found on the Prologis Inc (PLD) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Prologis Inc's (PLD, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Prologis Inc (PLD, Financial) in one year is $142.96, suggesting a upside of 40.02% from the current price of $102.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Prologis Inc (PLD) Summary page.
