Argus has revised its price target for Prologis (PLD, Financial), reducing it from $130 to $122. Despite this adjustment, the firm maintains a Buy rating on the company's stock following its first-quarter financial disclosures.
The change in price target is largely attributed to a broader sector rotation, where certain income stocks have remained steady, coupled with potential negative impacts from tariff-related news. This strategic reassessment comes against a backdrop where Prologis did not experience a decline in assets due to environmental factors. However, the company did see a reduction in domestic occupancy, which decreased to 95.2% by the conclusion of the first quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Prologis Inc (PLD, Financial) is $121.89 with a high estimate of $150.00 and a low estimate of $95.00. The average target implies an upside of 24.07% from the current price of $98.24. 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 2.3, 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 $143.16, suggesting a upside of 45.72% from the current price of $98.24. 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.
