Prologis stock price target raised to $134 from $128 at Freedom Capital

Investing.com - Freedom Capital Markets has raised its price target on Prologis (NYSE:PLD) to $134.00 from $128.00 while maintaining a Buy rating on the logistics real estate company. The stock, which commands a market capitalization of $116.3 billion, has shown strong momentum with an 8.94% gain over the past week, according to InvestingPro data.

The price target increase follows Prologis delivering strong third-quarter results that featured record leasing activity and an increased full-year forecast, according to the research firm. The company’s solid performance is reflected in its 10.45% year-over-year revenue growth and healthy 76% gross profit margin.

Freedom Capital Markets noted that the quarterly report confirms a turning point in operating metrics for the company, while management provided optimistic commentary about future performance.

The firm highlighted the significant expansion of Prologis’ data center project pipeline, which it believes shapes a compelling long-term growth outlook for the company.

Freedom Capital Markets’ continued Buy recommendation is supported by what it sees as a recovery in the core logistics business and the emergence of a "powerful new growth engine" through the company’s 5.2 GW data center pipeline.

In other recent news, Prologis Inc. reported its third-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share of $0.82, compared to the forecasted $0.67. The company also exceeded revenue forecasts, reporting $2.05 billion against the expected $2.03 billion. These results indicate a positive trajectory for the company, as reflected by UBS’s decision to raise its price target on Prologis to $137 from $120. UBS maintained a Buy rating on the industrial real estate investment trust, citing the company’s growth in data centers as a significant factor. The upgrade follows the third-quarter results, which UBS described as "a step forward" for industrial warehouse fundamentals and data center opportunities. These developments highlight Prologis’ strong performance and potential in its sector.

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