Key Highlights:
- Prologis (PLD, Financial) exceeds first-quarter revenue and earnings expectations.
- Despite strong performance, the company revises down forecasts for asset sales and new developments.
- Analysts predict substantial upside potential, maintaining an "Outperform" rating.
Prologis Inc. (PLD), a leader in the industrial real estate investment trust (REIT) sector, has delivered impressive first-quarter earnings that surpassed market expectations. The company reported a robust core funds from operations (FFO) per share of $1.42, outpacing analysts' projections. Despite such positive outcomes, Prologis has taken a cautious stance by adjusting its asset sales and new development forecasts for 2025, citing uncertainties in policy decisions affecting customer sentiment.
Wall Street Analysts Forecast
Prologis Inc (PLD, Financial) is attracting considerable attention from analysts, with one-year price targets set by 19 experts. The consensus average target price is pegged at $123.05, with forecasts ranging from a low of $95.00 to a high of $150.00. This spectrum suggests an appealing potential upside of 24.95% from its current share price of $98.48. Investors interested in a deeper dive into these estimates can visit the Prologis Inc (PLD) Forecast page.
The collective insight from 24 brokerage firms gives Prologis an average brokerage recommendation of 2.2, reflecting an "Outperform" status. This rating is part of the broader 1-to-5 scale, where 1 represents a Strong Buy and 5 indicates a Sell recommendation.
Evaluating the company through the lens of GuruFocus metrics, the estimated GF Value for Prologis in the upcoming year stands at $142.66. This valuation implies a significant 44.86% upside from the current price point of $98.48. The GF Value is derived by assessing the historical trading multiples, business growth patterns, and future performance forecasts. Investors can explore more about this valuation on the Prologis Inc (PLD, Financial) Summary page.
