Evercore ISI has revised its price target for Prologis (PLD, Financial), reducing it from $111 to $106. Despite the adjustment, the firm continues to rate the stock as In Line following Prologis' first-quarter earnings release.
Prologis upheld its guidance for core funds from operations for the fiscal year 2025. However, the company has scaled back on various aspects of its capital deployment forecast. This decision stems from a noticeable dip in demand after new tariffs were introduced in early April, which has resulted in leasing activities declining by 20%, according to Evercore ISI.
The research firm has also lowered its estimates, citing ongoing uncertainties related to the tariffs as a significant factor influencing its revised outlook.
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 $123.05 with a high estimate of $150.00 and a low estimate of $95.00. The average target implies an upside of 22.69% from the current price of $100.29. 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 $142.23, suggesting a upside of 41.82% from the current price of $100.29. 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.
