Key Highlights:
- Prologis (PLD, Financial) shares rose 4.3% after exceeding earnings expectations.
- Updated yearly guidance and strong quarterly figures signal potential growth.
- Analysts foresee a 4.94% upside with a "Outperform" consensus rating.
Prologis Surpasses Earnings Expectations
Prologis (PLD) has captured the attention of investors, with its stock climbing 4.3% due to impressive quarterly earnings and an optimistic adjustment to its annual guidance. For the second quarter, the company reported core funds from operations (FFO) per share at $1.46, comfortably beating the market consensus of $1.42. Additionally, revenue hit $2.18 billion, outpacing expectations set at $2.02 billion. This financial momentum led Prologis to revise its annual core FFO guidance to between $5.75 and $5.80 per share. Furthermore, the company announced updated acquisition and disposition targets for 2025, signaling its strategic growth trajectory.
Forecasts from Wall Street Analysts
Analysts have set optimistic one-year price targets for Prologis Inc (PLD, Financial). Based on the insights of 18 analysts, the average target price is $118.66, with estimates ranging from a high of $150.00 to a low of $95.00. These targets suggest a potential upside of 4.94% from the current trading price of $113.08. For more comprehensive forecast data, visit the Prologis Inc (PLD) Forecast page.
Brokerage Recommendations and GF Value
The consensus recommendation from 24 brokerage firms places Prologis Inc (PLD, Financial) at an average rating of 2.3, which categorizes it within the "Outperform" spectrum. This rating framework operates on a scale from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell.
According to GuruFocus estimates, the forecasted GF Value for Prologis Inc (PLD, Financial) in one year is $142.67. This suggests a striking upside of 26.17% from the current market price of $113.08. The GF Value is an evaluation of the stock's fair trading value, determined through historical trading multiples, previous business growth, and future performance expectations. Detailed insights can be accessed on the Prologis Inc (PLD) Summary page.
