
Prologis (PLD) Stock Forecast & Price Target
Prologis (PLD) Analyst Ratings
Bulls say
Prologis is well-positioned for continued growth, supported by an anticipated increase in leasing activity that is expected to maintain occupancy rates in the near term, with projections of a reacceleration in 2026 and 2027. The company's development pipeline is expected to drive solid organic growth, resulting in a notable increase in net asset value (NAV) estimates, escalating from $114.17 per share in 2025 to $126.01 per share in 2026, based on a cap rate of 5.15%. Additionally, positive trends in broader market activity, observed through rising proposal volumes and higher conversion rates, suggest a favorable environment for Prologis moving forward.
Bears say
Prologis's recent leasing activity indicates a challenging market, with management reporting a 20% decline in lease signings over a two-week period following April 2nd, totaling 80 leases for over 6 million square feet. Additionally, the company's embedded mark-to-market is showing compressions, decreasing from 57% in 4Q23 to 25% in 1Q25, with projections suggesting it may fall to 20% by year-end 2025, assuming no changes in market rents. Furthermore, the overall market absorption for the quarter was only 21 million square feet, coupled with a 1.5% drop in market rents, signaling potential headwinds for Prologis's performance in the upcoming periods.
This aggregate rating is based on analysts' research of Prologis and is not a guaranteed prediction by Public.com or investment advice.
Prologis (PLD) Analyst Forecast & Price Prediction
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