On the back of a solid quarterly earnings report at the start of the week, the upward momentum of Prologis (NYSE: PLD) stock continued through Thursday’s trading session. This was helped by a price target raise by one of the analysts tracking the big real estate company; as a result, Prologis’s share price closed the day 3% higher. That easily eclipsed the 0.5% increase of the benchmark S&P 500 (SNPINDEX: ^GSPC).
Prologis, which functions as a real estate investment trust (REIT), reported its fourth-quarter figures before the market open Monday. Happily for the company and its investors, it convincingly beat the consensus analyst estimates on both the top and bottom lines. And growth was strong, with core funds from operations (FFO, widely considered to be the most important profitability line item for REITs) rising by a sturdy 10% year over year.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks »
That performance was good enough to inspire several analyst updates. The one that was published after hours Tuesday was authored by Evercore ISI’s Steve Sakwa, who raised his price target to $115 per share from his previous $111. Despite the shift, Sakwa left his in-line (read: neutral or hold) recommendation on the stock intact.
It wasn’t immediately clear why the analyst made his move, but it came on the heels of more bullish Prologis takes. For instance, JPMorgan Chase‘s Michael Muller reiterated his overweight (buy) recommendation and $131 price target on the stock.
Prologis appears to be heading into a prosperous 2025, as the company said that leasing has been brisk following the presidential election near the end of last year. It’s also becoming more active in the data center segment, which is sure to be robust, given the sharply increasing demands for data storage engendered by artificial intelligence (AI).
Before you buy stock in Prologis, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Prologis wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $901,323!*
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.
*Stock Advisor returns as of January 21, 2025
JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase and Prologis. The Motley Fool recommends the following options: long January 2026 $90 calls on Prologis. The Motley Fool has a disclosure policy.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
