Mizuho's Updated Price Target#
Mizuho has raised its price target for Prologis stock (NYSE: PLD) from $143 to $150 while keeping an Outperform rating. Currently, the stock trades at $141.92, close to its 52-week high of $145.44, showcasing a significant 46.9% increase over the past year.
Insights from Investor Meetings#
The firm recently hosted Prologis management for discussions in Chicago, covering immediate market trends and long-term strategies. Topics included new capital funds, the role of energy in operations, and the outlook for Southern California.
Earnings Growth Projections#
Mizuho updated its financial model based on Prologis's first-quarter earnings. The new estimates for funds from operations (FFO) for 2026 and 2027 are $6.20 and $6.68, respectively, compared to earlier estimates of $6.15 and $6.63. This suggests an average annual growth rate of about 7%.
Positive Earnings Reports#
Prologis recently reported strong first-quarter earnings for 2026, surpassing analysts' expectations with earnings per share of $1.05, compared to the forecast of $0.81. The company also reported revenue of $2.14 billion, slightly above the anticipated $2.12 billion. Following these results, several analysts adjusted their price targets for Prologis, with BofA Securities raising it to $162, BTIG to $160, and Evercore ISI to $135. Prologis has also increased its 2026 guidance by approximately 1%, reflecting confidence in its ongoing growth.