Prologis stock: Jefferies raises target as 2027 rents improve

Jefferies raised its price target for Prologis stock to USD 149 from USD 148 on Monday, November 2, while maintaining a Buy rating on the industrial real estate investment trust, according to Investing.com.

On Wednesday, November 4, 2026, Prologis stock traded at EUR 113.13 on Lang & Schwarz at 16:31 CET. That was 1.58 percent below the EUR 114.95 quote in the previous report published on November 3, based on the same trading venue. The real-time quote of Prologis stock is available for ongoing monitoring.

Rent assumptions support higher target

Jefferies is modeling market rent growth of 0.2 percent in 2026 and 3.0 percent in 2027 across Prologis markets. The broker also projects GAAP leasing spreads of 35.5 percent in 2026 and 29.4 percent in 2027.

The unchanged Buy rating means the target increase represents a more constructive valuation view rather than a change in recommendation. For Prologis, rent resets, leasing spreads and occupancy remain important indicators because they influence rental income from its logistics property portfolio across North America, Europe and Asia.

Operating results add context

Investing.com reported that Prologis's adjusted third-quarter earnings and revenue exceeded Wall Street expectations. Adjusted earnings per share reached USD 0.86 versus a forecast of USD 0.7767, while revenue came to USD 2.21 billion against an expected USD 2.17 billion.

The target increase itself is tied to Jefferies' updated projections for the warehouse and logistics property owner. Investors will therefore focus on leasing conditions and the pace of rent growth as the 2027 outlook develops.

The S&P 500 provides the broader market context for US-listed Prologis stock.

More news and analyses on Prologis stock will track further changes in rent expectations, leasing spreads and broker targets.