Prologis stock target rises to USD 149 as rent growth improves

Published on 11/04/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies expects stronger market rent growth in 2027. The broker also sees wide leasing spreads at the industrial real estate trust.

Jefferies sees stronger rent growth

Jefferies kept its Buy rating on Prologis while raising its target.
The broker expects market rent growth to improve in 2027.
Recent quarterly results exceeded the cited Wall Street expectations.

Prologis Inc., US74340W1036, Illustration mit AI erstellt.

Jefferies raised its price target for Prologis to USD 149 from USD 148 on Monday, November 2, 2026, while keeping a Buy rating on the industrial real estate investment trust. Investing.com said the change reflected updated projections from the broker.

The report cited Jefferies estimates for market rent growth of 0.2% in 2026 and 3.0% in 2027 across Prologis markets. The broker also projected GAAP leasing spreads of 35.5% in 2026 and 29.4% in 2027. Those assumptions keep leasing economics at the center of the investment case as the industrial property cycle develops.

Leasing remains the key driver

For Prologis, rent resets and leasing spreads affect the revenue potential of its logistics property portfolio across North America, Europe and Asia. The unchanged Buy rating means the higher target represents a modestly more constructive valuation view rather than a new recommendation.

The same Investing.com report also cited Prologis' third-quarter 2026 adjusted earnings and revenue. Adjusted earnings per share reached USD 0.86 against a cited forecast of USD 0.7767, while revenue was USD 2.21 billion compared with USD 2.17 billion expected. The report said the stock nevertheless faced pressure in premarket trading as investors weighed the company's outlook for capital markets and future guidance.

Other analyst views in the report point to a mixed but improving debate around industrial real estate. BMO Capital lowered its target to USD 150 from USD 152 while retaining an Outperform rating, whereas Raymond James upgraded Prologis to Outperform from Market Perform. KeyBanc maintained a Sector Weight view and described the recovery in US industrial fundamentals as gradual.

Prologis stock traded at EUR 115.60 on Lang & Schwarz at 14:33 CET on Wednesday, November 4, 2026. The real-time quote of Prologis stock gives investors the latest trading reference.