Raymond James upgrades Prologis stock to Outperform at USD 163.00

Published on 10/26/2026 at 17:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached USD 2.39 billion and occupancy was 95.60 percent. Prologis stock costs EUR 112.63 on October 26, 2026 at 5:35 p.m. CET.

Analyst target and results

Raymond James upgraded Prologis to Outperform and set a USD 163.00 target on October 21, 2026.
Third-quarter revenue reached USD 2.39 billion, while period-end occupancy was 95.60 percent on September 30, 2026.
Prologis stock cost EUR 112.63 at Lang & Schwarz on October 26, 2026 at 5:35 p.m. CET.

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Raymond James upgraded Prologis to Outperform and set a USD 163.00 price target on October 21, 2026, according to MarketScreener. Prologis stock was at EUR 112.63 at Lang & Schwarz on October 26, 2026 at 5:35 p.m. CET, while the NYSE quote stood at USD 125.94 at 12:35 p.m. ET.

The latest operating figures give the analyst call a measurable backdrop. Prologis reported USD 2.39 billion of revenue for the third quarter ended September 30, 2026, compared with USD 2.21 billion a year earlier. Net earnings per diluted share rose to USD 0.86 from USD 0.82, while Core FFO per diluted share increased to USD 1.60 from USD 1.49, according to the company's Prologis release dated October 15, 2026.

Occupancy reached 95.60 percent

Period-end occupancy was 95.60 percent in the third quarter, up from 95.50 percent in the second quarter. Net effective same-store NOI growth reached 5.70 percent, while cash same-store NOI growth was 5.90 percent for the quarter.

Leasing activity also remained measurable. Prologis said it signed 60 million square feet of leases and announced nearly USD 2.30 billion of transactions during the third quarter. Net effective rent change on rollover was 38.00 percent, adding USD 85.00 million of incremental NOI.

Valuation and guidance in view

The NYSE quote was USD 125.94 on October 26, 2026 at 12:35 p.m. ET, against a 52-week range of USD 121.40 to USD 153.35. Market capitalization was USD 119.7 billion, the price-to-earnings ratio was 27.80, and the dividend yield was 3.00 percent.

Prologis narrowed its 2026 net earnings guidance to USD 4.05 to USD 4.15 per diluted share from USD 4.40 to USD 4.55. Core FFO guidance moved to USD 6.25 to USD 6.29 from USD 6.22 to USD 6.30, while average occupancy guidance narrowed to 95.25 percent to 95.50 percent.

Price and operating figures

The combination of a USD 163.00 analyst target and third-quarter operating figures gives investors two separate benchmarks: valuation on the NYSE and execution across the portfolio. The reported 95.60 percent occupancy rate and 38.00 percent net effective rent change provide the clearest operating measures for the September quarter.

Prologis stock was trading at EUR 112.63 at Lang & Schwarz on October 26, 2026 at 5:35 p.m. CET. On the NYSE, it was trading at USD 125.94 on October 26, 2026 at 12:35 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Prologis stock.