Wells Fargo cuts target for Prologis stock from USD 167.00 to USD 166.00

Published on 10/02/2026 at 14:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 earnings per share reached USD 1.13 versus USD 0.75. Prologis stock costs EUR 113.18 on October 2, 2026 versus EUR 114.03.

Börsen-Trading-Floor mit Bildschirmen zu NYSE und REIT-Sektor-Charts — Prologis Inc. Notierung mit ISIN US74340W1036 illustriert als Börsen-Editorial mit NYSE-Handelsraum und REIT-Sektor-Charts, Illustration mit AI erstellt.

Prologis stock (ISIN US74340W1036) was trading at EUR 113.18 at Lang & Schwarz on October 2, 2026 at 2:11 p.m. CEST, down 0.75 percent versus the EUR 114.03 prior close on October 1, 2026. The latest analyst adjustment came from Wells Fargo, which cut its price target from USD 167.00 to USD 166.00 on September 1, 2026 while maintaining an Overweight rating, according to MarketBeat.

Target cut meets solid quarterly numbers

The target reduction contrasts with Prologis' latest operating result. For the second quarter of 2026, revenue reached USD 2.43 billion, an 11.00 percent increase from the same period a year earlier, while reported earnings per share came to USD 1.13 versus a USD 0.75 consensus estimate, according to MarketBeat.

The earnings comparison is important because the company earned USD 1.46 per share in the year-earlier quarter, making the latest result a lower year-over-year figure despite the revenue increase. Prologis also maintained fiscal 2026 earnings guidance of USD 6.22-6.30 per share, according to the same MarketBeat report.

October earnings date sets the next test

Yahoo Finance lists October 15, 2026 as Prologis' next earnings date, giving the market a defined checkpoint for leasing activity, demand and the outlook, as shown on Yahoo Finance. The company operates as an industrial real estate investment trust, with logistics facilities supporting supply-chain operations.

Yahoo Finance shows a USD 111.03 to USD 153.35 52-week range for the NYSE-listed shares as of October 1, 2026. Its listed market capitalization was USD 124.6 billion, while the Lang & Schwarz euro quote reflects a separate German trading reference.

Prologis stock remains below its yearly high

The primary-market context places Prologis at USD 128.21 on October 1, 2026 at 3:59 p.m. EDT, with the NYSE as its primary exchange. The euro quote was lower on October 2, 2026, so the Wells Fargo target change and the October earnings date remain the clearest reference points for the next company-specific assessment.

Prologis was trading at EUR 113.18 at Lang & Schwarz on October 2, 2026 at 2:11 p.m. CEST, minus 0.75 percent versus the EUR 114.03 prior close on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Prologis stock.