Prologis with ticker code (PLD) now have 15 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between $196.00 and $132. calculating the average target price we see $169.13. Now with the previous closing price of $117.65 this is indicating there is a potential upside of 43.8%. There is a 50 day moving average of $130.48 and the 200 moving average now moves to $145.58. The market cap for the company is $88,863m. Company Website: https://www.prologis.com
The potential market cap would be $127,747m based on the market concensus.
Prologis is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
