Prologis with ticker code (PLD) have now 16 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between $197.00 and $153. calculating the mean target price we have $180.25. Now with the previous closing price of $123.93 this is indicating there is a potential upside of 45.4%. The 50 day moving average now sits at $156.52 and the 200 day moving average is $147.60. The market cap for the company is $95,013m. You can visit the company’s website by visiting: https://www.prologis.com
The potential market cap would be $138,192m 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.
