Prologis stock: Baird cuts target to USD 136.00 for Prologis stock

Published on 10/21/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue hit USD 2.39 billion on October 15, 2026, up 7.85 percent year over year. Prologis stock costs EUR 114.93 on October 21, 2026.

Analyst target and quarterly figures

Robert W. Baird cut its Prologis target from USD 140.00 to USD 136.00 on October 20, 2026.
Third-quarter revenue reached USD 2.39 billion on October 15, 2026, up 7.85 percent year over year.
Prologis stock costs EUR 114.93 at Lang & Schwarz on October 21, 2026 at 4:33 p.m. CEST.
Full-year 2026 net earnings guidance stands at USD 4.05 to USD 4.15 per diluted share.

Schwarzweiß-Reportagefoto eines Lagerhauses mit Gabelstapler und Arbeiter — Prologis Inc. Aktie mit ISIN US74340W1036 illustriert durch dokumentarische Schwarzweiß-Reportage aus einem Lagerhaus mit Gabelstapler, Illustration mit AI erstellt.

Prologis Inc. (ISIN US74340W1036) is trading at EUR 114.93 at Lang & Schwarz on October 21, 2026 at 4:33 p.m. CEST. On October 20, 2026, Robert W. Baird lowered its price target from USD 140.00 to USD 136.00 while keeping a Neutral rating, as MarketBeat reported. The target lies 5.30 percent above the USD 129.16 NYSE quote at 10:39 a.m. ET on October 21, 2026.

Revenue reaches USD 2.39 billion

Prologis reported total revenue of USD 2.39 billion for the third quarter ended September 30, 2026, compared with USD 2.21 billion a year earlier. The increase was 7.85 percent. Net earnings attributable to common stockholders rose to USD 815.7 million from USD 762.9 million, while diluted earnings per share increased to USD 0.86 from USD 0.82.

Core funds from operations, a non-GAAP measure, reached USD 1.60 per diluted share in the third quarter, versus USD 1.49 in the year-earlier period. Average occupancy was 95.10 percent, and cash same-store net operating income grew 5.90 percent during the quarter.

Stock stays inside its yearly range

The NYSE quote of USD 129.16 at 10:39 a.m. ET on October 21, 2026 stood between the 52-week low of USD 121.40 and high of USD 153.35. That leaves the stock 6.40 percent above its yearly low and 15.77 percent below its yearly high. The market capitalization was USD 122.7 billion, with a price-to-earnings ratio of 28.51.

Guidance and peer valuation

Prologis cut its full-year 2026 net earnings guidance to USD 4.05 to USD 4.15 per diluted share from USD 4.40 to USD 4.55, while Core FFO guidance moved to USD 6.25 to USD 6.29 from USD 6.22 to USD 6.30. The figures were included in the October 15, 2026 results release. The next scheduled reporting date was not included in the cited company materials.

Comparison with peers

American Homes 4 Rent (NYSE, USD): down 0.64 percent, price-to-earnings ratio 24.54, market capitalization USD 11.1 billion.

CubeSmart (NYSE, USD): down 0.46 percent, price-to-earnings ratio 26.99, market capitalization USD 8.9 billion.

What the target says about valuation

Baird's revised USD 136.00 target is above the same-day USD 129.16 NYSE quote, but below the USD 153.35 52-week high. For investors, the combination of a 28.51 price-to-earnings ratio and revised earnings guidance keeps operating delivery central to the valuation discussion.

Euro quote and company facts

Prologis stock was trading at EUR 114.93 at Lang & Schwarz on October 21, 2026 at 4:33 p.m. CEST. The NYSE listing was at USD 129.16 at 10:39 a.m. ET on the same date.

The further course of trading is shown by the continuously updated real-time quote of Prologis stock.