Prologis stock: Scotiabank sets USD 150 target for Prologis stock

Published on 10/20/2026 at 16:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter earnings reached USD 0.86 versus USD 0.82. Prologis stock costs EUR 111.43 on October 20, 2026, 0.30 percent above Tradegate.

Analyst target and earnings

Scotiabank set a USD 150.00 target for Prologis on October 13, 2026.
Third-quarter net earnings per diluted share reached USD 0.86 versus USD 0.82 a year earlier.
Prologis stock costs EUR 111.43 at Lang & Schwarz on October 20, 2026 at 4:06 p.m. CEST, 0.30 percent above the Tradegate close of October 20, 2026, and 27.33 percent below the 52-week high.
The NYSE-listed company had a market capitalization of USD 119.2 billion as of October 20, 2026.

Aquarellmalerei eines Industrieparks mit Lagerhallen und Zufahrtsstraßen — Prologis Inc. mit ISIN US74340W1036 dargestellt als sanftes Aquarell eines weitläufigen Industrieparks mit Lagerhallen, Illustration mit AI erstellt.

Scotiabank upgraded Prologis to Sector Outperform and set a USD 150.00 price target on October 13, 2026, as Business Insider reported. The target followed a move from Sector Perform to Sector Outperform. Prologis was trading at EUR 111.43 at Lang & Schwarz on October 20, 2026 at 4:06 p.m. CEST, 0.30 percent above the Tradegate close of October 20, 2026 at EUR 111.10.

Earnings show a measured gain

Prologis reported third-quarter net earnings per diluted share of USD 0.86, compared with USD 0.82 in the same period of 2025. The company also reported Core FFO of USD 1.60 per diluted share, up from USD 1.49 a year earlier, according to the Prologis investor release dated October 15, 2026. Total revenue reached USD 2.39 billion in the third quarter, compared with USD 2.21 billion a year earlier.

Stock sits below its yearly high

The USD 121.40 to USD 153.35 52-week range places the Lang & Schwarz price 27.33 percent below the high and 8.26 percent below the low's currency equivalent is not a valid comparison, so the low is kept only as a home-market frame. On the NYSE, Prologis was last quoted at USD 125.47 on October 20, 2026 at 10:15 a.m. ET, with a market capitalization of USD 119.2 billion and a price-to-earnings ratio of 27.69. The primary exchange is the NYSE and the ticker is PLD.

Valuation and operating scale

Prologis reported average occupancy of 95.10 percent and period-end occupancy of 95.60 percent for the third quarter. Cash same-store net operating income rose 5.90 percent, while net effective rent change reached 38.00 percent. The company reported USD 8.8 billion of available liquidity at September 30, 2026 and debt equal to 23.90 percent of total market capitalization. Its 2026 guidance calls for net earnings of USD 4.05 to USD 4.15 per diluted share and Core FFO of USD 6.25 to USD 6.29.

Analyst target leaves a valuation gap

Scotiabank's USD 150.00 target stands 19.57 percent above the USD 125.47 NYSE quotation cited for October 20, 2026. The comparison uses the same U.S. dollar currency and is separate from the euro quotation used for German trading. For investors, the key contrast is between the target and the current operating profile: occupancy remains above 95 percent, while the stock stays 27.33 percent below its 52-week high.

What comes next for Prologis

The company's October 15, 2026 results release included current 2026 earnings and Core FFO guidance, alongside its liquidity and occupancy figures. Prologis also said its investor call replay would remain available through October 29, 2026, according to the same Prologis release.

Price and investor perspective

The euro quotation is 0.30 percent above the Tradegate close, while the U.S. listing provides the valuation frame through its USD 119.2 billion market capitalization and 27.69 price-to-earnings ratio. Prologis was trading at EUR 111.43 at Lang & Schwarz on October 20, 2026 at 4:06 p.m. CEST, 0.30 percent above the Tradegate close of October 20, 2026 at EUR 111.10. The further course of trading is shown by the continuously updated real-time quote of Prologis stock.