Prologis stock slips 2.04% from Thursday quote

Published on 11/06/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies kept its Buy rating while raising its Prologis target to USD 149. The broker expects market-rent growth to strengthen in 2027.

Rent outlook remains key

Jefferies kept its Buy rating while raising its Prologis target to USD 149 from USD 148.
The broker expects market-rent growth to strengthen in 2027.
Leasing spreads and occupancy remain important indicators for the logistics property portfolio.

Prologis Inc., US74340W1036, Illustration mit AI erstellt.

Prologis stock traded at EUR 114.98 on Lang & Schwarz at 16:11 CET on Friday, November 6, 2026. Compared with EUR 117.38 at 14:33 CET on Thursday, November 5, the quote was 2.04 percent lower, a separate comparison from any Xetra daily close.

Rent assumptions remain central

Jefferies kept its Buy rating on Prologis while raising its price target to USD 149 from USD 148 on November 2, 2026. The broker expects market-rent growth across Prologis markets to improve from 0.2 percent in 2026 to 3.0 percent in 2027.

Jefferies also projects GAAP leasing spreads of 35.5 percent in 2026 and 29.4 percent in 2027. For the industrial real estate investment trust, rent resets, leasing spreads and occupancy are key indicators because they shape the revenue potential of warehouse space as leases renew.

What investors watch next

The higher target leaves the Buy recommendation unchanged and represents a more constructive valuation view rather than a change in rating. Investors will continue to focus on whether stronger market rents translate into leasing performance and reported operating results.

Investors can follow the real-time quote of Prologis stock for ongoing monitoring.