Mizuho Lifts Prologis (PLD) Price Target to $109, Maintains "Neutral"

Prologis, Inc. (NYSE:PLD) is one of Goldman Sachs’ top REIT stock picks. On July 7, Mizuho lifted its price target on Prologis from $105 to $109, while maintaining the rating at Neutral. Mizuho cited Prologis’s “expected stable occupancy” as a key factor supporting the price target increase, with the company indicating a better-than-expected occupancy trajectory for the first half of 2025.

Mizuho cited likely positive commentary on Prologis’s ancillary business segments as justification for this premium valuation. The investment firm expects a better-than-expected occupancy trajectory in the first half of 2025.

Mizuho highlighted Prologis’s development starts and margins as important metrics. It noted that the company’s focus on high-quality industrial properties supports stable cash flows. The firm further stated that Prologis’s consensus view expects the company’s current FFO guidance to remain intact.

Prologis, Inc. (NYSE:PLD) is the world’s largest industrial REIT, managing a portfolio of over 1.3 billion square feet across 5,900 logistics facilities in 20 countries. Headquartered in San Francisco, the company serves more than 6,500 customers, including Amazon, FedEx, and Home Depot, through strategically located warehouses that support e-commerce, retail, and supply chain operations.

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Disclosure: None. This article is originally published at Insider Monkey.