BofA Securities Upgrades Prologis, Inc. (PLD) from 'Neutral' to 'Buy', Lifts Its Price Target to $130

With significant upside potential, Prologis, Inc. (NYSE:PLD) secures a spot on our list of the 13 Best Warehouse and Self-Storage Stocks to Buy Right Now.

On September 16, 2025, BofA Securities upgraded Prologis, Inc. (NYSE:PLD) from ‘Neutral’ to ‘Buy’, lifting its price target from $118 to $130.

The price revision reflects a stronger growth outlook for Prologis, Inc. (NYSE:PLD). The investment firm highlighted the company’s potential for high-single-digit annual FFO growth in a normalized environment. At the same time, BofA also highlighted the company’s 19% revenue CAGR over the past five years.

Furthermore, the investment firm highlighted embedded rent escalators, market rent increases, data-center conversions, and ongoing development activity as key growth drivers. The analyst believes that weakness in some Southern California markets and refinancing headwinds are largely priced in, with estimates forecasting a 6% YoY growth in 2026.

Prologis, Inc. (NYSE:PLD), a global leader in logistics real estate, owns roughly 1.3 billion square feet of modern warehousing and distribution facilities across 20 countries. It is one of the Best Warehouse Stocks.

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