Prologis (PLD) Stock: $164 Price Target From RBC Capital

By Amit Chowdhry ● Nov 25, 2021
  • The shares of Prologis Inc (NYSE: PLD) have received a price target of $164 from RBC Capital. These are the details.

The shares of Prologis Inc (NYSE: PLD) have received a price target of $164 from RBC Capital. And RBC Capital analyst Michael Carroll increased the price target from $144 while maintaining an “Outperform” rating on the shares.

Carroll cited the company’s solid third quarter earnings reported last month — which was driven by historically strong property-level trends. Plus Carroll pointed out that  Prologis’ same-store cash NOI growth should remain elevated in the next few years.

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