Prologis stock gets higher Jefferies target as rents improve

Jefferies raised its price target for Prologis to USD 149 from USD 148 on Monday, November 2, 2026, while maintaining a Buy rating on the industrial real estate investment trust. Investing.com, citing Reuters, said the change reflected updated financial projections for the warehouse and logistics property owner.

Jefferies models market rent growth of 0.2 percent in 2026 and 3.0 percent in 2027 across Prologis markets. The broker also projects GAAP leasing spreads of 35.5 percent in 2026 and 29.4 percent in 2027. Those assumptions point to continued support from rent resets, although the industrial property cycle remains uneven.

Analyst view keeps focus on leasing

The unchanged Buy rating means the higher target represents a modestly more constructive valuation view rather than a change in Jefferies' recommendation. For Prologis, leasing spreads and occupancy are key indicators because they influence rental income from its logistics property portfolio across North America, Europe and Asia.

The same report said Prologis's third-quarter adjusted earnings and revenue exceeded Wall Street expectations. It cited adjusted earnings per share of USD 0.86 against a forecast of USD 0.7767 and revenue of USD 2.21 billion versus an expected USD 2.17 billion. Those figures provide recent operating context for the revised broker assumptions, but the target increase itself is tied to Jefferies' updated projections.

Prologis stock traded at EUR 114.95 on Lang & Schwarz at 14:40 CET on Tuesday, November 3, 2026. The real-time quote of Prologis stock is available separately.

The S&P 500 provides the broader market context for US-listed Prologis stock; current market reports cover that environment.

More news and analyses on Prologis stock will track further changes in rent expectations, leasing spreads and broker targets.