Prologis stock: Jefferies lifts target as rent outlook improves

Jefferies raised its Prologis price target on Monday, November 2, while keeping its Buy rating, according to Investing.com. The broker now sees a more supportive rental backdrop for Prologis, with its price target moving to 149 US dollars from 148 US dollars.

The latest move adds a market update to the analysis already covered by this publication. Prologis stock traded at 115.88 euros on Lang & Schwarz at 4:12 p.m. CET on Monday, November 9, up 1.21 percent from the 114.50-euro quote in the previous report at 2:02 p.m. CET. This comparison is separate from the Xetra daily close.

Jefferies sees stronger 2027 rents

Jefferies projects market-rent growth of 0.2 percent in 2026 and 3.0 percent in 2027 across Prologis markets. The broker also expects GAAP leasing spreads of 35.5 percent in 2026 and 29.4 percent in 2027.

The unchanged Buy rating means the target increase represents a more constructive valuation view rather than a change in recommendation. For Prologis, rent resets and leasing spreads influence the revenue potential of its logistics portfolio across North America, Europe and Asia.

Execution remains the next test

The key investment question is whether stronger market rents feed through to leasing performance and reported results. The company also remains exposed to the pace of the industrial property recovery and the capital requirements of its logistics portfolio.

US equities trade in the S&P 500, which provides the broader market backdrop for Prologis stock.

More news and analyses on Prologis stock track analyst views and developments in the logistics property market.