Raymond James upgrades Prologis stock to Outperform at USD 163

Published on 10/26/2026 at 12:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Prologis stock costs EUR 113.28 on October 26, 2026. Third-quarter revenue reached USD 2.39 billion, with occupancy at 95.6 percent.

Analyst target and operating figures

Raymond James upgraded Prologis to Outperform on October 21, 2026, with a USD 163.00 target.
Third-quarter revenue reached USD 2.39 billion for the period ended September 30, 2026.
Prologis stock traded at EUR 113.28 at 12:45 p.m. CET at Lang & Schwarz on October 26, 2026.
Quarter-end occupancy stood at 95.6 percent on September 30, 2026.

Bauhaus-Poster mit geometrischen Formen, Lkw, Containern und Schriftzug LOGISTICS — Prologis Inc. Sektor mit ISIN US74340W1036 als geometrisches Bauhaus-Poster mit Schriftzug LOGISTICS und Lagerhalle, Illustration mit AI erstellt.

Raymond James upgraded Prologis stock to Outperform and set a USD 163.00 price target on October 21, 2026, according to Benzinga. Prologis Inc. stock was trading at EUR 113.28 at Lang & Schwarz on October 26, 2026 at 12:45 p.m. CET.

Results support the upgrade

Prologis reported third-quarter revenue of USD 2.39 billion for the period ended September 30, 2026. The figure compared with USD 2.21 billion in the third quarter of 2025, while diluted net earnings per share rose to USD 0.86 from USD 0.82, according to the company's Prologis release dated October 15, 2026.

Core funds from operations per diluted share reached USD 1.60 in the quarter, compared with USD 1.49 a year earlier. Prologis also signed 60 million square feet of leases, giving the analyst upgrade an operating foundation rather than a purely valuation-based argument.

What does the outlook mean?

Management narrowed 2026 net earnings guidance to USD 4.05 to USD 4.15 per diluted share from USD 4.40 to USD 4.55. At the same time, it raised the cash same-store net operating income outlook to 7.00 percent to 7.50 percent and lifted development starts guidance to USD 5.00 billion to USD 5.75 billion. Those changes point to stronger property operations alongside a more cautious earnings framework.

Three dates frame the story

On September 28, 2026, SEGRO shareholders approved the planned combination, a transaction tied to a European platform of 363 million square feet, as reported in the Benzinga transcript. On October 15, 2026, Prologis released third-quarter results with USD 2.39 billion of revenue. On October 21, 2026, Raymond James changed its rating to Outperform and set the USD 163.00 target, as reported by MarketScreener.

The next scheduled date

Prologis' next substantiated investor date is October 29, 2026, when the third-quarter earnings webcast replay remains scheduled through the investor-relations calendar. For investors, the central tension is clear: occupancy and leasing figures remain measurable operating supports, while the reduced net earnings range places more weight on execution.

Euro quote and operating context

Prologis stock was trading intraday at EUR 113.28 at Lang & Schwarz on October 26, 2026 at 12:45 p.m. CET. The primary listing is on the NYSE, where Prologis trades under PLD.

The further course of trading is shown by the continuously updated real-time quote of Prologis stock.