RBC Raises Prologis (PLD) Target as Industrial Real Estate Outlook Improves

NodeGuardian · 2026-03-11T21:09:35+00:00

RBC analyst Michael Carroll raised Prologis' price target to $135, following a strong FFO report and positive management outlook. The company is shifting focus to data centers, expecting them to make up 40% of new projects by 2026.

NodeGuardian

2026-03-11 21:09:35

Abstract generation in progress

RBC Capital analyst Michael Carroll raised his price target for Prologis (PLD) to $135 from $132, reiterating a “Sector Perform” rating after the company’s strong fourth-quarter FFO beat and an encouraging outlook from management. Prologis is actively exploring a new co-investment fund for data centers, a significant shift as data centers are projected to constitute 40% of its new development projects in 2026, up from 10% in 2025. This move into data centers reflects growing confidence in market conditions and aims to further expand its private capital business.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.