Scotiabank Rates Prologis (PLD) Sector Outperform

Scotiabank raises its rating on Prologis, Inc. and sets a price target of $150, a 16.95% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:59 PM EDT

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Scotiabank rated Prologis, Inc. ($PLD) "Sector Outperform" with a $150 price target on October 13, 2026.

Since the rating, $PLD is down 5.8% to date (from the $133.55 close on Oct 13, 2026).

PLD Prologis, Inc.

$125.75 -0.28% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Scotiabank upgraded Prologis, Inc. (PLD) to a Sector Outperform rating with a price target of $150.
Scotiabank's $150 price target implies 16.95% upside from Prologis, Inc.'s ($PLD) current $128.26 share price.
Prologis shares recently traded at $128.26, which is about 14.5% below the new target set by Scotiabank.
The company's latest revenue reached approximately $9.66 billion, reflecting a year-over-year growth of 12.3%.

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Prologis, Inc. (NYSE: PLD) received a rating upgrade from Scotiabank on October 13, 2026. The firm raised its rating to Sector Outperform and set a price target of $150. This marks a shift from the previous target of $146.

Scotiabank's Call on Prologis

Scotiabank's new rating indicates confidence in Prologis's business performance, which is driven by strong recent results. The firm believes that the company is well-positioned within the real estate sector, specifically in the industrial REIT industry.

Other Institutional Activity in Prologis

Several other institutional investors have been active with Prologis shares. Blackrock Inc. grew its holdings by 2,982,187 shares, ending with 103,392,538 shares worth about $12.99 billion. Vanguard Capital Management LLC added 597,043 shares, bringing its total to 60,904,443 shares valued at approximately $7.66 billion. Meanwhile, State Street Corporation reduced its position by 117,669 shares, leaving it with 55,915,113 shares valued at around $7.03 billion.

Prologis, Inc. Stock Down 4.9%

Prologis shares recently traded around $128.26 as of October 16, 2026. This price is about 14.5% below Scotiabank's new target of $150. The stock is showing signs of strength, particularly as it continues to grow amidst a solid revenue backdrop.

12-month forecast

$PLD price target

Prologis, Inc. daily closes and this analyst's $150 target. Not advice.

Recent Earnings

Prologis reported trailing twelve-month revenue of approximately $9.66 billion, with a year-over-year growth rate of 12.3%. The company's net margin stands at 43.6%, indicating a strong profitability level. The next earnings report is expected to provide further insights into the company's performance.

Insider Buying and Selling at Prologis, Inc.

Several insiders have sold shares of Prologis recently. Director Cristina Gabriela Bita sold 621 shares on December 1, 2025, at an average price of $127.60, totaling about $79,240. Director Sarah Ann Slusser sold 111 shares on January 28, 2026, valued at approximately $12,631. CFO Timothy D. Arndt sold 3,597 shares on June 15, 2026, for about $539,550, while Director Hamid R Moghadam sold 50,000 shares on July 16, 2026, for around $7.5 million.

Analysts Set New Price Targets

On October 13, 2026, Scotiabank upgraded Prologis to a Sector Outperform rating with a target price of $150. The firm had previously set a target of $146. The consensus among analysts suggests a positive outlook, with various firms maintaining their bullish stances on the stock.

About Prologis

Prologis, Inc. is a leader in the real estate investment trust (REIT) sector, focusing on industrial properties. The company is known for its innovative logistics solutions that connect digital and physical commerce. Prologis operates globally, delivering sustainable growth and efficiency for its clients.

Bottom Line

Investors will be watching for Prologis's next earnings report to see how the company continues to perform. With Scotiabank's recent upgrade, market attention may increase as the stock trades below the new target price of $150.