Prologis Inc (PLD) stock price is expected to decrease by 7.5% in the short-term and 4.8% in the long-term according to Stock AI’s forecasts. 🔴🔴
Stock AI’s (PLD) Forecast get (+23.6% Profit)
StockAI’s analysis delivers real-world results. On 08 March 2024, $PLD ($134.6), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $102.8 (🔴-23.6%). Selling PLD on this signal yielded a +23.6% profit 💰💰.
PLD-Prologis, Inc. News
🔴 Evercore ISI and other investment firms cut price targets for PLD, indicating potential concerns about the stock’s performance.
🟢 Prologis sets its FY24 guidance at $5, showing confidence in future earnings potential.
🔴 UBS Group lowers price target on PLD from $151.00 to $138.00, potentially impacting investor sentiment.
🔴 StockNews.com downgrades PLD from a hold rating to a sell rating, signaling negative outlook for the stock.
🟢 Prologis updates FY24 earnings guidance, projecting EPS of $5.45-5.55 and reaffirming strong financial performance.
🔴 JPMorgan Chase & Co. reduces price target on PLD from $143.00 to $128.00, indicating potential downside for the stock.
The recent news surrounding Prologis, Inc. (PLD) has been mixed, with some investment firms lowering price targets and downgrading the stock, while the company itself remains confident in its future earnings potential. The downward revisions in price targets and ratings may have a negative impact on investor sentiment, potentially leading to a decrease in the stock price. However, Prologis’ strong guidance for FY24 earnings and reaffirmed financial performance could help support the stock and mitigate some of the negative effects. Investors will need to closely monitor any further developments and updates from the company to make informed decisions about their investments in PLD.
PLD-Prologis, Inc. Analyst Ratings
📉 Evercore ISI cuts Prologis (PLD) price target to $123.00.
📉 Argus lowers Prologis (PLD) price target from $139.00 to $120.00.
📉 Barclays reduces Prologis (PLD) price target from $135.00 to $123.00.
Sources:
– ETF Daily News
– ETF Daily News
– ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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