Wells Fargo (NYSE:WFC) analyst Blaine Heck maintained a Buy rating on Prologis (NYSE:PLD) on Friday, setting a price target of $175, which is approximately 16.22% above the present share price of $150.58.
Heck expects Prologis to post earnings per share (EPS) of $0.98 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Prologis, with an average price target of $156.91.
The analysts price targets range from a high of $180 to a low of $139.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.18 billion and a net profit of $411.86 million. The company's market cap is $111.33 billion.
According to TipRanks.com, Wells Fargo analyst Blaine Heck is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 8.9% and a 75.00% success rate.
Prologis, Inc. is a real estate investment trust which is engaged in the logistics real estate business. The company owns, operates and develops industrial real estate, with a focus on the consumption side of the global supply chain.