Why Prologis Stock Was a Winner on Thursday

Core Viewpoint - Prologis stock has shown upward momentum following a strong quarterly earnings report, with a notable price target increase from analysts, leading to a 3% rise in share price, outperforming the S&P 500 index [1][2]. Financial Performance - Prologis reported its fourth-quarter results, exceeding consensus analyst estimates on both revenue and earnings, with core funds from operations (FFO) increasing by 10% year over year [2]. Analyst Updates - Following the earnings report, several analysts updated their views, including Evercore ISI's Steve Sakwa, who raised his price target from $111 to$115 while maintaining a neutral recommendation [3]. - JPMorgan Chase's Michael Muller reiterated an overweight recommendation with a price target of $131, reflecting a bullish outlook on Prologis [4]. Future Outlook - Prologis is expected to have a prosperous 2025, with strong leasing activity post-presidential election and increased involvement in the data center segment, driven by rising demands for data storage due to artificial intelligence [5].