6. Prologis, Inc. (NYSE:PLD)
Market Cap: $135.39 billion
Number of Hedge Fund Holders: 54
Prologis, Inc. (NYSE:PLD) is one of the best under-the-radar data stocks to buy. Prologis shares rose 41.49% in the past year and by 9.59% year-to-date. According to a report by TheFly, Citi analyst Nick Joseph raised his price target on Prologis to $165 from $145 and reiterated a Buy rating on the company following the company’s first-quarter results.
Similarly, Scotiabank analyst Nicholas Yulico also raised the firm’s price target on Prologis to $154 from $146 and kept an Outperform rating on the shares, also driven by the firm’s strong first-quarter performance. On April 16, the company reported revenues for the quarter ending March 31, 2026, of $2.3 billion, higher than its $2.14 billion revenues in the same period a year ago. Prologis also reported that net earnings per diluted share were $1.05 for the quarter compared with $0.63 for the corresponding period in 2025.
On April 9, the company partnered with global investment group La Caisse to create Prologis Logistics Investment Venture Europe (PLIVE), a new pan-European joint venture focused on acquiring, developing, and operating high-quality logistics properties. Earlier in March, the company formed a $1.6 billion joint venture with global institutional investor GIC to develop and own build-to-suit logistics facilities across major U.S. markets.
Prologis Chief Financial Officer Timothy D. Ardnt emphasized that the new partnerships will enhance the company’s ability to invest at scale. He said:
“Through our Strategic Capital platform, new partnerships with GIC and La Caisse will expand our access to capital and enhance our ability to invest at scale while preserving balance sheet strength and financial flexibility. Even amid an uncertain geopolitical environment, this combination of strong execution and capital strength underpins our increased Core FFO outlook.”
Prologis, Inc. (NYSE:PLD) creates intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. The company leases modern logistics facilities to a diverse base of approximately 6,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
While we acknowledge the potential of PLD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLD and that has 100x upside potential, check out our report about the cheapest AI stock.
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