BMO Capital Raises Prologis (PLD) Price Target to $162 on Exposure to Data Center Demand

Prologis, Inc. (NYSE:PLD) is one of the 10 Best Industrial Stocks Benefiting from the Data Center Boom. According to a report by TheFly on May 8, BMO Capital raised the price target on Prologis to $162 from $137 and upgraded the stock’s rating to Outperform from Market Perform, as it cited the company’s exposure to data center demand.

BMO highlighted the company’s ability to benefit from the surging data center demand as both a developer and an industrial landlord, adding that data center suppliers now represent 10% of Prologis’ new leasing volume.

Last month, Prologis reported revenues of $2.3 billion for the first quarter of the year, higher than its $2.14 billion revenues in the same period a year ago. The company also reported net earnings per diluted share of $1.05 for the quarter, compared with $0.63 for the corresponding period in 2025.

Based on 24 analyst ratings compiled by CNN, 63% rated Prologis Buy, while 38% rated it Hold. As of May 8, Prologis has an average price target of $154, a 6.88% upside from the current price of $144.09.

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.

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