Jim Cramer Shares Important Factor For Prologis (PLD) Stock

We have recently published Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. Prologis, Inc. (NYSE:PLD) is one of the stocks discussed by Jim Cramer.

Prologis, Inc. (NYSE:PLD) is a real estate firm that operates in the logistics and supply chain industry. Its shares are up by 39% over the past year and by 10% year-to-date. In April, Prologis, Inc. (NYSE:PLD)’s shares have gained 7.5%. BMO Capital discussed the firm on March 17th as it raised the share price target to $137 from $123 and a Market Perform rating on the shares. The coverage came after Bank of America had raised Prologis, Inc. (NYSE:PLD)’s share price target to $153 from $147 and reiterated a Buy rating. BofA outlined that the real estate firm was among the best performing industrial real estate investment trusts since its fourth quarter earnings and added that the recent weakness in Prologis, Inc. (NYSE:PLD)’s shares could represent a buying opportunity. The bank also raised its estimates for the REIT due to a larger data center opportunity:

“Like if you go to the Prologis conference call, the buildout. They were not promotionalist quarter, PLD. But oh my god it’s a great conference call, stock is up four. They’ve got the buildout data center, finally rates are ticking up. They can be a factor.”

Jim Cramer Shares Important Factor For Prologis (PLD) Stock

goodluz/Shutterstock.com

While we acknowledge the risk and potential of PLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.