BofA Securities analyst Camille Bonnel raised the price target on ProLogis (NYSE: PLD) to $162.00 (from $153.00) while maintaining a Buy rating.

The analyst comments "Prologis, Inc. (PLD) delivered strong 1Q26 results, highlighted by record leasing activity, better-than-budgeted occupancy and significant progress toward data center developments. PLD raised 2026 guidance by roughly +1%. Importantly, demand remains healthy and resilient despite the ongoing geopolitical / macroeconomic volatility. Market conditions continue to stabilize broadly with rent growth selectively emerging. We reiterate our Buy rating based on PLD’s high quality portfolio, platform, balance sheet and management team. We raise our 2026 Core FFO/share estimate to $6.18 from $6.13, now above the updated guidance midpoint and the Street, and increase our premium to NAV to 7.5% from 5% previously to reflect improving fundamentals. We increase our PO to $162 from $153."