Based on the provided data and technical analysis, here is the prediction for PLD's stock price next week:
Technical Analysis
News Sentiment Analysis Recent positive catalysts:
Price Targets Based on Fibonacci levels:
Prediction for Next Week Given the technical setup and positive news sentiment, PLD is likely to test the first resistance level at $118.04. The stock shows strong momentum with MACD in positive territory and price above key short-term moving averages.
Trading Recommendation: BUY Entry point: Current market price ($111.61) Target: $118.04 (5.8% upside potential) Stop loss: $105.17 (5.8% downside risk)
The recommendation is supported by:
The main risk is the moderately overbought RSI reading, suggesting potential for short-term consolidation before moving higher.
The price of PLD is predicted to go up -15.62%, based on the high correlation periods with TTI. The similarity of these two price pattern on the periods is 95.29%.
PLD
TTI
Prologis has the biggest portfolio of well-located industrial properties and is in the best position to capitalize on e-commerce demand. Prologis' recent acquisition of Duke Realty has given it an unrivaled scale in the industry.
The strategic capital segment of the company is capital-light and is a consistent cash flow generator.
The high mark-to-market will ensure same-store NOI growth in the upcoming years even if market rents do not grow.
Mizuho
Price Target
$119 → $117
Upside
+10.9%
Raymond James
Price Target
$130 → $125
Upside
+11.65%
BMO Capital
Price Target
$120 → $104
Upside
-7.14%