- Prologis Inc.’s revenue in 2022 was $5.97 Billion, which was increased in comparison to 2021. Its operating income was $3.47 Billion.
- The company’s net income in 2022 was $3.36 Billion, which increased as compared to 2021.
- The company’s Asset Under Management(AUM) in 2022 was $87.90 Billion, which decreased as compared to 2021.
The company was formed in 2011 through the merger of ProLogis and AMB Property Corporation. The REIT of PLD is listed on the New York Stock Exchange(NYSE).
The market capitalization of PLD is $103.01 Billion. Overall the company is up by 384 times, which is amazing.
It is good for the long run because the company is in an uptrend position. It indicates that in the future it can provide good returns.
PLD Technical Analysis
Through the line chart analysis, we can conclude that the stock ranges b/w a resistance zone and a support zone.
It has not given any breakout and is continuing its move in a sideways position in 2023. The fundamentals are strong but the technical chart is weak.
It might retrace until it takes support and starts to move upward. It is down by 1.55% in today’s trading day.
Today, it is hosting a Global Supply Chain event in which leaders from Home Depot, ProLogis, Nvidia, BYD Americans, Instacart, and many more will assemble in the Prologis HeadQuarters. Prologis is a REIF (Real Estate Investment Fund) that invests in logistics services.
The continuous formation of red candles indicates that the current market sentiments of PLD are bearish. This pattern confirms that it will continue its downward journey.
The name of pattern is known as the “Bearish Candlestick Pattern”. The price of the PLD in 2022 (year-end) was around $110. In 2023, the current market price of the PLD is $111.50. It increased approximately $1.50 in the 9 months.
On 21 April 2022, it made its all-time high, which was $167.55. Its all-time low was, which was made on 08 November 2021.
Price Prediction of PLD (2024-2030)
| Year | Change | Prediction |
| 2024 | 13.66% | $ 126.73 |
| 2025 | 29.19% | $ 144.05 |
| 2026 | 46.84% | $ 163.73 |
| 2027 | 66.90% | $ 186.09 |
| 2028 | 89.70% | $ 211.52 |
| 2029 | 115.62% | $ 240.42 |
| 2030 | 145.08% | $ 273.26 |
Live Chart
Conclusion
PLD was up by 64.48% in the last 5 years, but it was also up by 9.01% last year. F&I Index (Fear & Greed Index) is showing 39 (Fear). It recorded 13/30 days green in the last 30 days, which is around 43%. The price volatility was around 2.22% over the last 30 days.
The price might drop to $108.52 which is around 2.67% drop by 2 October 2023. PLD is not good for the short run time frame. Investors can use it for the long run. In the long run, it can continue its bull momentum.
Technical Levels
Resistance Level- $166.11
Support Level- $96.61
Disclaimer
This is a general article that does not provide any financial or investment information. Investors should focus on both technical analysis as well as fundamental analysis. The analysis is done to provide information to readers. To make them aware of investments.