Why Prologis (PLD) is a Top Stock for the Long-Term
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Prologis (PLD)
Prologis, Inc. is a leading industrial real estate investment trust (REIT) that acquires, develops, operates and manages industrial real estate space in the Americas, Asia and Europe. The company principally targets investments in distribution facilities for customers who are engaged in global trade and depend on efficient movement of goods through the global supply chain.
Since being added to the Zacks Focus List on June 3, 2020 at $95.46 per share, shares of PLD have increased 37.19% to $130.96.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.01 to $5.60. PLD also boasts an average earnings surprise of 3.9%.
Additionally, Prologis' earnings are expected to grow 8.5% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like PLD, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Prologis, Inc. (PLD) : Free Stock Analysis Report
