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Prologis Appoints New Chief Development Officer

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Prologis Appoints New Chief Development Officer

TipRanks Black Friday Sale

Prologis ( (PLD) ) has shared an announcement.

On November 24, 2025, Prologis, Inc. announced that Damon Austin will assume the role of Chief Development Officer starting January 1, 2026. Mr. Austin has been with the company since 2015, holding various leadership positions, and his appointment is expected to influence the company’s strategic development initiatives.

The most recent analyst rating on (PLD) stock is a Buy with a $144.00 price target. To see the full list of analyst forecasts on Prologis stock, see the PLD Stock Forecast page.

Spark’s Take on PLD Stock

According to Spark, TipRanks’ AI Analyst, PLD is a Outperform.

Prologis demonstrates strong financial performance with robust cash flow and profitability margins, which are key strengths. The positive earnings call with record leasing activity and data center expansion further supports the stock’s outlook. However, the high P/E ratio suggests potential overvaluation, and rising debt levels require careful management. Technical indicators show a positive trend, but the valuation remains a concern.

To see Spark’s full report on PLD stock, click here.

More about Prologis

Average Trading Volume: 3,425,907

Technical Sentiment Signal: Buy

Current Market Cap: $119.6B

For detailed information about PLD stock, go to TipRanks’ Stock Analysis page.

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