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Extra Space Storage (EXR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

EXR Stock Forecast

Extra Space Storage (EXR) stock forecast, based on 12 Wall Street analysts, predicts a 12-month average price target of $173.00, with a high of $178.00 and a low of $167.00. This represents a 11.61% increase from the last price of $155.00.

$130 $141 $152 $163 $174 $185 High: $178 Avg: $173 Low: $167 Last Closed Price: $155

EXR Stock Rating

Extra Space Storage stock's rating consensus is Buy, based on 12 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (58.33%), 5 Hold (41.67%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 12 0 5 7 Strong Sell Sell Hold Buy Strong Buy

EXR Price Target Upside V Benchmarks

TypeNameUpside
StockExtra Space Storage11.61%
SectorReal Estate Stocks 14.12%
IndustryIndustrial REIT Stocks 20.68%

Price Target Trends

1M3M12M
# Anlaysts-18
Avg Price Target-$175.00$172.88
Last Closing Price$155.00$155.00$155.00
Upside/Downside-12.90%11.54%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 253312-119
Jan, 253312-220
Dec, 243311-219
Nov, 2433111220
Oct, 2436112224
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 01, 2025Jonathan PetersenJefferies$175.00$149.6016.98%12.90%
Oct 21, 2024Eric LuebchowWells Fargo$175.00$171.282.17%12.90%
Sep 18, 2024Jonathan PetersenJefferies$204.00$178.7814.11%31.61%
Sep 16, 2024Steve SakwaEvercore ISI$170.00$177.48-4.21%9.68%
Sep 09, 2024Todd ThomasNational Bank$178.00$175.851.22%14.84%
Aug 16, 2024Ki Bin KimTruist Financial$167.00$165.930.64%7.74%
Aug 05, 2024Jeff SpectorBank of America Securities$155.00$158.74-2.36%-
Jul 19, 2024Nicholas YulicoScotiabank$159.00$165.44-3.89%2.58%
Jun 30, 2023Ronald KamdemMorgan Stanley$74.00$147.80-49.93%-52.26%
Aug 15, 2022Ki Bin KimTruist Financial$225.00$213.795.24%45.16%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 09, 2025ScotiabankUnderperformSector Performupgrade
Jan 01, 2025JefferiesBuyBuyhold
Oct 21, 2024Wells FargoNeutralEqual-Weightdowngrade
Sep 18, 2024BarclaysOverweightEqual-Weightupgrade
Sep 18, 2024JefferiesBuyupgrade
Sep 16, 2024Evercore ISIPositivePositivehold
Sep 09, 2024RBC CapitalSector Performinitialise
Sep 09, 2024KeyBancOverweightOverweighthold
Aug 22, 2024ScotiabankUnderperformUnderperformhold
Aug 22, 2024BarclaysOverweightOverweighthold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$3.71$6.20$6.42$4.75-----
Avg Forecast$3.35$5.32$6.09$4.90$3.93$4.56$4.91$5.40$5.83
High Forecast$3.15$5.00$6.01$4.87$3.91$4.52$4.47$5.05$5.70
Low Forecast$3.57$5.67$6.15$4.92$3.94$4.65$5.71$5.71$5.99
Surprise %10.75%16.54%5.42%-3.06%-----

Revenue Forecast

$1B $2B $2B $3B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$1.36B$1.58B$1.92B$2.56B-----
Avg Forecast$1.34B$1.58B$1.93B$2.44B$3.26B$3.37B$3.52B$3.80B$3.99B
High Forecast$1.28B$1.50B$1.91B$2.39B$3.17B$3.29B$3.46B$3.73B$3.92B
Low Forecast$1.41B$1.66B$1.95B$2.49B$3.42B$3.48B$3.60B$3.87B$4.08B
Surprise %0.97%0.12%-0.33%4.91%-----

Net Income Forecast

$300M $450M $600M $750M $900M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$481.78M$827.65M$860.69M$803.20M-----
Avg Forecast$398.60M$590.06M$746.88M$801.97M$663.65M$775.43M$861.40M$910.10M$986.56M
High Forecast$318.88M$472.05M$597.51M$641.57M$661.19M$764.32M$757.19M$854.70M$963.85M
Low Forecast$478.32M$708.07M$896.26M$962.36M$666.11M$786.55M$965.62M$965.50M$1.01B
Surprise %20.87%40.27%15.24%0.15%-----

EXR Forecast FAQ

Is Extra Space Storage stock a buy?

Extra Space Storage stock has a consensus rating of Buy, based on 12 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Extra Space Storage is a favorable investment for most analysts.

What is Extra Space Storage's price target?

Extra Space Storage's price target, set by 12 Wall Street analysts, averages $173 over the next 12 months. The price target range spans from $167 at the low end to $178 at the high end, suggesting a potential 11.61% change from the previous closing price of $155.

How does Extra Space Storage stock forecast compare to its benchmarks?

Extra Space Storage's stock forecast shows a 11.61% upside, underperforming the average forecast for the real estate stocks sector (14.12%) and underperforming the industrial reit stocks industry (20.68%).

What is the breakdown of analyst ratings for Extra Space Storage over the past three months?

  • February 2025: 15.79% Strong Buy, 15.79% Buy, 63.16% Hold, 0% Sell, 5.26% Strong Sell.
  • January 2025: 15.00% Strong Buy, 15.00% Buy, 60.00% Hold, 0% Sell, 10.00% Strong Sell.
  • December 2024: 15.79% Strong Buy, 15.79% Buy, 57.89% Hold, 0% Sell, 10.53% Strong Sell.

What is Extra Space Storage’s EPS forecast?

Extra Space Storage's average annual EPS forecast for its fiscal year ending in December is $3.93 for 2024, a -17.26% decrease from the reported $4.75 in 2023. The prediction for 2025 is $4.56, $4.91 for 2026, $5.4 for 2027, and $5.83 for 2028.

What is Extra Space Storage’s revenue forecast?

Extra Space Storage's average annual revenue forecast for its fiscal year ending in December is $3.26B for 2024, a 27.28% increase from the reported $2.56B in 2023. The forecast for 2025 is $3.37B, $3.52B for 2026, $3.8B for 2027, and $3.99B for 2028.

What is Extra Space Storage’s net income forecast?

For its fiscal year ending in December, Extra Space Storage's average annual net income forecast is $663.65M for 2024, reflecting a -17.37% decrease from the reported $803.2M in 2023. The projection for 2025 is $775.43M, $861.4M for 2026, $910.1M for 2027, and $986.56M for 2028.