CubeSmart Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for CubeSmart stock have an average target of 46.31, with a low estimate of 38 and a high estimate of 53. The average target predicts an increase of 9.95% from the current stock price of 42.12.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$38	$46.31	$46	$53
Change	-9.78%	+9.95%	+9.21%	+25.83%

Analyst Ratings

The average analyst rating for CubeSmart stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	1	1	2	2	2	2
Buy	2	3	3	3	3	3
Hold	8	8	7	7	8	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	1	1	1	1
Total	11	12	13	13	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Luebchow Wells Fargo	Wells Fargo	Hold Maintains $42 → $46	Hold	Maintains	$42 → $46	+9.21%	Apr 5, 2024
Jonathan Hughes Raymond James	Raymond James	Buy Reiterates $48	Buy	Reiterates	$48	+13.96%	Mar 28, 2024
Brendan Lynch Barclays	Barclays	Hold Initiates $48	Hold	Initiates	$48	+13.96%	Mar 27, 2024
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $43 → $45	Hold	Maintains	$43 → $45	+6.84%	Mar 4, 2024
Omotayo Okusanya Deutsche Bank	Deutsche Bank	Strong Sell Initiates $40	Strong Sell	Initiates	$40	-5.03%	Jan 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.01B

from 1.05B

-4.03%

from 1.05B

Revenue Next Year

1.05B

from 1.01B

4.37%

from 1.01B

EPS This Year

1.78

from 1.82

-2.40%

from 1.82

EPS Next Year

1.85

from 1.78

4.02%

from 1.78

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	643.92M	679.18M	822.56M	1.01B	1.05B	1.01B	1.05B	1.12B	1.31B	1.42B
Revenue Growth	7.69%	5.48%	21.11%	22.74%	4.03%	-4.03%	4.37%	6.46%	17.14%	7.93%
EPS	0.88	0.85	1.09	1.29	1.82	1.78	1.85	1.92	1.92	2.06
EPS Growth	-	-3.41%	28.24%	18.35%	41.09%	-2.40%	4.02%	3.92%	-0.13%	7.45%
No. Analysts	-	-	-	-	-	9	9	6	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.1B	1.2B	1.2B	1.4B	1.5B
Avg	1.0B	1.1B	1.1B	1.3B	1.4B
Low	892.3M	920.5M	1.0B	1.3B	1.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.2%	19.0%	13.7%	20.5%	11.1%
Avg	-4.0%	4.4%	6.5%	17.1%	7.9%
Low	-15.0%	-8.7%	-4.5%	12.5%	3.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.87	1.95	2.02	1.97	2.12
Avg	1.78	1.85	1.92	1.92	2.06
Low	1.67	1.70	1.75	1.84	1.98

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	2.7%	10.0%	9.1%	2.8%	10.6%
Avg	-2.4%	4.0%	3.9%	-0.1%	7.4%
Low	-8.5%	-4.6%	-5.1%	-4.0%	3.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.