Extra Space Storage Inc. (EXR)

Extra Space Storage Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Extra Space Storage stock have an average target of 171.83, with a low estimate of 155 and a high estimate of 204. The average target predicts an increase of 18.13% from the current stock price of 145.46.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$155	$171.83	$168	$204
Change	+6.56%	+18.13%	+15.50%	+40.24%

Analyst Ratings

The average analyst rating for Extra Space Storage stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	3	2	2	1	1	1
Buy	3	3	3	3	3	3
Hold	7	7	7	7	7	7
Sell	2	2	2	1	1	1
Strong Sell	0	0	0	0	0	0
Total	15	14	14	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brendan Lynch Barclays	Barclays	Buy Maintains $184 → $181	Buy	Maintains	$184 → $181	+24.43%	Mar 12, 2025
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $167 → $165	Hold	Maintains	$167 → $165	+13.43%	Mar 5, 2025
Brad Heffern RBC Capital	RBC Capital	Hold Maintains $167 → $163	Hold	Maintains	$167 → $163	+12.06%	Feb 27, 2025
Eric Luebchow Wells Fargo	Wells Fargo	Hold Maintains $170 → $165	Hold	Maintains	$170 → $165	+13.43%	Feb 21, 2025
Brendan Lynch Barclays	Barclays	Buy Maintains $192 → $184	Buy	Maintains	$192 → $184	+26.50%	Jan 13, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

3.09B

Decreased by -7.55%

from 3.34B

Revenue Next Year

3.19B

Increased by 3.21%

from 3.09B

EPS This Year

4.51

Increased by 11.83%

from 4.03

EPS Next Year

4.74

Increased by 5.15%

from 4.51

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.38B	1.61B	1.97B	2.62B	3.34B	3.09B	3.19B	3.43B
Revenue Growth	4.46%	16.77%	22.11%	33.04%	27.64%	-7.55%	3.21%	7.79%
EPS	3.71	6.19	6.41	4.74	4.03	4.51	4.74	5.22
EPS Growth	14.67%	66.96%	3.45%	-26.04%	-14.97%	11.83%	5.15%	10.18%
Forward PE	-	-	-	-	-	32.28	30.69	27.86
No. Analysts	-	-	-	-	-	10	10	6

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	3.5B	3.6B	3.8B
Avg	3.1B	3.2B	3.4B
Low	2.8B	2.8B	3.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	5.4%	17.8%	17.8%
Avg	-7.5%	3.2%	7.8%
Low	-16.8%	-8.5%	-1.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	5.12	5.22	5.68
Avg	4.51	4.74	5.22
Low	4.21	4.32	4.82

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	27.1%	15.8%	19.9%
Avg	11.8%	5.2%	10.2%
Low	4.6%	-4.1%	1.7%

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.