Extra Space Storage Inc. (EXR)
NYSE: EXR · IEX Real-Time Price · USD
164.10
-3.12 (-1.87%)
At close: Jul 19, 2024, 4:00 PM
164.92
+0.82 (0.50%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
Extra Space Storage Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Extra Space Storage stock have an average target of 153.23, with a low estimate of 119 and a high estimate of 187. The average target predicts a decrease of -6.62% from the current stock price of 164.10.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EXR stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 4 | 3 | 3 | 3 | 3 |
| Hold | 6 | 7 | 7 | 7 | 7 | 7 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 14 | 13 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $140 → $151 | Hold | Maintains | $140 → $151 | -7.98% | Jul 15, 2024 |
| Citigroup | Citigroup | Hold Maintains $168 → $160 | Hold | Maintains | $168 → $160 | -2.50% | Jun 7, 2024 |
| Barclays | Barclays | Buy Maintains $157 → $158 | Buy | Maintains | $157 → $158 | -3.72% | May 20, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $150 → $160 | Buy | Maintains | $150 → $160 | -2.50% | Apr 5, 2024 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $160 | Strong Buy → Buy | Downgrades | $160 | -2.50% | Mar 28, 2024 |
Financial Forecast
Revenue This Year
2.86B
from 2.56B
Increased by 11.83%
Revenue Next Year
2.97B
from 2.86B
Increased by 3.81%
EPS This Year
4.49
from 4.74
Decreased by -5.22%
EPS Next Year
4.80
from 4.49
Increased by 6.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.3B | 3.4B | 3.9B | 3.4B | 3.6B |
| Avg | 2.9B | 3.0B | 3.2B | 3.2B | 3.4B |
| Low | 2.3B | 2.4B | 2.4B | 3.1B | 3.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 30.5% | 19.5% | 30.0% | 4.5% | 9.9% |
| Avg | 11.8% | 3.8% | 8.2% | 0.5% | 5.8% |
| Low | -9.5% | -16.8% | -17.6% | -2.5% | 2.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.71 | 6.02 | 6.27 | 5.51 | 5.97 |
| Avg | 4.49 | 4.80 | 5.08 | 5.30 | 5.75 |
| Low | 3.99 | 4.02 | 4.08 | 5.15 | 5.58 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.5% | 33.9% | 30.7% | 8.6% | 12.7% |
| Avg | -5.2% | 6.8% | 5.8% | 4.5% | 8.4% |
| Low | -15.9% | -10.6% | -15.0% | 1.4% | 5.2% |
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.