Extra Space Storage Inc. (EXR)

Extra Space Storage Stock Forecast

Stock Price Forecast

The 13 analysts that cover Extra Space Storage stock have a consensus rating of "Buy" and an average price target of $158.38, which forecasts a 14.53% increase in the stock price over the next year. The lowest target is $55 and the highest is $204.

Price Target: $158.38 (+14.53%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$158.38	$162	$204
Change	-60.23%	+14.53%	+17.15%	+47.52%

Analyst Ratings

The average analyst rating for Extra Space Storage stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	1	1	2	2	2	2
Buy	3	5	5	5	5	4
Hold	7	6	7	7	7	7
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	13	14	14	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $148 → $146	Hold	Maintains	$148 → $146	+5.58%	Aug 4, 2025
Brad Heffern RBC Capital	RBC Capital	Hold Maintains $160 → $148	Hold	Maintains	$160 → $148	+7.02%	Aug 4, 2025
Eric Luebchow Wells Fargo	Wells Fargo	Hold Maintains $165 → $160	Hold	Maintains	$165 → $160	+15.70%	Jul 23, 2025
Michael Mueller JP Morgan	JP Morgan	Hold Maintains $160 → $162	Hold	Maintains	$160 → $162	+17.15%	Jun 13, 2025
Ravi Vaidya Mizuho	Mizuho	Buy Maintains $141 → $153	Buy	Maintains	$141 → $153	+10.64%	May 28, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

3.09B

Decreased by -7.43%

from 3.34B

Revenue Next Year

3.19B

Increased by 3.20%

from 3.09B

EPS This Year

4.79

Increased by 18.83%

from 4.03

EPS Next Year

4.85

Increased by 1.35%

from 4.79

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	3.39B
Revenue Growth	4.46%	16.77%	22.11%	33.04%	27.64%	-7.43%	3.20%	6.37%
EPS	3.71	6.19	6.41	4.74	4.03	4.79	4.85	5.21
EPS Growth	14.67%	66.96%	3.45%	-26.04%	-14.97%	18.83%	1.35%	7.35%
Forward PE	-	-	-	-	-	28.88	28.49	26.54
No. Analysts	-	-	-	-	-	10	10	8

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	3.5B	3.7B	3.9B
Avg	3.1B	3.2B	3.4B
Low	2.8B	2.8B	2.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	6.0%	19.6%	21.7%
Avg	-7.4%	3.2%	6.4%
Low	-16.3%	-8.3%	-7.7%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	5.26	5.43	5.78
Avg	4.79	4.85	5.21
Low	4.27	4.32	4.56

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	30.5%	13.4%	19.0%
Avg	18.8%	1.4%	7.3%
Low	6.0%	-9.8%	-6.1%

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.