Extra Space Storage Inc. (EXR)

Extra Space Storage Stock Forecast

Stock Price Forecast

The 15 analysts that cover Extra Space Storage stock have a consensus rating of "Buy" and an average price target of $146.07, which forecasts a -2.46% decrease in the stock price over the next year. The lowest target is $55 and the highest is $169.

Price Target: $146.07 (-2.46%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$146.07	$150	$169
Change	-63.27%	-2.46%	+0.16%	+12.85%

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	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	2	2	2	2	2	2
Buy	4	4	4	3	3	3
Hold	7	7	9	10	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $145 → $156	Hold	Maintains	$145 → $156	+4.17%	Mar 2, 2026
Brad Heffern RBC Capital	RBC Capital	Hold Maintains $142 → $153	Hold	Maintains	$142 → $153	+2.16%	Feb 23, 2026
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $147 → $150	Hold	Maintains	$147 → $150	+0.16%	Feb 23, 2026
Eric Luebchow Wells Fargo	Wells Fargo	Buy Maintains $160 → $150	Buy	Maintains	$160 → $150	+0.16%	Feb 5, 2026
Michael Lewis Truist Securities	Truist Securities	Hold Maintains $142 → $146	Hold	Maintains	$142 → $146	-2.51%	Jan 20, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.20B

Decreased by -7.15%

from 3.45B

Revenue Next Year

3.33B

Increased by 4.03%

from 3.20B

EPS This Year

4.88

Increased by 6.30%

from 4.59

EPS Next Year

5.09

Increased by 4.32%

from 4.88

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.61B	1.97B	2.62B	3.32B	3.45B	3.20B	3.33B
Revenue Growth	16.77%	22.11%	33.04%	27.12%	3.68%	-7.15%	4.03%
EPS	6.19	6.41	4.74	4.03	4.59	4.88	5.09
EPS Growth	66.96%	3.45%	-26.04%	-14.97%	13.88%	6.30%	4.32%
Forward PE	-	-	-	-	-	30.70	29.43
No. Analysts	-	-	-	-	-	10	9

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	3.7B	3.8B
Avg	3.2B	3.3B
Low	2.9B	2.9B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	6.2%	19.5%
Avg	-7.1%	4.0%
Low	-16.5%	-8.0%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	5.19	5.42
Avg	4.88	5.09
Low	4.47	4.57

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	13.0%	11.1%
Avg	6.3%	4.3%
Low	-2.6%	-6.4%

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.