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 $144.8, which forecasts a 0.68% increase in the stock price over the next year. The lowest target is $55 and the highest is $170.

Price Target: $144.8 (+0.68%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$144.8	$150	$170
Change	-61.76%	+0.68%	+4.30%	+18.20%

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	2	2	2	2	2
Buy	4	3	3	3	3	3
Hold	9	10	10	10	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	15	15	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ki Bin Kim Truist Securities	Truist Securities	Hold Maintains $158 → $150	Hold	Maintains	$158 → $150	+4.30%	May 6, 2026
Eric Luebchow Wells Fargo	Wells Fargo	Buy Maintains $150 → $148	Buy	Maintains	$150 → $148	+2.91%	Apr 16, 2026
Michael Mueller JP Morgan	JP Morgan	Hold Maintains $142 → $144	Hold	Maintains	$142 → $144	+0.13%	Mar 23, 2026
Brendan Lynch Barclays	Barclays	Buy Maintains $164 → $170	Buy	Maintains	$164 → $170	+18.20%	Mar 5, 2026
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $145 → $156	Hold	Maintains	$145 → $156	+8.47%	Mar 2, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.23B

from 3.45B

-6.34%

from 3.45B

Revenue Next Year

3.35B

from 3.23B

3.66%

from 3.23B

EPS This Year

4.72

from 4.59

2.83%

from 4.59

EPS Next Year

4.92

from 4.72

4.25%

from 4.72

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	3.23B	3.35B
Revenue Growth	16.77%	22.11%	33.04%	27.12%	3.68%	-6.34%	3.66%
EPS	6.19	6.41	4.74	4.03	4.59	4.72	4.92
EPS Growth	66.96%	3.45%	-26.04%	-14.97%	13.88%	2.83%	4.25%
Forward PE	-	-	-	-	-	30.48	29.23
No. Analysts	-	-	-	-	-	10	10

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

Revenue Forecast

Revenue	2026	2027
High	3.7B	3.8B
Avg	3.2B	3.3B
Low	2.9B	3.0B

Revenue Growth

Revenue Growth	2026	2027
High	6.2%	17.3%
Avg	-6.3%	3.7%
Low	-16.5%	-8.6%

EPS Forecast

EPS	2026	2027
High	5.16	5.33
Avg	4.72	4.92
Low	4.28	4.49

EPS Growth

EPS Growth	2026	2027
High	12.3%	13.0%
Avg	2.8%	4.3%
Low	-6.7%	-4.9%

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 sources.