Extra Space Storage Stock Forecast

Stock Price Forecast

According to 21 analysts polled by S&P Global, Extra Space Storage stock has a consensus rating of "Buy" and an average price target of $157.6. The average 1-year stock price forecast is 5.16% higher than the current stock price, while the lowest is $140 (-6.58%) and the highest is $178 (+18.77%).

Price Target: $157.6 (+5.16%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$140	$157.6	$157	$178
Change	-6.58%	+5.16%	+4.76%	+18.77%

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

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	6	6	6	6	6	5
Buy	2	3	2	3	3	4
Hold	12	11	12	11	12	12
Sell	1	1	1	1	0	0
Strong Sell	0	0	0	0	0	0
Total	21	21	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Todd Thomas KeyBanc	KeyBanc	Buy Maintains n/a	Buy	Maintains	n/a	n/a	Aug 4, 2026
Samir Khanal Bank of America Securities	Bank of America Securities	Hold Reiterates $156 → $160	Hold	Reiterates	$156 → $160	+6.76%	Aug 3, 2026
Caitlin Burrows Goldman Sachs	Goldman Sachs	Hold Maintains $152 → $160	Hold	Maintains	$152 → $160	+6.76%	Jul 30, 2026
Brad Heffern RBC Capital	RBC Capital	Hold Maintains $153 → $157	Hold	Maintains	$153 → $157	+4.76%	Jul 30, 2026
Michael Lewis Truist Financial	Truist Financial	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jul 29, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.97B

from 3.45B

-13.92%

from 3.45B

Revenue Next Year

3.06B

from 2.97B

3.06%

from 2.97B

EPS This Year

4.52

from 4.59

-1.53%

from 4.59

EPS Next Year

4.76

from 4.52

5.26%

from 4.52

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.61B	1.97B	2.62B	3.32B	3.45B	2.97B
Revenue Growth	16.77%	22.11%	33.04%	27.12%	3.68%	-13.92%
Net Income	827.65M	860.69M	803.20M	854.68M	974.00M	997.58M
EPS	-	-	-	-	4.59	4.52
EPS Growth	-	-	-	-	13.90%	-1.53%
Dividend / Share	4.50	6.00	6.48	6.48	6.48	6.48
Dividend Growth	-	33.33%	8.00%	-	-	-
Free Cash Flow	499.20M	713.75M	1.12B	721.30M	1.14B	1.23B
FFO	973.97M	1.20B	1.35B	1.68B	1.75B	1.82B
FFO / Share	-	-	-	7.57	7.90	8.30
P/FFO	-	-	-	18.47	16.12	18.06
No. Analysts	-	-	-	-	-	6

EPS based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	3.0B
Avg	3.0B
Low	3.0B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	-13.3%
Avg	-13.9%
Low	-14.2%

EPS Forecast

Chart

EPS	2026	2027	2028
High	4.64
Avg	4.52
Low	4.40

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	1.1%
Avg	-1.5%
Low	-4.1%