Extra Space Storage Inc. (EXR)
NYSE: EXR · IEX Real-Time Price · USD
147.00
+0.25 (0.17%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Extra Space Storage Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Extra Space Storage stock have an average target of 151.57, with a low estimate of 119 and a high estimate of 187. The average target predicts an increase of 3.11% from the current stock price of 147.00.

Analyst Consensus: Buy
Target Low Average Median High
Price $119 $151.57 $152 $187
Change -19.05% +3.11% +3.40% +27.21%

Analyst Ratings

The average analyst rating for EXR stock from 14 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 233332
Buy 112224
Hold 666667
Sell 220011
Strong Sell 000000
Total 111211111214

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Raymond James
Raymond James
Buy
Downgrades
$160
Buy Downgrades $160 +8.84% Mar 28, 2024
Barclays
Barclays
Buy
Initiates
$157
Buy Initiates $157 +6.80% Mar 27, 2024
Jefferies
Jefferies
Hold
Maintains
$155$158
Hold Maintains $155$158 +7.48% Mar 7, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$155$150
Buy Maintains $155$150 +2.04% Mar 4, 2024
Scotiabank
Scotiabank
Sell
Initiates
$131
Sell Initiates $131 -10.88% Feb 13, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
2.89B
from 2.56B
Increased by 12.88%
Revenue Next Year
3.06B
from 2.89B
Increased by 5.74%
EPS This Year
5.03
from 4.74
Increased by 6.07%
EPS Next Year
5.42
from 5.03
Increased by 7.85%
Year 2019202020212022202320242025202620272028
Revenue
1.31B1.36B1.58B1.92B2.56B2.89B3.06B3.38B3.25B3.43B
Revenue Growth
9.35%3.65%16.31%21.99%33.06%12.88%5.74%10.73%-4.11%5.58%
EPS
3.243.716.196.414.745.035.425.786.386.85
EPS Growth
-0.92%14.51%66.85%3.55%-26.05%6.07%7.85%6.68%10.34%7.28%
No. Analysts -----1111522
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 3.4B 3.6B 3.9B 3.4B 3.6B
Avg 2.9B 3.1B 3.4B 3.2B 3.4B
Low 2.5B 2.5B 3.0B 3.1B 3.3B

Revenue Growth

Revenue Growth 20242025202620272028
High
32.7%
23.3%
27.2%
-0.3%
9.8%
Avg
12.9%
5.7%
10.7%
-4.1%
5.6%
Low
-1.7%
-13.1%
-2.4%
-6.9%
2.4%

EPS Forecast

EPS 20242025202620272028
High 6.01 6.39 6.60 6.64 7.12
Avg 5.03 5.42 5.78 6.38 6.85
Low 3.90 4.15 4.51 6.19 6.64

EPS Growth

EPS Growth 20242025202620272028
High
26.7%
27.2%
21.8%
14.7%
11.5%
Avg
6.1%
7.9%
6.7%
10.3%
7.3%
Low
-17.7%
-17.6%
-16.9%
7.1%
4.1%
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.