Extra Space Storage Inc. (EXR)
NYSE: EXR · IEX Real-Time Price · USD
132.74
+0.28 (0.21%)
Apr 22, 2024, 4:00 PM EDT - Market closed
Extra Space Storage Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Extra Space Storage stock have an average target of 150.77, with a low estimate of 119 and a high estimate of 187. The average target predicts an increase of 13.58% from the current stock price of 132.74.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EXR stock from 13 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Buy | 1 | 2 | 2 | 2 | 4 | 3 |
| Hold | 6 | 6 | 6 | 6 | 7 | 7 |
| Sell | 2 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 11 | 11 | 12 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $150 → $160 | Buy | Maintains | $150 → $160 | +20.54% | Apr 5, 2024 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $160 | Strong Buy → Buy | Downgrades | $160 | +20.54% | Mar 28, 2024 |
| Barclays | Barclays | Buy Initiates $157 | Buy | Initiates | $157 | +18.28% | Mar 27, 2024 |
| Jefferies | Jefferies | Hold Maintains $155 → $158 | Hold | Maintains | $155 → $158 | +19.03% | Mar 7, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $155 → $150 | Buy | Maintains | $155 → $150 | +13.00% | Mar 4, 2024 |
Financial Forecast
Revenue This Year
2.97B
from 2.56B
Increased by 16.16%
Revenue Next Year
3.09B
from 2.97B
Increased by 3.77%
EPS This Year
4.41
from 4.74
Decreased by -6.88%
EPS Next Year
4.89
from 4.41
Increased by 10.81%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.4B | 3.6B | 3.9B | 3.4B | 3.6B |
| Avg | 3.0B | 3.1B | 3.3B | 3.2B | 3.4B |
| Low | 2.3B | 2.4B | 2.4B | 3.1B | 3.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.7% | 20.5% | 26.0% | 2.3% | 9.8% |
| Avg | 16.2% | 3.8% | 6.8% | -1.6% | 5.6% |
| Low | -9.5% | -19.9% | -20.6% | -4.5% | 2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.71 | 6.02 | 6.27 | 6.64 | 7.12 |
| Avg | 4.41 | 4.89 | 5.19 | 6.38 | 6.85 |
| Low | 3.90 | 4.15 | 4.51 | 6.19 | 6.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.5% | 36.3% | 28.2% | 27.9% | 11.5% |
| Avg | -6.9% | 10.8% | 6.1% | 23.1% | 7.3% |
| Low | -17.7% | -6.1% | -7.8% | 19.4% | 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.