Public Storage (PSA)

Public Storage Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Public Storage stock have an average target of 310.58, with a low estimate of 250 and a high estimate of 340. The average target predicts an increase of 2.96% from the current stock price of 301.65.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$250	$310.58	$327	$340
Change	-17.12%	+2.96%	+8.40%	+12.71%

Analyst Ratings

The average analyst rating for Public Storage stock from 12 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	4	6	6	5	5	5
Buy	1	3	4	4	4	3
Hold	4	4	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	10	14	14	13	13	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $289 → $314	Hold	Maintains	$289 → $314	+4.09%	Jul 19, 2024
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $289 → $300	Hold	Maintains	$289 → $300	-0.55%	Jul 15, 2024
Brendan Lynch Barclays	Barclays	Buy Maintains $330 → $327	Buy	Maintains	$330 → $327	+8.40%	May 20, 2024
Eric Luebchow Wells Fargo	Wells Fargo	Hold → Buy Upgrades $280 → $310	Hold → Buy	Upgrades	$280 → $310	+2.77%	Apr 5, 2024
Jonathan Hughes Raymond James	Raymond James	Hold → Strong Buy Upgrades $330	Hold → Strong Buy	Upgrades	$330	+9.40%	Mar 28, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.82B

Increased by 6.74%

from 4.52B

Revenue Next Year

4.74B

Decreased by -1.78%

from 4.82B

EPS This Year

11.64

Increased by 5.20%

from 11.06

EPS Next Year

10.67

Decreased by -8.27%

from 11.64

Year	2019	2020	2021	2022	2023	2024	2024	2025	2025	2026	2026	2027	2027	2028	2028
Revenue	2.86B	2.92B	3.42B	4.18B	4.52B	4.82B	4.74B	4.95B	4.84B	5.23B	5.24B	5.53B	5.53B	5.79B	5.79B
Revenue Growth	3.46%	2.10%	17.18%	22.43%	8.02%	6.74%	-1.78%	4.43%	-2.10%	8.10%	0.19%	5.43%	-	4.72%	-
EPS	7.29	6.29	9.87	23.50	11.06	11.64	10.67	11.07	12.29	12.31	11.66	12.28	12.28	13.35	13.35
EPS Growth	-14.64%	-13.72%	56.92%	138.10%	-52.94%	5.20%	-8.27%	3.73%	11.01%	0.14%	-5.23%	5.33%	-	8.69%	-
Forward PE	-	-	-	-	-	25.93	28.26	27.25	24.55	24.51	25.86	24.55	24.55	22.59	22.59
No. Analysts	-	-	-	-	-	8	11	11	5	3	7	4	4	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	5.1B	5.7B	5.7B	6.1B	6.4B
Avg	4.7B	4.8B	5.2B	5.5B	5.8B
Low	4.3B	3.4B	4.7B	5.0B	5.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.2%	20.8%	18.1%	15.8%	16.4%
Avg	4.8%	2.2%	8.3%	5.4%	4.7%
Low	-4.0%	-27.4%	-2.4%	-3.7%	-5.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	12.15	13.97	13.30	13.40	14.35
Avg	10.67	12.29	11.66	12.28	13.35
Low	9.90	11.32	9.88	11.26	12.51

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	9.8%	30.8%	8.3%	14.9%	16.8%
Avg	-3.5%	15.1%	-5.1%	5.3%	8.7%
Low	-10.5%	6.1%	-19.6%	-3.5%	1.9%

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 disclaimer.