Public Storage Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Public Storage stock have an average target of 310.43, with a low estimate of 250 and a high estimate of 365. The average target predicts an increase of 19.27% from the current stock price of 260.28.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$250	$310.43	$330	$365
Change	-3.95%	+19.27%	+26.79%	+40.23%

Analyst Ratings

The average analyst rating for Public Storage 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	4	4	4	4	6	6
Buy	2	1	1	1	2	3
Hold	3	4	3	4	5	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	1	1	1	1
Total	9	9	9	10	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Luebchow Wells Fargo	Wells Fargo	Hold → Buy Upgrades $280 → $310	Hold → Buy	Upgrades	$280 → $310	+19.10%	Apr 5, 2024
Jonathan Hughes Raymond James	Raymond James	Hold → Strong Buy Upgrades $330	Hold → Strong Buy	Upgrades	$330	+26.79%	Mar 28, 2024
Brendan Lynch Barclays	Barclays	Hold Initiates $330	Hold	Initiates	$330	+26.79%	Mar 27, 2024
Juan Sanabria BMO Capital	BMO Capital	Buy Maintains $325 → $330	Buy	Maintains	$325 → $330	+26.79%	Mar 19, 2024
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $267 → $270	Hold	Maintains	$267 → $270	+3.73%	Mar 18, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.75B

from 4.52B

5.05%

from 4.52B

Revenue Next Year

4.82B

from 4.75B

1.60%

from 4.75B

EPS This Year

10.49

from 11.06

-5.15%

from 11.06

EPS Next Year

11.64

from 10.49

10.91%

from 10.49

Year	2019	2020	2021	2022	2023	2024	2024	2025	2025	2026	2026	2027	2028
Revenue	2.86B	2.92B	3.42B	4.18B	4.52B	4.75B	4.82B	4.84B	4.95B	5.23B	5.24B	5.48B	5.77B
Revenue Growth	3.46%	2.10%	17.18%	22.43%	8.02%	5.05%	1.60%	0.41%	2.27%	5.69%	0.13%	4.52%	5.24%
EPS	7.29	6.29	9.87	23.50	11.06	10.49	11.64	12.29	11.01	12.31	11.55	12.93	13.77
EPS Growth	-14.64%	-13.72%	56.92%	138.10%	-52.94%	-5.15%	10.91%	5.62%	-10.44%	11.82%	-6.13%	11.95%	6.48%
No. Analysts	-	-	-	-	-	11	8	5	11	3	7	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	5.2B	5.4B	5.7B	6.0B	6.4B
Avg	4.8B	5.0B	5.2B	5.5B	5.8B
Low	4.5B	4.4B	4.7B	5.0B	5.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	15.3%	11.9%	16.1%	15.4%	17.5%
Avg	6.7%	2.7%	5.8%	4.5%	5.2%
Low	0.5%	-9.6%	-4.2%	-4.9%	-5.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	13.01	12.62	13.30	13.88	15.04
Avg	11.64	11.01	11.55	12.93	13.77
Low	10.63	9.79	9.70	12.14	12.69

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	17.6%	8.5%	20.9%	20.2%	16.3%
Avg	5.2%	-5.4%	5.0%	11.9%	6.5%
Low	-3.9%	-15.9%	-11.8%	5.1%	-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.