Public Storage (PSA)
NYSE: PSA · IEX Real-Time Price · USD
261.81
-0.41 (-0.16%)
At close: Apr 17, 2024, 4:00 PM
270.00
+8.19 (3.13%)
After-hours: Apr 17, 2024, 5:19 PM EDT

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 18.57% from the current stock price of 261.81.

Analyst Consensus: Buy
Target Low Average Median High
Price $250 $310.43 $330 $365
Change -4.51% +18.57% +26.05% +39.41%

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 '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 444466
Buy 211123
Hold 343454
Sell 000000
Strong Sell 001111
Total 999101414

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wells Fargo
Wells Fargo
Buy
Upgrades
$280$310
Buy Upgrades $280$310 +18.41% Apr 5, 2024
Raymond James
Raymond James
Strong Buy
Upgrades
$330
Strong Buy Upgrades $330 +26.05% Mar 28, 2024
Barclays
Barclays
Hold
Initiates
$330
Hold Initiates $330 +26.05% Mar 27, 2024
BMO Capital
BMO Capital
Buy
Maintains
$325$330
Buy Maintains $325$330 +26.05% Mar 19, 2024
Scotiabank
Scotiabank
Hold
Maintains
$267$270
Hold Maintains $267$270 +3.13% Mar 18, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
4.75B
from 4.52B
Increased by 5.05%
Revenue Next Year
4.82B
from 4.75B
Increased by 1.60%
EPS This Year
10.49
from 11.06
Decreased by -5.15%
EPS Next Year
11.64
from 10.49
Increased by 10.91%
Year 2019202020212022202320242024202520252026202620272028
Revenue
2.86B2.92B3.42B4.18B4.52B4.75B4.82B4.84B4.95B5.23B5.24B5.48B5.77B
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
7.296.299.8723.5011.0610.4911.6412.2911.0112.3111.5512.9313.77
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 -----1185113733
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.