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Extra Space Storage (EXR) Stock Forecast & Price Target

$166.31
+0.54 (+0.33%)
(As of 02:10 PM ET)

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 12 Wall Street analysts who have issued ratings for Extra Space Storage in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 1 has given a sell rating, 6 have given a hold rating, and 5 have given a buy rating for EXR.

Consensus Price Target

$156.42
-5.95% Downside
High Forecast$187.00
Average Forecast$156.42
Low Forecast$119.00

According to the 12 analysts' twelve-month price targets for Extra Space Storage, the average price target is $156.42. The highest price target for EXR is $187.00, while the lowest price target for EXR is $119.00. The average price target represents a forecasted downside of -5.95% from the current price of $166.31.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$156.42$151.83$150.17$169.38
Forecasted Upside-5.95% Downside6.85% Upside8.22% Upside7.50% Upside
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EXR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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EXR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Extra Space Storage Stock vs. The Competition

TypeExtra Space StorageFinance CompaniesS&P 500
Consensus Rating Score
2.33
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-6.64% Downside36.49% Upside9.33% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/23/2024Raymond James
4 of 5 stars
 Boost TargetOutperform ➝ Outperform$160.00 ➝ $175.00+5.41%
7/19/2024Scotiabank
5 of 5 stars
 Boost TargetSector Underperform ➝ Sector Underperform$140.00 ➝ $159.00-3.11%
7/15/2024Evercore ISI
2 of 5 stars
 Boost TargetIn-Line ➝ In-Line$140.00 ➝ $151.00-5.49%
6/7/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$168.00 ➝ $160.00+7.75%
5/20/2024Barclays
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 Boost TargetOverweight ➝ Overweight$157.00 ➝ $158.00+4.62%
4/5/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$150.00 ➝ $160.00+11.00%
1/30/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$141.00-4.76%
1/11/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$168.00 ➝ $187.00+19.23%
12/28/2023Truist Financial
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 Boost TargetHold ➝ Hold$138.00 ➝ $152.00-5.66%
12/21/2023Morgan Stanley
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 UpgradeUnderweight ➝ Equal Weight$115.00 ➝ $150.00-1.45%
11/8/2023Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$185.00 ➝ $165.00+39.21%
10/30/2023Bank of America
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 DowngradeBuy ➝ Neutral$155.00 ➝ $119.00+14.00%
4/5/2023KeyCorp
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 Lower TargetOverweight$190.00 ➝ $172.00+7.39%
1/18/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
12/16/2022JPMorgan Chase & Co.
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Michael Mueller
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DowngradeOverweight ➝ Neutral$177.00 ➝ $167.00+7.31%
7/25/2022UBS Group
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 Lower TargetBuy$234.00 ➝ $197.00+10.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:27 PM ET.

EXR Forecast - Frequently Asked Questions

What is Extra Space Storage's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Extra Space Storage is $156.42, with a high forecast of $187.00 and a low forecast of $119.00.

Should I buy or sell Extra Space Storage stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There is currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EXR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXR, but not buy additional shares or sell existing shares.

Does Extra Space Storage's stock price have much upside?

According to analysts, Extra Space Storage's stock has a predicted upside of 5.77% based on their 12-month stock forecasts.

What analysts cover Extra Space Storage?

Extra Space Storage has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Raymond James, and Scotiabank in the past 90 days.

Do Wall Street analysts like Extra Space Storage more than its competitors?

Analysts like Extra Space Storage less than other "finance" companies. The consensus rating score for Extra Space Storage is 2.33 while the average consensus rating score for "finance" companies is 2.45. Learn more on how EXR compares to other companies.


This page (NYSE:EXR) was last updated on 7/23/2024 by MarketBeat.com Staff

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