Extra Space Storage (EXR) Stock Forecast & Price Target

$159.45 +0.50 (+0.32%)

Closing price 03:59 PM Eastern

Extended Trading

$158.55 -0.90 (-0.56%)

As of 06:30 PM Eastern

Compare

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
8

Buy
8

Based on 16 Wall Street analysts who have issued ratings for Extra Space Storage in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 8 have given a hold rating, and 8 have given a buy rating for EXR.

Consensus Price Target

$156.75
-1.69% Downside

According to the 16 analysts' twelve-month price targets for Extra Space Storage, the average price target is $156.75. The highest price target for EXR is $174.00, while the lowest price target for EXR is $141.00. The average price target represents a forecasted downside of -1.69% from the current price of $159.45.

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.

Get the Latest News and Ratings for EXR and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Extra Space Storage and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

EXR Analyst Ratings Over Time

Type	Current Forecast 11/11/25 to 11/11/26	1 Month Ago 10/12/25 to 10/12/26	3 Months Ago 8/13/25 to 8/13/26	1 Year Ago 11/11/24 to 11/11/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	11 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$156.75	$156.13	$155.13	$148.36
Forecasted Upside	-1.69% Downside	16.45% Upside	3.82% Upside	10.86% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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.

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.

Extra Space Storage Stock vs. The Competition

Type	Extra Space Storage	Real Estate Companies	Broader Market
Consensus Rating Score	2.50	2.31	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-1.69% Downside	24.08% Upside	13.64% Upside
News Sentiment Rating	Positive News See Recent EXR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Show

Rating

Upside/Downside

Action

Report Date

0 Results

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
11/4/2026	UBS Group 4 of 5 stars	Michael Goldsmith 3 of 5 stars	Boost Target	Buy	$152.00 ➝ $174.00	+7.86%
11/2/2026	Weiss Ratings 2 of 5 stars		Upgrade	Hold (C) ➝ Hold (C+)
10/29/2026	Royal Bank Of Canada 3 of 5 stars	Brad Heffern 2 of 5 stars	Lower Target	Sector Perform	$157.00 ➝ $156.00	+4.28%
10/28/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target		$142.00 ➝ $146.00	-5.87%
10/12/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target		$165.00 ➝ $151.00	-2.64%
10/1/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Lewis Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Buy	$148.00 ➝ $147.00	+10.49%
9/21/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Mueller Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$157.00 ➝ $153.00	+11.88%
9/2/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	Ravi Vaidya Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$155.00 ➝ $152.00	+8.55%
9/1/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Eric Luebchow Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$158.00 ➝ $157.00	+11.24%
8/27/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Juan Sanabria Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Market Perform ➝ Outperform	$160.00 ➝ $170.00	+17.99%
I'm handing you this one free (Ad) Elon Musk doesn't own the chip powering every Tesla, every Starlink dish, and every AI satellite he builds. He licenses it from one overlooked company. That supplier just got a major catalyst. Musk filed to launch 1,000,000 satellites, a move analyst Dylan believes could drive a 100X bigger bill for this chipmaker starting December 8th. See today's free stock pick before the December 8th deadline here
8/18/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Nicholas Yulico Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Sector Perform	$157.00 ➝ $158.00	+6.51%
8/13/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Outperform	$156.00 ➝ $163.00	+5.09%
7/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Neutral	$152.00 ➝ $160.00	+8.08%
7/16/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Outperform	$160.00 ➝ $44.00	-70.11%
7/10/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Brendan Lynch Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$170.00 ➝ $172.00	+20.53%
6/16/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Jeffrey Spector Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Underperform ➝ Neutral	$147.00 ➝ $156.00	+6.40%
4/29/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Equal Weight	$152.00 ➝ $155.00	+0.02%
8/22/2025	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Smedes Rose Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$165.00 ➝ $150.00	+4.70%
5/13/2025	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings	Mark Zgutowicz Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$61.00 ➝ $55.00	-62.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:36 PM ET.

Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 9, 2026. Please send any questions or comments about these Extra Space Storage pros and cons to contact@marketbeat.com.

Extra Space Storage
Bull Case

Here are some ways that investors could benefit from investing in Extra Space Storage Inc.:

Extra Space Storage Inc. recently raised its full-year Core FFO guidance for the second time in two quarters, signaling strong confidence in its financial trajectory and operational efficiency.
The company declared a quarterly dividend of $1.62 per share, which translates to an attractive annualized yield of approximately 4.0% based on the current stock price of $159.87.
Major financial institutions have recently upgraded their outlooks, with Jefferies raising its price target to $178 and UBS Group increasing its target to $174, reflecting a consensus view of significant upside potential.
Third-quarter results showed Core FFO of $2.17 per share, a 4.3% year-over-year increase, driven by improving self-storage fundamentals and successful expense reductions.
Analysts expect the company to earn $8.56 per share next year, which would allow it to cover its annual dividend with a sustainable expected future payout ratio of 75.7%.

Extra Space Storage
Bear Case

Investors should be bearish about investing in Extra Space Storage Inc. for these reasons:

The company reported earnings per share of $1.17 for the most recent quarter, significantly missing the consensus estimate of $2.10 by $0.93, indicating a substantial gap between actual performance and analyst expectations.
Extra Space Storage Inc. currently has a dividend payout ratio of 135.8%, meaning it cannot cover its dividend payments with current earnings alone and must rely on its balance sheet to fulfill these obligations.
Despite recent upgrades, the average analyst price target remains at $148.667, which is below the current stock price of $159.87, suggesting that the stock may be trading above its fair value according to the broader market consensus.
Short interest in the stock increased by 13.19% in the most recent reporting period, with 5,501,883 shares shorted, indicating that a notable portion of the market is betting against the company's future performance.
Company insiders, including CEO Joseph D. Margolis and EVP Gwyn Goodson McNeal, have recently executed significant share sales, which may signal a lack of confidence in the stock's near-term appreciation.

EXR Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Extra Space Storage is $156.75, with a high forecast of $174.00 and a low forecast of $141.00.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EXR shares.

According to analysts, Extra Space Storage's stock has a predicted downside of -1.69% based on their 12-month stock forecasts.

Over the previous 90 days, Extra Space Storage's stock had 3 upgrades and 1 downgrade by analysts.

Extra Space Storage has been rated by research analysts at BMO Capital Markets, BNP Paribas Exane, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Royal Bank Of Canada, Scotiabank, Truist Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Extra Space Storage more than other "real estate" companies. The consensus rating for Extra Space Storage is Moderate Buy while the average consensus rating for "real estate" companies is Hold. Learn more on how EXR compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Extra Space Storage Recommendations

MarketBeat monitors more than a dozen sources for Extra Space Storage analyst ratings, with the most recent rating issued on 11/4/2026.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Extra Space Storage (EXR) Stock Forecast & Price Target

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

EXR Analyst Ratings Over Time

EXR Analyst Recommendations By Month

EXR Price Targets by Month

Extra Space Storage Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained

Extra Space Storage
Bull Case

Extra Space Storage
Bear Case

EXR Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Extra Space Storage Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Extra Space Storage (EXR) Stock Forecast & Price Target

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

EXR Analyst Ratings Over Time

EXR Analyst Recommendations By Month

EXR Price Targets by Month

Extra Space Storage Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained

Extra Space Storage Bull Case

Extra Space Storage Bear Case

EXR Forecast - Frequently Asked Questions

What is Extra Space Storage's forecast for 2027?

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

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

Has Extra Space Storage been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Extra Space Storage?

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

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Extra Space Storage Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Extra Space Storage
Bull Case

Extra Space Storage
Bear Case