Extra Space Storage (EXR) Stock Forecast & Price Target

$144.08 -0.79 (-0.55%)

As of 08/26/2026 03:58 PM Eastern

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

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
0

Hold
10

Buy
6

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 "Hold." Out of the 16 analysts, 10 have given a hold rating, and 6 have given a buy rating for EXR.

Consensus Price Target

$148.53
3.09% Upside

According to the 16 analysts' twelve-month price targets for Extra Space Storage, the average price target is $148.53. The highest price target for EXR is $172.00, while the lowest price target for EXR is $44.00. The average price target represents a forecasted upside of 3.09% from the current price of $144.08.

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.

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EXR Analyst Ratings Over Time

Type	Current Forecast 8/27/25 to 8/27/26	1 Month Ago 7/28/25 to 7/28/26	3 Months Ago 5/29/25 to 5/29/26	1 Year Ago 8/27/24 to 8/27/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$148.53	$146.53	$151.86	$153.60
Forecasted Upside	3.09% Upside	-3.49% Downside	5.10% Upside	8.40% Upside
Consensus Rating	Hold	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	2.38	2.32	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	3.09% Upside	34.00% Upside	12.18% Upside
News Sentiment Rating	Positive News See Recent EXR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/24/2026	BMO Capital Markets 3 of 5 stars		Reiterated Rating	Market Perform	$160.00	+9.38%
8/18/2026	Scotiabank 4 of 5 stars	Nicholas Yulico 3 of 5 stars	Boost Target	Sector Perform	$157.00 ➝ $158.00	+6.51%
8/7/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C) ➝ Hold (C+)
7/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral	$160.00	+8.08%
7/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brad Heffern Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$153.00 ➝ $157.00	+5.86%
7/24/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Eric Luebchow Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$154.00 ➝ $158.00	+8.51%
7/16/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform	$44.00	-70.11%
7/10/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Goldsmith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$158.00 ➝ $163.00	+13.54%
7/10/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brendan Lynch Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$170.00 ➝ $172.00	+20.53%
6/17/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ki Bin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$140.00 ➝ $148.00	+2.97%
Get the Latest News and Ratings for EXR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Extra Space Storage and its competitors with MarketBeat's FREE daily newsletter.
6/16/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeffrey Spector Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Neutral	$147.00 ➝ $156.00	+6.40%
5/27/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ravi Vaidya Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$150.00 ➝ $155.00	+7.24%
3/23/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Mueller Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$142.00 ➝ $144.00	+8.68%
3/18/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$154.00	+11.28%
12/5/2025	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ronald Kamdem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$155.00 ➝ $152.00	+16.02%
11/3/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steve Sakwa Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Cautious
8/22/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Smedes Rose Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$165.00 ➝ $150.00	+4.70%
5/13/2025	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$61.00 ➝ $55.00	-62.42%
9/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$162.00 ➝ $204.00	+13.95%
9/9/2024	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	$172.00 ➝ $178.00	+2.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:03 AM 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 Tuesday, August 25, 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.:

The company has shown a positive trend with a quarterly revenue increase of approximately 3.9% year-over-year, indicating growth potential.
Extra Space Storage Inc. has set its fiscal year 2026 earnings per share (EPS) guidance between 8.250 and 8.400, suggesting strong future profitability.
The current stock price is around $120, which may present a favorable entry point for investors looking for growth in the real estate sector.
With a recent quarterly dividend of $1.62 per share, translating to an annualized dividend of $6.48 and a yield of 4.4%, the company offers attractive income potential for dividend-seeking investors.
The business model combines property ownership with third-party management, diversifying revenue streams and reducing risk.

Extra Space Storage
Bear Case

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

The dividend payout ratio is currently at 143.05%, which indicates that the company is paying out more in dividends than it earns, raising concerns about sustainability.
Despite revenue growth, the company may face challenges in maintaining this momentum in a competitive self-storage market.
High reliance on customer demand for storage solutions can be a risk, especially during economic downturns when consumers may cut back on discretionary spending.
Investors may be cautious due to potential fluctuations in real estate values, which can impact the company's asset base and overall financial health.
Market analysts predict a modest EPS of 8.32 for the current year, which may not meet the expectations of more aggressive growth investors.

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 $148.53, with a high forecast of $172.00 and a low forecast of $44.00.

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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.

According to analysts, Extra Space Storage's stock has a predicted upside of 3.09% based on their 12-month stock forecasts.

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

Extra Space Storage has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Raymond James Financial, Royal Bank Of Canada, Scotiabank, The Goldman Sachs Group, 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 score for Extra Space Storage is 2.38 while the average consensus rating score for "real estate" companies is 2.32. Learn more on how EXR compares to other companies.

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MarketBeat monitors more than a dozen sources for Extra Space Storage analyst ratings, with the most recent rating issued on 8/24/2026.

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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

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Brokerages With Extra Space Storage Recommendations

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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 2026?

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

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

Has Extra Space Storage been upgraded 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