Extra Space Storage (EXR) Stock Forecast & Price Target

$150.03 +0.17 (+0.11%)

Closing price 03:59 PM Eastern

Extended Trading

$150.28 +0.25 (+0.17%)

As of 07:58 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

$147.73
-1.53% Downside

According to the 16 analysts' twelve-month price targets for Extra Space Storage, the average price target is $147.73. 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 downside of -1.53% from the current price of $150.03.

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 8/5/25 to 8/5/26	1 Month Ago 7/6/25 to 7/6/26	3 Months Ago 5/7/25 to 5/7/26	1 Year Ago 8/5/24 to 8/5/25
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)	5 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$147.73	$153.07	$143.93	$156.54
Forecasted Upside	-1.53% Downside	4.67% Upside	0.30% Upside	12.89% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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	2.28	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-1.01% Downside	33.88% Upside	11.40% 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
7/30/2026	The Goldman Sachs Group 3 of 5 stars		Reiterated Rating	Neutral	$160.00	+8.08%
7/30/2026	Royal Bank Of Canada 2 of 5 stars	Brad Heffern 3 of 5 stars	Boost Target	Sector Perform	$153.00 ➝ $157.00	+5.86%
7/24/2026	Wells Fargo & Company 3 of 5 stars	Eric Luebchow 4 of 5 stars	Boost Target	Overweight	$154.00 ➝ $158.00	+8.51%
7/17/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C)
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%
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%
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.
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%
3/2/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nicholas Yulico Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$145.00 ➝ $156.00	+2.36%
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 Wednesday at 11:47 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, August 3, 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 demonstrated a strong net margin, indicating effective cost management and profitability, which can lead to higher returns for investors.
Extra Space Storage Inc. has a solid return on equity, reflecting its ability to generate profits from shareholders' investments, making it an attractive option for those seeking growth.
The recent quarterly revenue showed an increase compared to the previous year, suggesting a positive trend in business performance and potential for future growth.
The current stock price is around $150, which may present a favorable entry point for investors looking to capitalize on the company's growth potential.
Extra Space Storage Inc. has a consistent dividend payout, with a recent quarterly dividend of $1.62 per share, providing a reliable income stream for investors.

Extra Space Storage
Bear Case

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

The dividend payout ratio is notably high, indicating that the company is distributing more earnings as dividends than it retains for reinvestment, which could limit future growth opportunities.
Despite recent revenue growth, the company faces increasing competition in the self-storage market, which could impact its market share and profitability.
The return on equity, while positive, is relatively modest compared to industry standards, suggesting that there may be more lucrative investment opportunities elsewhere.
Market analysts have mixed expectations for earnings per share, which could lead to volatility in stock performance and investor sentiment.
Economic fluctuations and changes in consumer behavior could adversely affect demand for storage solutions, posing risks to the company's revenue stability.

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 $147.73, with a high forecast of $172.00 and a low forecast of $44.00.

16 Wall Street equities 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 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.

According to analysts, Extra Space Storage's stock has a predicted downside of -1.53% based on their 12-month stock forecasts.

Over the previous 90 days, Extra Space Storage's stock had 2 upgrades by analysts.

Extra Space Storage has been rated by research analysts at Bank of America, Barclays, Mizuho, Raymond James Financial, Royal Bank Of Canada, 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 2.28. Learn more on how EXR compares to other companies.

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This page (NYSE:EXR) was last updated on 8/5/2026 by MarketBeat.com Staff.

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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

Top-Rated Stocks

More Ratings Tools

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 downside?

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