Public Storage (PSA) Stock Forecast & Price Target

$300.74

+5.82 (+1.97%)

(As of 07/26/2024 ET)

Public 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

Moderate Buy
Based on 11 Analyst Ratings

Based on 11 Wall Street analysts who have issued ratings for Public Storage in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 1 has given a sell rating, 3 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for PSA.

Consensus Price Target

$310.55
3.26% Upside

High Forecast	$340.00
Average Forecast	$310.55
Low Forecast	$250.00

According to the 11 analysts' twelve-month price targets for Public Storage, the average price target is $310.55. The highest price target for PSA is $340.00, while the lowest price target for PSA is $250.00. The average price target represents a forecasted upside of 3.26% from the current price of $300.74.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$310.55	$303.00	$305.00	$334.67
Forecasted Upside	3.26% Upside	7.46% Upside	8.50% Upside	8.36% Upside

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PSA 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.

PSA 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.

Public Storage Stock vs. The Competition

Type	Public Storage	Finance Companies	S&P 500
Consensus Rating Score	2.64	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.61% Upside	36.96% Upside	8.98% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/26/2024	Wells Fargo & Company 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$310.00 ➝ $320.00	+8.51%
7/19/2024	Scotiabank 5 of 5 stars	Boost Target	Sector Perform ➝ Sector Perform	$289.00 ➝ $314.00	+4.09%
7/15/2024	Evercore ISI 2 of 5 stars	Boost Target	In-Line ➝ In-Line	$289.00 ➝ $300.00	-0.89%
5/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$330.00 ➝ $327.00	+13.55%
3/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Strong-Buy	$330.00	+14.54%
3/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$325.00 ➝ $330.00	+19.00%
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1/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$250.00	-13.74%
1/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$307.00 ➝ $340.00	+15.17%
12/28/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$285.00 ➝ $315.00	+3.18%
9/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight ➝ Equal Weight	$250.00	-7.67%
9/13/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$360.00 ➝ $340.00	+25.14%
6/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$338.00 ➝ $324.00	+12.62%
5/8/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy
7/28/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$367.00	+12.48%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:45 AM ET.

PSA Forecast - Frequently Asked Questions

What is Public Storage's forecast for 2024?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Public Storage is $310.55, with a high forecast of $340.00 and a low forecast of $250.00.
Should I buy or sell Public Storage stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There is currently 1 sell rating, 3 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PSA shares.
Does Public Storage's stock price have much upside?: According to analysts, Public Storage's stock has a predicted upside of 7.24% based on their 12-month stock forecasts.
What analysts cover Public Storage?: Public Storage has been rated by research analysts at Barclays, Evercore ISI, Scotiabank, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Public Storage more than its competitors?: Analysts like Public Storage more than other "finance" companies. The consensus rating for Public Storage is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how PSA compares to other companies.