Free Trial

Public Storage (PSA) Stock Forecast & Price Target

$301.65
-1.97 (-0.65%)
(As of 07/19/2024 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

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

$309.64
2.65% Upside
High Forecast$340.00
Average Forecast$309.64
Low Forecast$250.00

According to the 11 analysts' twelve-month price targets for Public Storage, the average price target is $309.64. 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 2.65% from the current price of $301.65.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
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)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$309.64$303.00$305.00$334.86
Forecasted Upside2.65% Upside7.46% Upside8.50% Upside7.52% Upside
Get Public Storage Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for PSA and its competitors with MarketBeat's FREE daily newsletter.

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Public Storage Stock vs. The Competition

TypePublic StorageFinance CompaniesS&P 500
Consensus Rating Score
2.64
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside2.65% Upside37.78% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024Scotiabank
5 of 5 stars
 Boost TargetSector Perform ➝ Sector Perform$289.00 ➝ $314.00+4.09%
7/15/2024Evercore ISI
2 of 5 stars
 Boost TargetIn-Line ➝ In-Line$289.00 ➝ $300.00-0.89%
5/20/2024Barclays
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$330.00 ➝ $327.00+13.55%
4/5/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeEqual Weight ➝ Overweight$280.00 ➝ $310.00+10.46%
3/28/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeMarket Perform ➝ Strong-Buy$330.00+14.54%
3/19/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperform ➝ Outperform$325.00 ➝ $330.00+19.00%
1/30/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageSell$250.00-13.74%
1/11/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$307.00 ➝ $340.00+15.17%
12/28/2023Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$285.00 ➝ $315.00+3.18%
9/21/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageEqual Weight ➝ Equal Weight$250.00-7.67%
9/13/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$360.00 ➝ $340.00+25.14%
6/13/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower Target$338.00 ➝ $324.00+12.62%
5/8/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy
7/28/2022Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy$367.00+12.48%
7/25/2022UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral$390.00 ➝ $336.00+4.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:57 PM 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 $309.64, 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 research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. 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 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 7.41% based on their 12-month stock forecasts.

What analysts cover Public Storage?

Public Storage has been rated by research analysts at Barclays, Evercore ISI, and Scotiabank 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.


This page (NYSE:PSA) was last updated on 7/20/2024 by MarketBeat.com Staff

From Our Partners