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Extra Space Storage (EXR) Stock Forecast & Price Target

Extra Space Storage logo
$141.05 -0.81 (-0.57%)
Closing price 04/25/2025 03:59 PM Eastern
Extended Trading
$142.14 +1.09 (+0.77%)
As of 04/25/2025 05:21 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
1
Hold
5
Buy
7

Based on 13 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 13 analysts, 1 has given a sell rating, 5 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for EXR.

Consensus Price Target

$167.25
18.57% Upside
According to the 13 analysts' twelve-month price targets for Extra Space Storage, the average price target is $167.25. The highest price target for EXR is $204.00, while the lowest price target for EXR is $141.00. The average price target represents a forecasted upside of 18.57% from the current price of $141.05.
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EXR Analyst Ratings Over Time

TypeCurrent Forecast
4/26/24 to 4/26/25
1 Month Ago
3/27/24 to 3/27/25
3 Months Ago
1/27/24 to 1/26/25
1 Year Ago
4/27/23 to 4/26/24
Strong Buy
1 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)
4 Buy rating(s)
5 Buy rating(s)
Hold
5 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$167.25$171.09$171.25$150.17
Forecasted Upside18.57% Upside17.74% Upside12.61% Upside12.43% 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.
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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.
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Extra Space Storage Stock vs. The Competition

TypeExtra Space StorageFinance CompaniesS&P 500
Consensus Rating Score
2.54
2.53
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside18.57% Upside31.50% Upside21.41% Upside
News Sentiment Rating
Positive News

See Recent EXR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/9/2025Mizuho
3 of 5 stars
Ravi Vaidya
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Initiated CoverageOutperform$141.00+11.47%
4/9/2025Scotiabank
5 of 5 stars
N. Yulico
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UpgradeSector Perform ➝ Sector Outperform$165.00 ➝ $149.00+17.80%
3/12/2025Barclays
3 of 5 stars
Brendan Lynch
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Lower TargetOverweight ➝ Overweight$184.00 ➝ $181.00+20.74%
3/6/2025The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy
2/27/2025Royal Bank of Canada
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B. Heffern
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Lower TargetSector Perform ➝ Sector Perform$167.00 ➝ $163.00+6.18%
2/21/2025Wells Fargo & Company
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E. Luebchow
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Lower TargetEqual Weight ➝ Equal Weight$170.00 ➝ $165.00+6.09%
12/5/2024Truist Financial
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 Boost TargetHold ➝ Hold$167.00 ➝ $168.00+2.79%
10/14/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$170.00 ➝ $168.00-1.49%
9/18/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$162.00 ➝ $204.00+13.95%
9/9/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$172.00 ➝ $178.00+2.55%
8/5/2024Bank of America
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 DowngradeNeutral ➝ Underperform$172.00 ➝ $155.00-6.03%
7/23/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$160.00 ➝ $175.00+5.41%
6/7/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$168.00 ➝ $160.00+7.75%
1/30/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$141.00-4.76%
12/21/2023Morgan Stanley
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 UpgradeUnderweight ➝ Equal Weight$115.00 ➝ $150.00-1.45%
11/8/2023Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$185.00 ➝ $165.00+39.21%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:31 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 Wednesday, April 23, 2025. Please send any questions or comments about these Extra Space Storage pros and cons to contact@marketbeat.com.

Extra Space Storage
Bull Case

green Wall Street bull icon

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

  • The current stock price is around $138, which may present a buying opportunity for investors looking for value in the real estate investment trust sector.
  • Extra Space Storage Inc. reported strong earnings, with earnings per share of $2.03, significantly exceeding analysts' expectations, indicating robust financial performance.
  • The company has a substantial market capitalization of approximately $29.30 billion, reflecting its strong position in the market and potential for growth.
  • Recent institutional investments, including significant increases in holdings by various hedge funds, suggest confidence in the company's future prospects.
  • Extra Space Storage Inc. has demonstrated a solid return on equity of 5.51%, which indicates effective management and profitability relative to shareholder equity.

Extra Space Storage
Bear Case

red Wall Street bear icon

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

  • The company has a relatively high price-to-earnings (P/E) ratio of around 36.14, which may suggest that the stock is overvalued compared to its earnings.
  • Extra Space Storage Inc. has a low quick ratio of 0.23, indicating potential liquidity issues, as it may struggle to meet short-term obligations without selling inventory.
  • The stock has experienced volatility, with a 52-week range between $121.03 and $184.87, which could pose risks for investors seeking stability.
  • Despite recent positive earnings, the company's net margin of 25.35% may not be sufficient to sustain long-term growth, raising concerns about profitability.
  • High institutional ownership at 99.11% could lead to less price stability, as large investors may sell off shares quickly in response to market changes.

EXR Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Extra Space Storage is $167.25, with a high forecast of $204.00 and a low forecast of $141.00.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There is currently 1 sell rating, 5 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" EXR shares.

According to analysts, Extra Space Storage's stock has a predicted upside of 18.57% 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 Barclays, Mizuho, Royal Bank of Canada, Scotiabank, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.

Analysts like Extra Space Storage more than other "finance" companies. The consensus rating score for Extra Space Storage is 2.54 while the average consensus rating score for "finance" companies is 2.53. Learn more on how EXR compares to other companies.


This page (NYSE:EXR) was last updated on 4/26/2025 by MarketBeat.com Staff
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