Extra Space Storage (EXR) Stock Forecast & Price Target

$173.58

+0.02 (+0.01%)

(As of 09/6/2024 ET)

Extra Space 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

Hold
Based on 12 Analyst Ratings

Based on 12 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 12 analysts, 2 have given a sell rating, 5 have given a hold rating, and 5 have given a buy rating for EXR.

Consensus Price Target

$166.58
-4.03% Downside

High Forecast	$188.00
Average Forecast	$166.58
Low Forecast	$141.00

According to the 12 analysts' twelve-month price targets for Extra Space Storage, the average price target is $166.58. The highest price target for EXR is $188.00, while the lowest price target for EXR is $141.00. The average price target represents a forecasted downside of -4.03% from the current price of $173.58.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$166.58	$160.67	$151.83	$160.14
Forecasted Upside	-4.03% Downside	4.12% Upside	6.85% Upside	8.55% Upside

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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	Finance Companies	S&P 500
Consensus Rating Score	2.25	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-4.03% Downside	35.39% Upside	11.36% Upside
News Sentiment Rating	Positive News	Positive 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/28/2024	Evercore ISI 2 of 5 stars		Boost Target	In-Line ➝ In-Line	$166.00 ➝ $167.00	-4.46%
8/22/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Underperform ➝ Sector Underperform	$159.00 ➝ $169.00	-2.32%
8/22/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$158.00 ➝ $188.00	+9.34%
8/16/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$152.00 ➝ $167.00	+0.46%
8/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$172.00 ➝ $155.00	-6.03%
7/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$160.00 ➝ $175.00	+8.91%
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7/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$160.00 ➝ $175.00	+5.41%
6/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$168.00 ➝ $160.00	+7.75%
1/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$141.00	-4.76%
1/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$168.00 ➝ $187.00	+19.23%
12/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$115.00 ➝ $150.00	-1.45%
11/8/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$185.00 ➝ $165.00	+39.21%
4/5/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$190.00 ➝ $172.00	+7.39%
1/18/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
12/16/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Mueller Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$177.00 ➝ $167.00	+7.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:35 PM ET.

EXR Forecast - Frequently Asked Questions

What is Extra Space Storage's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Extra Space Storage is $166.58, with a high forecast of $188.00 and a low forecast of $141.00.
Should I buy or sell Extra Space Storage stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 5 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.
Does Extra Space Storage's stock price have much upside?: According to analysts, Extra Space Storage's stock has a predicted upside of 5.11% based on their 12-month stock forecasts.
Has Extra Space Storage been downgraded by Wall Street analysts recently?: Over the previous 90 days, Extra Space Storage's stock had 1 downgrade by analysts.
What analysts cover Extra Space Storage?: Extra Space Storage has been rated by research analysts at Bank of America, Barclays, Evercore ISI, Raymond James, Scotiabank, Truist Financial, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Extra Space Storage more than its competitors?: Analysts like Extra Space Storage less than other "finance" companies. The consensus rating score for Extra Space Storage is 2.25 while the average consensus rating score for "finance" companies is 2.46. Learn more on how EXR compares to other companies.