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CubeSmart (CUBE) Stock Forecast & Price Target

CubeSmart logo
$48.00
+0.67 (+1.42%)
(As of 11/4/2024 ET)

CubeSmart - 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

Sell
1
Hold
6
Buy
4

Based on 11 Wall Street analysts who have issued ratings for CubeSmart in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 1 has given a sell rating, 6 have given a hold rating, and 4 have given a buy rating for CUBE.

Consensus Price Target

$51.45
7.20% Upside
According to the 11 analysts' twelve-month price targets for CubeSmart, the average price target is $51.45. The highest price target for CUBE is $62.00, while the lowest price target for CUBE is $40.00. The average price target represents a forecasted upside of 7.20% from the current price of $48.00.
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CUBE Analyst Ratings Over Time

TypeCurrent Forecast
11/6/23 to 11/5/24
1 Month Ago
10/7/23 to 10/6/24
3 Months Ago
8/8/23 to 8/7/24
1 Year Ago
11/6/22 to 11/6/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$51.45$50.50$46.36$44.90
Forecasted Upside7.20% Upside-1.29% Downside-2.06% Downside25.17% Upside
Consensus Rating
Hold
Hold
Hold
Hold

CUBE 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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CUBE 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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CubeSmart Stock vs. The Competition

TypeCubeSmartFinance CompaniesS&P 500
Consensus Rating Score
2.27
2.47
2.50
Consensus RatingHoldHoldHold
Predicted Upside7.20% Upside17.56% Upside10.47% Upside
News Sentiment Rating
Neutral News

See Recent CUBE News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/4/2024Royal Bank of Canada
4 of 5 stars
B. Heffern
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Lower TargetOutperform ➝ Outperform$56.00 ➝ $53.00+10.35%
10/28/2024Barclays
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$55.00 ➝ $54.00+10.66%
10/21/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$48.00 ➝ $50.00+2.38%
9/18/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$53.00 ➝ $62.00+13.85%
9/16/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$52.00 ➝ $53.00-2.66%
9/13/2024UBS Group
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M. Goldsmith
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DowngradeBuy ➝ Neutral$53.00 ➝ $54.00+0.15%
8/22/2024Scotiabank
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D. Tricarico
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Initiated CoverageSector Outperform$53.00+6.79%
8/16/2024Truist Financial
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 Boost TargetHold ➝ Hold$44.00 ➝ $50.00+2.77%
7/23/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$48.00 ➝ $50.00+3.37%
5/29/2024BMO Capital Markets
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J. Sanabria
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DowngradeOutperform ➝ Market Perform$50.00 ➝ $47.00+13.20%
1/30/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageSell$40.00-11.35%
10/30/2023Bank of America
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 DowngradeBuy ➝ Neutral$51.00 ➝ $38.00+11.83%
9/13/2023Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$50.00+25.31%
8/24/2023Citigroup
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 Lower TargetNeutral ➝ Neutral$47.00 ➝ $45.00+7.12%
6/13/2023JPMorgan Chase & Co.
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 Lower Target$50.00 ➝ $48.00+8.04%
4/12/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:24 AM ET.


CUBE Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for CubeSmart is $51.45, with a high forecast of $62.00 and a low forecast of $40.00.

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There is currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CUBE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CUBE, but not buy additional shares or sell existing shares.

According to analysts, CubeSmart's stock has a predicted upside of 7.20% based on their 12-month stock forecasts.

Over the previous 90 days, CubeSmart's stock had 1 downgrade by analysts.

CubeSmart has been rated by research analysts at Barclays, Evercore ISI, Jefferies Financial Group, Royal Bank of Canada, Scotiabank, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like CubeSmart less than other "finance" companies. The consensus rating score for CubeSmart is 2.27 while the average consensus rating score for "finance" companies is 2.47. Learn more on how CUBE compares to other companies.


This page (NYSE:CUBE) was last updated on 11/5/2024 by MarketBeat.com Staff
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