Extra Space Storage (EXR) Stock Forecast & Price Target

$152.76 +0.99 (+0.65%)

Closing price 07/3/2025 03:44 PM Eastern

Extended Trading

$152.76 0.00 (0.00%)

As of 07/3/2025 04:17 PM Eastern

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

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
8

Buy
8

Based on 16 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 16 analysts, 8 have given a hold rating, and 8 have given a buy rating for EXR.

Consensus Price Target

$159.29
4.27% Upside

According to the 16 analysts' twelve-month price targets for Extra Space Storage, the average price target is $159.29. The highest price target for EXR is $204.00, while the lowest price target for EXR is $55.00. The average price target represents a forecasted upside of 4.27% from the current price of $152.77.

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EXR Analyst Ratings Over Time

Type	Current Forecast 7/4/24 to 7/4/25	1 Month Ago 6/4/24 to 6/4/25	3 Months Ago 4/5/24 to 4/5/25	1 Year Ago 7/5/23 to 7/4/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	8 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$159.29	$159.38	$171.09	$151.83
Forecasted Upside	4.27% Upside	6.39% Upside	23.93% Upside	-1.53% Downside
Consensus Rating	Moderate Buy	Moderate Buy	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.

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	2.50	2.54	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.27% Upside	22.75% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent EXR 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
6/24/2025	BNP Paribas 4 of 5 stars	L. Herrmann Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
6/24/2025	BNP Paribas Exane 0 of 5 stars		Initiated Coverage	Neutral	$156.00	+4.59%
6/13/2025	JPMorgan Chase & Co. 2 of 5 stars	Michael Mueller Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$160.00 ➝ $162.00	+7.68%
5/28/2025	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Vaidya Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$141.00 ➝ $153.00	+3.50%
5/16/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brendan Lynch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$181.00 ➝ $178.00	+19.16%
5/13/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jeffrey Spector Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$155.00 ➝ $161.00	+10.00%
5/13/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$61.00 ➝ $55.00	-62.42%
5/12/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Yulico Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$149.00 ➝ $166.00	+12.11%
5/1/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brad Heffern Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$163.00 ➝ $160.00	+7.88%
5/1/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Steve Sakwa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$144.00 ➝ $149.00	+0.76%
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3/6/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
2/21/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Luebchow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$170.00 ➝ $165.00	+6.09%
12/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$167.00 ➝ $168.00	+2.79%
9/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$162.00 ➝ $204.00	+13.95%
9/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$172.00 ➝ $178.00	+2.55%
7/23/2024	Raymond James Financial 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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:03 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 Thursday, July 3, 2025. Please send any questions or comments about these Extra Space Storage pros and cons to contact@marketbeat.com.

Extra Space Storage
Bull Case

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

The current stock price is around $151, reflecting a recent increase, which may indicate positive market sentiment towards the company.
Extra Space Storage Inc. reported a strong quarterly earnings performance, exceeding analysts' expectations with earnings per share of $2.00, which suggests robust financial health.
The company has a solid revenue stream, with reported revenue of $820 million for the latest quarter, indicating growth compared to previous periods.
Extra Space Storage Inc. has a dividend yield of approximately 4.28%, providing a steady income stream for investors, which is attractive in a low-interest-rate environment.
Analysts have a consensus rating of "Hold" with several buy ratings, suggesting that there is confidence in the company's future performance.

Extra Space Storage
Bear Case

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

The company's payout ratio is quite high at 150.35%, which may raise concerns about sustainability in dividend payments if earnings do not continue to grow.
Extra Space Storage Inc. has a relatively high P/E ratio of around 35, which could indicate that the stock is overvalued compared to its earnings.
Market volatility, as indicated by a beta of 1.10, suggests that the stock may experience larger price fluctuations compared to the overall market, which could pose risks for investors.
Despite recent positive earnings, the stock has a history of fluctuating prices, with a 1-year high of $184.87 and a low of $121.03, indicating potential instability.
Analysts have mixed ratings, with a significant number holding a "neutral" stance, which may suggest uncertainty about the company's future growth prospects.

EXR Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Extra Space Storage is $159.29, with a high forecast of $204.00 and a low forecast of $55.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 8 hold ratings and 8 buy ratings 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 4.27% based on their 12-month stock forecasts.
: Over the previous 90 days, Extra Space Storage's stock had 3 upgrades by analysts.
: Extra Space Storage has been rated by research analysts at Bank of America, Barclays, Benchmark, BNP Paribas, BNP Paribas Exane, Evercore ISI, JPMorgan Chase & Co., Mizuho, Royal Bank Of Canada, and Scotiabank in the past 90 days.
: Analysts like Extra Space Storage less than other "finance" companies. The consensus rating score for Extra Space Storage is 2.50 while the average consensus rating score for "finance" companies is 2.54. Learn more on how EXR compares to other companies.

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This page (NYSE:EXR) was last updated on 7/4/2025 by MarketBeat.com Staff

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Extra Space Storage (EXR) Stock Forecast & Price Target