Extra Space Storage (EXR) Stock Forecast & Price Target

$143.50 -0.35 (-0.24%)

Closing price 05/7/2026 03:59 PM Eastern

Extended Trading

$143.30 -0.20 (-0.14%)

As of 05/7/2026 05:02 PM Eastern

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Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
9

Buy
6

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 "Hold." Out of the 16 analysts, 1 has given a sell rating, 9 have given a hold rating, and 6 have given a buy rating for EXR.

Consensus Price Target

$143.93
0.30% Upside

According to the 16 analysts' twelve-month price targets for Extra Space Storage, the average price target is $143.93. The highest price target for EXR is $170.00, while the lowest price target for EXR is $55.00. The average price target represents a forecasted upside of 0.30% from the current price of $143.50.

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.

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EXR Analyst Ratings Over Time

Type	Current Forecast 5/8/25 to 5/8/26	1 Month Ago 4/8/25 to 4/8/26	3 Months Ago 2/7/25 to 2/7/26	1 Year Ago 5/8/24 to 5/8/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$143.93	$143.80	$144.67	$165.42
Forecasted Upside	0.30% Upside	4.17% Upside	3.32% Upside	12.21% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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	2.31	2.31	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	0.30% Upside	25.82% Upside	14.91% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/6/2026	Truist Financial 3 of 5 stars	Ki Bin 2 of 5 stars	Lower Target	Hold	$158.00 ➝ $150.00	+4.69%
4/21/2026	Weiss Ratings Not Rated		Reiterated Rating	Hold (C)
4/16/2026	Wells Fargo & Company 3 of 5 stars	Eric Luebchow 4 of 5 stars	Lower Target	Overweight	$150.00 ➝ $148.00	+4.98%
3/23/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Mueller Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$142.00 ➝ $144.00	+8.68%
3/18/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$154.00	+11.28%
3/5/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brendan Lynch Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$164.00 ➝ $170.00	+14.93%
3/2/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nicholas Yulico Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$145.00 ➝ $156.00	+2.36%
2/23/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brad Heffern Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$142.00 ➝ $153.00	-0.05%
2/5/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$143.00	+1.02%
1/12/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ravi Vaidya Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$137.00 ➝ $143.00	+1.46%

1/8/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Goldsmith Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$156.00 ➝ $148.00	+10.45%
12/5/2025	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ronald Kamdem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$155.00 ➝ $152.00	+16.02%
11/3/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steve Sakwa Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Cautious
8/22/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Smedes Rose Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$165.00 ➝ $150.00	+4.70%
8/21/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Caitlin Burrows Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$169.00 ➝ $146.00	+4.51%
5/13/2025	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$61.00 ➝ $55.00	-62.42%
9/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$162.00 ➝ $204.00	+13.95%
9/9/2024	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	$172.00 ➝ $178.00	+2.55%
7/23/2024	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$160.00 ➝ $175.00	+5.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:45 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 Saturday, May 2, 2026. 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 $142, which reflects a strong performance in the self-storage sector.
Extra Space Storage Inc. has maintained its full-year core FFO guidance range, indicating stability and confidence in future earnings.
Tenant retention is improving, with a significant percentage of tenants staying longer, which can lead to more stable revenue streams.
The company has a disciplined approach to acquisitions, projecting $200 million in total acquisitions for 2026, which could enhance growth without overextending financially.
With 83% of total debt being fixed-rate, the company is well-positioned to manage interest rate fluctuations, providing financial stability.

Extra Space Storage
Bear Case

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

Recent large acquisition opportunities have been priced at initial cap rates that may not provide compelling growth, indicating potential challenges in finding attractive investments.
There has been a noted slowdown in transaction activity and lending opportunities, which could impact future growth prospects.
Despite stable performance, the company has seen a slight increase in insurance costs, which could affect profitability if not managed effectively.
Bad debt, while currently low, could rise if economic conditions worsen, impacting overall financial health.
Insider selling activity, such as the CEO selling shares, may raise concerns about the company's future outlook from a leadership perspective.

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 $143.93, with a high forecast of $170.00 and a low forecast of $55.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There is currently 1 sell rating, 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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.
: According to analysts, Extra Space Storage's stock has a predicted upside of 0.30% based on their 12-month stock forecasts.
: Over the previous 90 days, Extra Space Storage's stock had 1 upgrade by analysts.
: Extra Space Storage has been rated by research analysts at Barclays, BNP Paribas Exane, JPMorgan Chase & Co., Royal Bank Of Canada, Scotiabank, Truist Financial, Weiss Ratings, 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 2.31 while the average consensus rating score for "finance" companies is 2.31. Learn more on how EXR compares to other companies.

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This page (NYSE:EXR) was last updated on 5/8/2026 by MarketBeat.com Staff.

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Extra Space Storage (EXR) Stock Forecast & Price Target

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

EXR Analyst Ratings Over Time

EXR Analyst Recommendations By Month

EXR Price Targets by Month

Extra Space Storage Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained

Extra Space Storage
Bull Case

Extra Space Storage
Bear Case

EXR Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Extra Space Storage Recommendations

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Extra Space Storage (EXR) Stock Forecast & Price Target

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

EXR Analyst Ratings Over Time

EXR Analyst Recommendations By Month

EXR Price Targets by Month

Extra Space Storage Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained

Extra Space Storage Bull Case

Extra Space Storage Bear Case

EXR Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Extra Space Storage Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Extra Space Storage
Bull Case

Extra Space Storage
Bear Case