Public Storage (PSA) Stock Forecast & Price Target

$297.50 +8.17 (+2.82%)

(As of 12/20/2024 05:16 PM ET)

Public 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 15 Analyst Ratings

Sell
1

Hold
6

Buy
8

Based on 15 Wall Street analysts who have issued ratings for Public Storage in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a sell rating, 6 have given a hold rating, 6 have given a buy rating, and 2 have given a strong buy rating for PSA.

Consensus Price Target

$342.07
14.98% Upside

According to the 15 analysts' twelve-month price targets for Public Storage, the average price target is $342.07. The highest price target for PSA is $422.00, while the lowest price target for PSA is $250.00. The average price target represents a forecasted upside of 14.98% from the current price of $297.50.

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PSA Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$342.07	$339.64	$339.08	$297.14
Forecasted Upside	14.98% Upside	0.60% Upside	-7.10% Downside	-0.26% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PSA 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.

PSA 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.

Public Storage Stock vs. The Competition

Type	Public Storage	Finance Companies	S&P 500
Consensus Rating Score	2.60	2.50	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	14.98% Upside	18.66% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent PSA 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
12/5/2024	Truist Financial 2 of 5 stars	K. Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$306.00 ➝ $340.00	+2.03%
11/12/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$381.00 ➝ $380.00	+13.80%
11/8/2024	Royal Bank of Canada 4 of 5 stars	B. Heffern Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$358.00 ➝ $344.00	+1.41%
11/5/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$375.00 ➝ $365.00	+10.05%
10/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$343.00 ➝ $338.00	-1.41%
10/2/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$293.00 ➝ $315.00	-11.54%
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9/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$360.00 ➝ $422.00	+16.60%
9/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Carl Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$303.00 ➝ $378.00	+11.04%
8/22/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$308.00 ➝ $339.00	+2.36%
8/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$318.00 ➝ $318.00	+1.96%
3/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Strong-Buy	$330.00	+14.54%
3/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$325.00 ➝ $330.00	+19.00%
1/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$250.00	-13.74%
1/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$307.00 ➝ $340.00	+15.17%
9/13/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$360.00 ➝ $340.00	+25.14%
6/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$338.00 ➝ $324.00	+12.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:34 AM ET.

Should I Buy Public Storage Stock? PSA 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 Friday, December 13, 2024. Please send any questions or comments about these Public Storage pros and cons to contact@marketbeat.com.

Public Storage
Bull Case

Here are some ways that investors could benefit from investing in Public Storage:

Public Storage has a strong market presence, with a market capitalization of $58.49 billion, indicating its significant size and stability in the real estate investment trust sector.
The stock is currently trading at $334.00, which reflects a recent increase, suggesting positive market sentiment and potential for further growth.
Analysts have a consensus rating of "Moderate Buy" for Public Storage, with a target price of $342.07, indicating that many believe the stock is undervalued and has room for appreciation.
Recent upgrades from analysts, such as Jefferies Financial Group raising their price objective to $422.00, highlight confidence in the company's future performance.
Public Storage has a high percentage of institutional ownership at 78.79%, which often indicates strong investor confidence and stability in the stock.

Public Storage
Bear Case

Investors should be bearish about investing in Public Storage for these reasons:

The stock has experienced volatility, with a 1-year low of $256.31 and a high of $369.99, indicating potential risks associated with price fluctuations.
Public Storage has a relatively high debt-to-equity ratio of 1.77, which suggests that the company is using a significant amount of debt to finance its operations, potentially increasing financial risk.
Recent reports indicate that some institutional investors, like Integrated Wealth Concepts LLC, have significantly reduced their stakes in Public Storage, which could signal a lack of confidence among certain investors.
Despite recent upgrades, there is still one sell rating among analysts, indicating that not all market participants are optimistic about the stock's future performance.
The stock's price-to-earnings (P/E) ratio of 34.68 is relatively high, which may suggest that the stock is overvalued compared to its earnings, potentially deterring value-focused investors.

PSA Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Public Storage is $342.07, with a high forecast of $422.00 and a low forecast of $250.00.
: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There is currently 1 sell rating, 6 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSA shares.
: According to analysts, Public Storage's stock has a predicted upside of 14.98% based on their 12-month stock forecasts.
: Public Storage has been rated by research analysts at Barclays, Evercore ISI, Morgan Stanley, Royal Bank of Canada, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Public Storage more than other "finance" companies. The consensus rating for Public Storage is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how PSA compares to other companies.

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This page (NYSE:PSA) was last updated on 12/22/2024 by MarketBeat.com Staff

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Public Storage (PSA) Stock Forecast & Price Target