Extra Space Storage (EXR) Stock Forecast & Price Target

$143.38

-0.09 (-0.06%)

(As of 02/9/2024 08:56 PM ET)

Extra Space Storage Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 11 Analyst Ratings

Analysts' Consensus Price Target

$151.45
5.63% Upside

High Forecast	$187.00
Average Forecast	$151.45
Low Forecast	$119.00

Type	Current Forecast 2/12/23 to 2/12/24	1 Month Ago 1/13/23 to 1/13/24	3 Months Ago 11/14/22 to 11/14/23	1 Year Ago 2/12/22 to 2/12/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$151.45	$152.50	$142.64	$170.33
Predicted Upside	5.63% Upside	13.14% Upside	13.67% Upside	7.58% Upside

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EXR Analyst Ratings 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	2.55	2.43	2.48
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	5.63% Upside	74.72% Upside	8.84% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
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%
12/28/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$138.00 ➝ $152.00	-5.66%
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%
12/12/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Overweight	$120.00 ➝ $155.00	+12.21%
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%
10/30/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$155.00 ➝ $119.00	+14.00%
10/24/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy ➝ Strong-Buy	$165.00 ➝ $145.00	+36.90%
9/15/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$147.00 ➝ $145.00	+14.89%
9/13/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$160.00 ➝ $135.00	+8.50%
4/5/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	$190.00 ➝ $172.00	+7.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:54 AM ET.

EXR Price Target - Frequently Asked Questions

What is Extra Space Storage's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Extra Space Storage stock is Moderate Buy based on the current 6 hold ratings, 4 buy ratings and 1 strong buy rating for EXR. The average twelve-month price prediction for Extra Space Storage is $151.45 with a high price target of $187.00 and a low price target of $119.00. Learn more on EXR's analyst rating history.
Do Wall Street analysts like Extra Space Storage more than its competitors?: Analysts like Extra Space Storage more than other Finance companies. The consensus rating for Extra Space Storage is Moderate Buy while the average consensus rating for finance companies is Hold. Learn more on how EXR compares to other companies.
Is Extra Space Storage being upgraded by Wall Street analysts?: Over the previous 90 days, Extra Space Storage's stock had 2 upgrades by analysts.

Does Extra Space Storage's stock price have much upside?: According to analysts, Extra Space Storage's stock has a predicted upside of 11.36% based on their 12-month stock forecasts.
What analysts cover Extra Space Storage?: Extra Space Storage has been rated by Deutsche Bank Aktiengesellschaft, Morgan Stanley, The Goldman Sachs Group, Truist Financial, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:EXR) was last updated on 2/12/2024 by MarketBeat.com Staff

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Extra Space Storage (EXR) Stock Forecast & Price Target

Extra Space Storage Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

EXR Analyst Ratings By Month

EXR Price Targets by Month

Extra Space Storage Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

EXR Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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