Baird analyst Wesley Golladay has initiated coverage of SmartStop Self Storage (SMA, Financial), assigning it an Outperform rating and setting a price target of $38. The analyst highlights the company's robust potential to achieve significant earnings growth, citing its appealing stock valuation.
Key to this optimistic outlook is SmartStop's strategic opportunity to expand its presence in the Canadian market, alongside increasing its density across various U.S. markets. These factors are expected to be primary growth drivers for the company, according to the research note shared with investors.
