On May 1, 2025, RBC Capital, under the guidance of analyst Brad Heffern, maintained its "Sector Perform" rating for Extra Space Storage (EXR, Financial). Despite keeping the rating unchanged, the firm lowered the price target from $163.00 to $160.00. This adjustment reflects a percentage change of -1.84% in the target price.
The new price target of $160.00 is intended to provide updated guidance for investors regarding Extra Space Storage (EXR, Financial). The stock continues to be rated as "Sector Perform," indicating that RBC Capital expects the stock to perform in line with the broader market or industry over the foreseeable future.
These updates offer crucial insights for investors monitoring Extra Space Storage (EXR, Financial) as they assess market conditions and make informed investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Extra Space Storage Inc (EXR, Financial) is $161.47 with a high estimate of $181.00 and a low estimate of $141.00. The average target implies an upside of 8.62% from the current price of $148.66. More detailed estimate data can be found on the Extra Space Storage Inc (EXR) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Extra Space Storage Inc's (EXR, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Extra Space Storage Inc (EXR, Financial) in one year is $162.51, suggesting a upside of 9.32% from the current price of $148.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Extra Space Storage Inc (EXR) Summary page.
