CubeSmart (CUBE, Financial), a notable player in the self-storage real estate investment trust (REIT) sector, has received an updated price target from Evercore ISI Group. Analyst Steve Sakwa from Evercore ISI has raised the price target for CubeSmart from $44.00 to $47.00. This adjustment reflects a 6.82% increase in the stock price target.
The decision to maintain the current "In-Line" rating was also confirmed by Sakwa. It's noteworthy that both the previous and current ratings for CubeSmart were "In-Line," indicating consistent expectations from the analyst on the stock's performance.
This update comes amidst CubeSmart's ongoing efforts to strengthen its position in the self-storage market. Investors and stakeholders will be keen to see how the updated price target aligns with CubeSmart's financial performance in the upcoming quarters.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for CubeSmart (CUBE, Financial) is $45.33 with a high estimate of $50.00 and a low estimate of $39.00. The average target implies an upside of 10.70% from the current price of $40.95. More detailed estimate data can be found on the CubeSmart (CUBE) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, CubeSmart's (CUBE, Financial) average brokerage recommendation is currently 2.8, 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 CubeSmart (CUBE, Financial) in one year is $46.50, suggesting a upside of 13.55% from the current price of $40.95. 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 CubeSmart (CUBE) Summary page.
