CubeSmart (CUBE, Financial), the self-storage real estate investment trust, has received a noteworthy update from Scotiabank. Analyst Daniel Tricarico has maintained the "Sector Perform" rating for the stock but raised its price target from USD 40.00 to USD 45.00. This adjustment reflects a 12.50% increase in the price target.
This update on CubeSmart (CUBE, Financial) suggests confidence in the company's potential performance, as indicated by the revised price target provided by Scotiabank. Investors might find this development an important consideration when evaluating their investment options in the self-storage sector.
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 6.23% from the current price of $42.68. 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 $45.87, suggesting a upside of 7.49% from the current price of $42.675. 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.
