On May 12, 2025, Scotiabank analyst Nicholas Yulico revised their price target for Extra Space Storage (EXR, Financial), raising it from $149.00 to $166.00. This marks an 11.41% increase in the price target.
The revised price target indicates continued confidence in Extra Space Storage's performance, as the rating was maintained at "Sector Outperform." This reflects the analyst's expectation for the company to surpass the average market returns within its sector.
Extra Space Storage (EXR, Financial) remains a focus in the real estate investment trust (REIT) space, with the updated target price suggesting potential upside in the stock's valuation based on current trading levels.
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 $161.18 with a high estimate of $181.00 and a low estimate of $141.00. The average target implies an upside of 8.96% from the current price of $147.92. 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 $157.90, suggesting a upside of 6.75% from the current price of $147.92. 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.
