On May 13, 2025, Benchmark analyst Mark Zgutowicz issued an update on Extra Space Storage (EXR, Financial) by maintaining the stock's current "Buy" rating. Despite the consistent rating, there has been a significant adjustment in the price target for the stock.
The price target for Extra Space Storage (EXR, Financial) has been lowered from $61.00 to $55.00 USD. This change reflects a decrease of 9.84% from the previous price target.
Investors and stakeholders are advised to take note of these updated insights by Benchmark as they assess their investment strategies in Extra Space Storage (EXR, Financial).
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 $162.18 with a high estimate of $181.00 and a low estimate of $141.00. The average target implies an upside of 10.98% from the current price of $146.14. 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 $157.56, suggesting a upside of 7.82% from the current price of $146.135. 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.
