On May 16, 2025, Barclays analyst Brendan Lynch announced an update regarding Extra Space Storage (EXR, Financial). The analyst has maintained an "Overweight" rating for the company. This rating indicates a positive outlook on EXR, suggesting that the stock is expected to perform better than the market average.
While the rating is maintained, there has been a slight adjustment in the price target for Extra Space Storage (EXR, Financial). The current price target has been lowered from the previous $181.00 USD to $178.00 USD. This adjustment represents a 1.66% decrease in the price target for the stock.
The price target change reflects nuanced expectations about the future performance of Extra Space Storage (EXR, Financial) despite the maintained confidence in the company's prospects as indicated by the "Overweight" rating. Investors should consider this information as part of their broader research when evaluating investment opportunities in Extra Space Storage.
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 $162.35 with a high estimate of $178.00 and a low estimate of $141.00. The average target implies an upside of 9.18% from the current price of $148.70. 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 $155.61, suggesting a upside of 4.65% from the current price of $148.7. 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.
