In recent developments, Extra Space Storage (EXR, Financial) has seen a positive adjustment in its price target by Mizuho. The investment banking firm, noted for its analytical prowess, has increased its price target for EXR to $153.00 from the previous $141.00.
This adjustment represents an 8.51% increase in the price target, as noted by analyst Ravi Vaidya from Mizuho. The company's rating remains strong at 'Outperform,' consistent with its prior assessment.
The increased price target reflects a growing confidence in Extra Space Storage's (EXR, Financial) operational and financial health. Investors and market watchers may find this upward adjustment noteworthy amid the dynamic market conditions.
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 $163.53 with a high estimate of $178.00 and a low estimate of $149.00. The average target implies an upside of 10.49% from the current price of $148.01. 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 $156.04, suggesting a upside of 5.43% from the current price of $148.01. 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.
