On June 13, 2025, Extra Space Storage (EXR, Financial) saw its price target raised by JP Morgan analyst Michael Mueller. The new price target for EXR is set at $162.00, up from the previous target of $160.00, marking a 1.25% increase in valuation.
EXR continues to hold a 'Neutral' rating from JP Morgan, with no changes in the rating status from the prior evaluation. The maintained 'Neutral' rating suggests that the stock's performance is expected to be in line with the broader market.
Investors in Extra Space Storage (EXR, Financial) should note this update, as such price target adjustments can often influence trading decisions and market perceptions.
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 8.65% from the current price of $150.51. 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 $156.45, suggesting a upside of 3.95% from the current price of $150.51. 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.
