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Extra Space Storage (EXR): analyst forecast and price target

$140 +1.39% close 16.10.26 · market cap $30.4B · Realestate · REIT - Industrial SPY 0.04%
Price targets and ratings of

Analyst consensus

Moderate Buy

3 Buy3 Hold0 Sell

Ratings of 6 analysts in the last 3 months · top analysts only

12-month forecast

$155+10.9% upside

Based on 6 price targets given in the last 3 months, the average target is $155, the highest $158, the lowest $147. The average is +10.9% from the last price of $140.

$120$140$160Jan 26AprJulOctJan 27AprJulOctHigh$158Average$155Low$147
Highest target $158 Average target $155 Lowest target $147
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Michael Goldsmith★★★★★★★★★★#2214 · hits 66% · avg +6.6% UBS $163 → $152−6.7% Buy +8.9% Reiterated 16.10.26on TipRanks 08:00 +2.5%
Michael Lewis★★★★★★★★★★#335 · hits 70% · avg +10.4% Truist Financial $148 → $147−0.7% Buy +5.3% Upgrade 01.10.26on TipRanks 16:10 −0.6%next day −0.9% · 5 days −0.1%
Michael Griffin CFA★★★★★★★★★★#5532 · hits 81% · avg +4.5% Evercore ISI $152 → $146−3.9% Hold +4.6% Reiterated 21.09.26on TipRanks 08:10 −1.0%next day −1.8% · 5 days −3.2%
Michael Mueller★★★★★★★★★★#10054 · hits 49% · avg −0.9% J.P. Morgan $157 → $153−2.5% Hold +9.6% Assigned 21.09.26on TipRanks 07:35 −1.0%next day −1.8% · 5 days −3.2%
Ronald Kamdem★★★★★★★★★★#1216 · hits 63% · avg +9.4% Morgan Stanley $155 Hold +11.0% Assigned 16.09.26on TipRanks 08:30 −0.2%next day +0.8% · 5 days −4.0%
Ravi Vaidya★★★★★★★★★★#5842 · hits 90% · avg +7.7% Mizuho Securities $155 → $152−1.9% Buy +8.9% Reiterated 02.09.26on TipRanks 07:35 −0.6%next day −0.3% · 5 days −1.5%
Eric Luebchow★★★★★★★★★★#1436 · hits 54% · avg +9.1% Wells Fargo $158 → $157−0.6% Buy +12.5% Reiterated 01.09.26on TipRanks 06:25 0.0%next day −0.6% · 5 days −3.3%
Juan C. Sanabria★★★★★★★★★★#2930 · hits 56% · avg +4.0% BMO Capital $160 → $170+6.2% Buy +21.8% Upgrade 27.08.26on TipRanks 05:30 −1.6%next day +0.3% · 5 days −1.5%
Brendan Lynch★★★★★★★★★★#10289 · hits 46% · avg −1.1% Barclays $172 Buy +23.2% Reiterated 25.08.26on TipRanks 04:27 −1.3%next day −0.6% · 5 days −2.7%
Samir Khanal★★★★★★★★★★#4487 · hits 59% · avg +3.3% Bank of America Securities $160 Hold +14.6% Reiterated 24.08.26on TipRanks Aug 25 05:17 −0.1%next day −1.3% · 5 days −4.0%
Nicholas Yulico★★★★★★★★★★#2764 · hits 58% · avg +4.8% Scotiabank $157 → $158+0.6% Hold +13.2% Reiterated 18.08.26on TipRanks 09:40 +0.7%next day +0.5% · 5 days −1.2%
Michael Goldsmith★★★★★★★★★★#2214 · hits 66% · avg +6.6% UBS $163 Buy +16.8% Assigned 18.08.26on TipRanks 07:35 +0.7%next day +0.5% · 5 days −1.2%
Todd Thomas★★★★★★★★★★#1260 · hits 63% · avg +9.4% KeyBanc — Buy — Reiterated 04.08.26on TipRanks 03:55 −1.7%next day +0.3% · 5 days −2.1%
Caitlin Burrows★★★★★★★★★★#9655 · hits 57% · avg −0.8% Goldman Sachs $152 → $160+5.3% Hold +14.6% Reiterated 30.07.26on TipRanks 18:55 −0.8%next day −0.3% · 5 days −2.5%
Brad Heffern★★★★★★★★★★#705 · hits 54% · avg +11.7% RBC Capital $153 → $157+2.6% Hold +12.5% Reiterated 29.07.26on TipRanks Jul 30 07:02 +2.0%next day −4.7% · 5 days −7.4%
Michael Lewis★★★★★★★★★★#335 · hits 70% · avg +10.4% Truist Financial — Hold — Reiterated 29.07.26on TipRanks 10:39 +2.0%next day −4.7% · 5 days −7.4%
RJ Milligan★★★★★★★★★★#948 · hits 64% · avg +9.2% Raymond James $155 Buy +11.0% Initiated 15.07.26on TipRanks 16:25 +4.5%next day −0.5% · 5 days −1.6%
John Paul★★★★★★★★★★#9719 · hits 33% · avg −4.4% Exane BNP Paribas $141 → $154+9.2% Buy +10.3% Upgrade 18.03.26on TipRanks 07:20 0.0%next day 0.0% · 5 days −4.3%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Extra Space Storage

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Eric Luebchow★★★★★★★★★★Wells Fargo · #1436
Hits 54%163 of 302 Average return +9.1%
1 year Ravi Vaidya★★★★★★★★★★Mizuho Securities · #5842
Hits 90%9 of 10 Average return +7.7%
2 years Ravi Vaidya★★★★★★★★★★Mizuho Securities · #5842
Hits 90%9 of 10 Average return +7.7%

Most profitable

3 months Todd Thomas★★★★★★★★★★KeyBanc · #1260
Hits 63%150 of 238 Average return +9.4%
1 year Todd Thomas★★★★★★★★★★KeyBanc · #1260
Hits 63%150 of 238 Average return +9.4%
2 years Ravi Vaidya★★★★★★★★★★Mizuho Securities · #5842
Hits 90%9 of 10 Average return +7.7%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $158 at a price of $132 (+19.8%); now: $157 at $140 (+12.3%).

$130$140$150Sep 15Oct 1Oct 15Top analysts$155Average target$157Price$140

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

051044Oct 2523Nov24Dec26Jan 2629Feb39Mar39Apr25May16Jun27Jul49Aug57Sep43Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy212454
Hold567973
Sell000000

Earnings and sales forecast

Next report: 27.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $1.19 (from $1.12 to $1.21). Last quarter: $1.25.

Sales

Next quarter’s sales estimate — $890M (from $842M to $936M). Last quarter: $874M.

Best top-analyst consensus in the sector · Realestate

IRMIron Mountain
EPRTEssential Properties Realty
AHRAmerican Healthcare REIT, Inc.
RHPRyman
WELLWelltower
About Extra Space Storage
  • CEO: Joseph D. Margolis
  • Employees: 8,393
  • 2795 East Cottonwood Parkway, Salt Lake City, UT, 84121-7033, US
  • www.extraspace.com

Extra Space Storage Inc., a prominent, self-administered and self-managed real estate investment trust (REIT), is headquartered in Salt Lake City, Utah, and holds a distinguished place as a member of the S&P 500 index. As of September 30, 2020, its expansive portfolio encompassed 1,906 self-storage facilities, with operations spanning 40 U.S. states, Washington, D.C., and Puerto Rico. Collectively, these facilities offer roughly 1.4 million individual storage units, totaling approximately 147.5 million square feet of rentable area. Extra Space Storage caters to diverse customer needs by providing a wide array of secure and conveniently located storage solutions nationwide. This includes specialized options for vehicles like boats and RVs, as well as dedicated business storage. Notably, it holds the position of the second-largest owner and operator of self-storage facilities throughout the U.S., and stands as the nation's largest self-storage management company.

Data from the stock’s TipRanks forecast page, read 2 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗