Extra Space Storage Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Extra Space Storage stock have an average target of 144.8, with a low estimate of 55 and a high estimate of 170. The average target predicts an increase of 2.68% from the current stock price of 141.02.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$55	$144.8	$150	$170
Change	-61.00%	+2.68%	+6.37%	+20.55%

Analyst Ratings

The average analyst rating for Extra Space Storage stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	2	2	2	2	2	2
Buy	4	4	3	3	3	3
Hold	7	9	10	10	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	15	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Luebchow Wells Fargo	Wells Fargo	Buy Maintains $150 → $148	Buy	Maintains	$150 → $148	+4.95%	Apr 16, 2026
Michael Mueller JP Morgan	JP Morgan	Hold Maintains $142 → $144	Hold	Maintains	$142 → $144	+2.11%	Mar 23, 2026
Brendan Lynch Barclays	Barclays	Buy Maintains $164 → $170	Buy	Maintains	$164 → $170	+20.55%	Mar 5, 2026
Nicholas Yulico Scotiabank	Scotiabank	Hold Maintains $145 → $156	Hold	Maintains	$145 → $156	+10.62%	Mar 2, 2026
Brad Heffern RBC Capital	RBC Capital	Hold Maintains $142 → $153	Hold	Maintains	$142 → $153	+8.50%	Feb 23, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

3.22B

from 3.45B

-6.45%

from 3.45B

Revenue Next Year

3.34B

from 3.22B

3.63%

from 3.22B

EPS This Year

4.72

from 4.59

2.92%

from 4.59

EPS Next Year

4.95

from 4.72

4.78%

from 4.72

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.61B	1.97B	2.62B	3.32B	3.45B	3.22B	3.34B
Revenue Growth	16.77%	22.11%	33.04%	27.12%	3.68%	-6.45%	3.63%
EPS	6.19	6.41	4.74	4.03	4.59	4.72	4.95
EPS Growth	66.96%	3.45%	-26.04%	-14.97%	13.88%	2.92%	4.78%
Forward PE	-	-	-	-	-	29.86	28.49
No. Analysts	-	-	-	-	-	10	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	3.7B	3.8B
Avg	3.2B	3.3B
Low	2.9B	3.0B

Revenue Growth

Revenue Growth	2026	2027
High	6.2%	17.6%
Avg	-6.5%	3.6%
Low	-16.5%	-8.4%

EPS Forecast

EPS	2026	2027
High	5.16	5.42
Avg	4.72	4.95
Low	4.28	4.50

EPS Growth

EPS Growth	2026	2027
High	12.3%	14.7%
Avg	2.9%	4.8%
Low	-6.7%	-4.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.