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 156.73, with a low estimate of 148 and a high estimate of 178. The average target predicts an increase of 5.04% from the current stock price of 149.21.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$148	$156.73	$155	$178
Change	-0.81%	+5.04%	+3.88%	+19.29%

Analyst Ratings

The average analyst rating for Extra Space Storage stock from 21 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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	6	6	6	6	6	6
Buy	2	2	3	2	3	3
Hold	13	12	11	12	11	12
Sell	0	1	1	1	1	0
Strong Sell	0	0	0	0	0	0
Total	21	21	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Lewis Truist Financial	Truist Financial	Hold Maintains $140 → $148	Hold	Maintains	$140 → $148	-0.81%	Jun 18, 2026
Michael Mueller J.P. Morgan	J.P. Morgan	Hold Maintains $144 → $157	Hold	Maintains	$144 → $157	+5.22%	Jun 16, 2026
Samir Khanal Bank of America Securities	Bank of America Securities	Hold Upgrades $147 → $156	Hold	Upgrades	$147 → $156	+4.55%	Jun 16, 2026
Juan C. Sanabria BMO Capital	BMO Capital	Hold Maintains $150 → $160	Hold	Maintains	$150 → $160	+7.23%	Jun 15, 2026
Michael Griffin CFA Evercore ISI	Evercore ISI	Hold Maintains $149 → $151	Hold	Maintains	$149 → $151	+1.20%	Jun 8, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.97B

from 3.45B

-13.94%

from 3.45B

Revenue Next Year

3.05B

from 2.97B

2.90%

from 2.97B

EPS This Year

4.53

from 4.59

-1.29%

from 4.59

EPS Next Year

4.74

from 4.53

4.70%

from 4.53

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	2.97B	3.05B
Revenue Growth	16.77%	22.11%	33.04%	27.12%	3.68%	-13.94%	2.90%
EPS	6.19	6.41	4.74	4.03	4.59	4.62	4.87
EPS Growth	66.96%	3.45%	-26.04%	-14.97%	13.88%	0.58%	5.44%
Forward PE	-	-	-	-	-	32.32	30.66
No. Analysts	-	-	-	-	-	6	6

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

Revenue Forecast

Revenue	2026	2027
High	3.0B	3.1B
Avg	3.0B	3.1B
Low	3.0B	3.0B

Revenue Growth

Revenue Growth	2026	2027
High	-13.4%	4.5%
Avg	-13.9%	2.9%
Low	-14.2%	2.0%

EPS Forecast

EPS	2026	2027
High	4.68	4.98
Avg	4.53	4.74
Low	4.37	4.57

EPS Growth

EPS Growth	2026	2027
High	1.9%	10.0%
Avg	-1.3%	4.7%
Low	-4.8%	0.9%

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.