Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Extra Space Storage Inc. (EXR) has a Wall Street consensus price target of $150.00, based on estimates from 28 covering analysts. With the stock currently trading at $151.03, this represents a potential downside of -0.7%. The company has a market capitalization of $32.06B.
Analyst price targets range from a low of $143.00 to a high of $164.00, representing a 14% spread in expectations. The median target of $149.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 12 analysts rating the stock as a Buy or Strong Buy,15 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, EXR trades at a trailing P/E of 37.5x and forward P/E of 31.7x. The forward PEG ratio of 7.10 reflects a premium valuation. Analysts expect EPS to grow +6.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $221.62, with bear and bull scenarios of $145.19 and $379.49 respectively. Model confidence stands at 65/100, reflecting moderate uncertainty in projections.
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Start ComparisonWall Street's consensus price target for EXR is $150, -0.7% from its current price of $151.03. The below-market target from 28 analysts suggests limited near-term appreciation.
EXR has a consensus rating of "Hold" based on 28 Wall Street analysts. The rating breakdown is mixed, with 15 Hold ratings making up the largest segment. The consensus 12-month price target of $150 implies -0.7% downside from current levels.
EXR trades at a forward P/E of 31.6505x, representing a moderate valuation. With analysts targeting $150 (-0.7% implied move), the stock appears close to fair value.
The most bullish Wall Street analyst has a price target of $164 for EXR, while the most conservative target is $143. The consensus of $150 represents the median expectation. Our quantitative valuation model projects a bull case target of $379 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
EXR is heavily covered by Wall Street, with 28 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 15 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month EXR stock forecast based on 28 Wall Street analysts shows a consensus price target of $150, with estimates ranging from $143 (bear case) to $164 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $222, with bear/bull scenarios of $145/$379.
Our quantitative valuation model calculates EXR's fair value at $222 (base case), with a bear case of $145 and bull case of $379. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 65/100.
EXR trades at a forward P/E ratio of 31.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 37.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on EXR, with 1 Sell ratings and a price target of $150 (-0.7% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
EXR analyst price targets range from $143 to $164, a 14% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $150 consensus represents the middle ground. Our model's $145-$379 range provides an independent fundamental perspective.