Evaluating Extra Space Storage: Insights From 7 Financial Analysts
Portfolio Pulse from Benzinga Insights
Extra Space Storage (NYSE:EXR) has been evaluated by 7 financial analysts, with a mix of opinions ranging from bullish to indifferent. The average 12-month price target for EXR is $159.71, up 9.52% from the previous target of $145.83. Analysts from firms like Deutsche Bank, Goldman Sachs, Truist Securities, Morgan Stanley, Wells Fargo, and Stifel have adjusted their ratings and price targets, reflecting their views on the company's market position and financial performance. Extra Space Storage is a REIT with a strong market presence, significant revenue growth, high net margin, and effective asset utilization, but with a lower ROE than industry benchmarks.
January 30, 2024 | 4:00 pm
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Extra Space Storage has received varied analyst ratings with an increased average price target of $159.71. The company's strong financial performance and market presence may positively influence investor sentiment.
The increase in the average price target suggests a positive outlook from analysts, which could lead to a short-term increase in stock price. The company's strong revenue growth and net margin are likely to be viewed favorably by investors, despite a lower ROE. The diverse analyst opinions indicate a level of uncertainty, but the overall positive financial metrics and the upward revision of price targets suggest a likely positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100