Truist Securities analyst Ki Bin Kim has maintained a "Hold" rating for Extra Space Storage (EXR) but lowered the price target from $158 to $150, a -5.06% change. Barclays analyst Brendan Lynch also maintained an "Overweight" rating, lowering the price target from $178 to $169, a -5.06% change. The average target price for EXR is $160.61 with a high estimate of $178 and a low estimate of $147, indicating a 15.17% upside from the current price of $139.45.
Truist Securities analyst Ki Bin Kim has maintained a "Hold" rating for Extra Space Storage (EXR) but lowered the price target from $158 to $150, a -5.06% change [1]. Meanwhile, Barclays analyst Brendan Lynch also maintained an "Overweight" rating, lowering the price target from $178 to $169, a -5.06% change [2]. The average target price for EXR is $160.61 with a high estimate of $178 and a low estimate of $147, indicating a 15.17% upside from the current price of $139.45 [3].
These adjustments reflect the analysts' assessment of the company's current market position and future prospects. The broader LA rental dynamics have improved, and the firm is seeing slightly better demand activity, according to Truist [1]. However, the hold rating reflects the stock's relative fair valuation level [1].
Analysts' evaluations of EXR have been diverse, with some bullish and others bearish. In the past three months, 7 analysts have analyzed the stock, with an average price target of $155.43 [3]. The current market capitalization of EXR underscores its superior size and market presence [4].
Investors should stay informed about analyst ratings and price targets to make well-considered decisions. The consensus rating for EXR is Hold, with an average rating score of 2.47 [4].
References:
[1] https://www.tipranks.com/news/the-fly/extra-space-storage-price-target-lowered-to-150-from-158-at-truist-thefly
[2] https://news.futunn.com/en/post/60760896/truist-financial-maintains-extra-space-storage-inc-exrus-with-hold
[3] https://www.benzinga.com/insights/analyst-ratings/25/08/47217536/what-analysts-are-saying-about-extra-space-storage-stock
[4] https://www.marketbeat.com/stocks/NYSE/EXR/
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