In recent trading, Extra Space Storage Inc (EXR) shares surpassed the average analyst 12-month target price of $201.17, reaching $209.30 per share. This movement prompts analysts to consider adjusting their targets either upward or based on the valuation of the stock, affected by various business developments.
Currently, the price target among 12 analysts varies significantly, with one predicting a low of $160.00 and another a high of $250.00, leading to a standard deviation of $30.78. The firm’s ratings remain predominantly favorable, featuring seven strong buy ratings and four hold ratings, while the average rating stands at 1.94 (with 1 being ‘Strong Buy’ and 5 ‘Strong Sell’).
Investors are encouraged to assess whether the stock’s recent rise is indicative of further growth potential or if it has reached a point where profit-taking may be advisable.
