Why Wall Street Can’t Agree on Extra Space Storage Inc. (EXR)

Extra Space Storage Inc. (NYSE:EXR) is among the 14 Most Profitable Real Estate Stocks Right Now. On March 26, Michael Lewis, an analyst at Truist, trimmed the price target on Extra Space Storage Inc. (NYSE:EXR) from $145 to $140 and maintained a Hold rating. This is part of the firm’s broader readjustment of models to incorporate Q4 results, while it updates revenue growth and expense assumptions, according to TheFly.

Several other analysts have recently revised their outlook for Extra Space Storage Inc. (NYSE:EXR). On March 23, JPMorgan lifted the price target on the company to $144 from $142 and reiterated a Neutral rating. The firm revised models in the storage real estate investment trust space. Similarly, Ravi Vaidya from Mizuho elevated the price target on the company to $150, up from $143, on March 17. The firm has an Outperform rating on the stock.

Roll up door, Door, Storage

Photo by Adam Winger on Unsplash

Overall, Extra Space Storage Inc. (NYSE:EXR) has a Buy rating from 38% of analysts covering the stock, with 52% neutral and the remaining 10% bearish. The consensus 1-year median price target of $150 implies an upside potential of 16.32%.

Extra Space Storage Inc. (NYSE:EXR), headquartered in Utah, is a self-administered and self-managed REIT offering a range of conveniently located and secure storage units. The company owned and operated 4,238 self-storage stores as of September 30, 2025.

While we acknowledge the risk and potential of EXR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EXR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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