EXR Price Prediction Next Week
Technical Analysis
Recent price action shows EXR trading in a consolidation pattern between $153-$156. The stock has formed a descending triangle pattern with lower highs, suggesting potential downward pressure.
News Catalysts
- Upcoming Q4 earnings release on February 25th (tomorrow) with analysts expecting revenue of $766.95M and EPS of $1.06
- Recent quarterly dividend declaration of $1.62 per share (4.16% forward yield)
- Insider selling activity with 6 sales and no purchases in past 6 months
- Mixed institutional activity with 336 funds adding positions while 393 reduced holdings
Price Prediction for Next Week
Based on technical analysis and upcoming catalysts:
Base Case (60% probability):
- Support level: $152
- Resistance level: $158
- Target range: $154-$156
- Earnings reaction likely to cause increased volatility
Bearish Case (30% probability):
- Break below $152 support could trigger decline to $148-$150 range
- Negative earnings surprise or guidance could accelerate selling
Bullish Case (10% probability):
- Break above $158 resistance opens path to $162-$165
- Would require significant earnings beat and positive guidance
Recommendation: SELL
The combination of:
- Bearish technical setup with descending triangle pattern
- Significant insider selling with no purchases
- More institutions reducing vs adding positions
- High-risk earnings event tomorrow
Suggests taking profits or establishing short positions with tight stop above $158. Target price: $150 within next 5-7 trading days.
EXR Similar Chart Price Prediction
The price of EXR is predicted to go up -18.45%, based on the high correlation periods with QMCO. The similarity of these two price pattern on the periods is 96.06%.
EXR
QMCO
Down: -18.45%Similarity: 96.06%
EXR Revenue Forecast
EXR EPS Forecast
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EXR VS S&P500
Extra Space's third-party management business serves not only as a capital-light revenue stream, but also as an acquisition pipeline, ensuring future growth.
Extra Space Storage's strong balance sheet leaves room for low-cost consolidation opportunities in a fragmented market.
Pandemic-fueled changes like working from home, decluttering, and migration have persisted and have created more demand for self-storage facilities.
EXR Analyst's Forecast
Brendan Lynch
Barclays
Buy
2025-01-13
Price Target
$192 → $184
Upside
+24.83%
Barclays lowered the firm's price target on Extra Space Storage to $184 from $192 and keeps an Overweight rating on the shares as part of a 2025 outlook for the real estate investment trust and U.S. communications infrastructure sectors. The increase in carrier application activity in the second half of 2024 should create a modest improvement in amendment and new lease billings in 2025 and further improvement in 2026 for the towers, the analyst tells investors in a research note. Barclays anticipates new customer rates will bottom in Q1 for self-storage and that the office companies over-index to class A properties and generally have stronger balance sheets than private peers.
Nicholas Yulico
Scotiabank
Sell → Hold
2025-01-10
Price Target
$167
Upside
+13.77%
Nicholas Yulico
Scotiabank
Sell
2024-11-25
Price Target
$169 → $167
Downside
-2%
