PSA Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for PSA for the next trading week:
Technical Analysis
- Current price is around $291.93 with key Fibonacci resistance levels at $299.76 and $303.38
- RSI at 39.79 indicates the stock is approaching oversold territory but not yet extremely oversold
- Price is trading below both 20-day MA ($295.35) and 200-day MA ($305.98), suggesting bearish momentum
- MACD at -5.72 shows strong downward momentum
News Sentiment Analysis
- Recent softer inflation data has created potential buying opportunities in REITs sector
- PSA will report Q4 earnings on February 18, with analysts expecting FFO of $4.23 per share, slightly up from $4.20 year-over-year
- For fiscal 2024, analysts expect FFO of $16.70 per share, down 1.1% from $16.89 in fiscal 2023, but projecting 3.4% growth to $17.27 in fiscal 2025
- Wall Street maintains "Moderate Buy" rating with mean price target of $342.65, indicating 15.7% potential upside
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Support levels: $288.03, $284.41
- Resistance levels: $299.76, $303.38
- Target price range: $285-295
Trading Recommendation: SELL
- Current technical indicators show bearish momentum
- Price likely to test support levels before potential earnings-driven bounce
- Optimal selling zone: $295-300 if price rebounds
- Stop loss: Above $303.38
The stock is expected to remain under pressure in the short term due to technical weakness, though longer-term outlook remains positive based on analyst targets and fundamental factors.
PSA Similar Chart Price Prediction
The price of PSA is predicted to go up -1.21%, based on the high correlation periods with T. The similarity of these two price pattern on the periods is 96.38%.
PSA
T
Down: -1.21%Similarity: 96.38%
PSA Revenue Forecast
PSA EPS Forecast
PSA FAQs
What is revenue forecast for next quarter？
PSA VS S&P500
Public Storage's commanding lead in supply-restricted West Coast markets leads to consistent revenue growth.
Public Storage's industry-leading balance sheet leaves room for low-cost consolidation opportunities in a fragmented market.
Pandemic-fueled changes like work from home, decluttering, migration, and so on, have persisted and have created more demand for self-storage facilities leading to strong occupancy rates and rental growth.
PSA Analyst's Forecast
Brendan Lynch
Barclays
Buy
Price Target
$380 → $361
Upside
+24.38%
Barclays lowered the firm's price target on Public Storage to $361 from $380 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.
Eric Luebchow
Wells Fargo
Buy
Price Target
$375 → $365
Upside
+7.16%
Brendan Lynch
Barclays
Buy
Price Target
$374 → $381
Upside
+13.21%