50/100BPublic Storage stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Public Storage is 323.38, 3.5% below the current price of 335.04. Their targets range from 294.00 to 351.00.
Of the 11 firms that rated Public Storage in the past 12 months, 3 rate it buy or strong buy, 8 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 294.00 to 351.00, with an average of 323.38.
| Buy | 3 | |
| Hold | 8 | |
| Sell | 0 |
12-month price target
| Highest target | 351.00 |
| Average target | 323.38 |
| Lowest target | 294.00 |
| Current price | 335.04 |
Public Storage price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Public Storage price target and rating?
How analysts rate Public Storage, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
3 of 11 firms rate it buy now, against 5 of 12 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Public Storage analyst upgrades, downgrades and price targets
The latest rating change came on 10 July 2026, when Barclays downgraded Public Storage from Overweight to Equal Weight. The most recent new target came from RBC Capital on 28 October 2026: 323.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 28 Oct 2026 | RBC Capital | Reiterated · Sector Perform | 318.00 → 323.00 | +1.6% | 315.15 |
| 16 Oct 2026 | UBS | Reiterated · Neutral | 326.00 → 294.00 | -9.8% | 295.33 |
| 21 Sept 2026 | Evercore ISI | Reiterated · In Line | 316.00 → 308.00 | -2.5% | 296.26 |
| 10 Sept 2026 | Barclays | Reiterated · Equal Weight | 350.00 → 351.00 | +0.3% | 294.60 |
| 2 Sept 2026 | Scotiabank | Reiterated · Sector Outperform | 346.00 → 343.00 | -0.9% | 300.96 |
| 2 Sept 2026 | Mizuho Securities | Reiterated · Neutral | 316.00 → 319.00 | +0.9% | 302.86 |
| 1 Sept 2026 | Wells Fargo | — | 295.00 → 311.00 | +5.4% | 306.99 |
| 19 Aug 2026 | Barclays | Reiterated · Equal Weight | 349.00 → 350.00 | +0.3% | 323.10 |
| 18 Aug 2026 | Scotiabank | Reiterated · Sector Outperform | 345.00 → 346.00 | +0.3% | 327.18 |
| 31 Jul 2026 | RBC Capital Brad Heffern | Reiterated · Sector Perform | 305.00 → 318.00 | +4.3% | 322.02 |
| 10 Jul 2026 | UBS | Reiterated · Neutral | 314.00 → 326.00 | +3.8% | 319.35 |
| 10 Jul 2026 | Barclays | Downgraded · Overweight → Equal Weight | — | — | — |
| 8 Jul 2026 | Scotiabank | Reiterated · Sector Outperform | 345.00 | — | 323.47 |
| 6 Jul 2026 | Evercore ISI | Reiterated · In Line | 306.00 → 316.00 | +3.3% | 323.02 |
| 23 Jun 2026 | Truist Financial Michael Lewis | Reiterated · Buy | 317.00 → 338.00 | +6.6% | 320.22 |
| 27 May 2026 | Mizuho Securities | Reiterated · Neutral | 285.00 → 316.00 | +10.9% | 304.47 |
| 18 May 2026 | UBS Michael Goldsmith | Reiterated · Neutral | 276.00 → 314.00 | +13.8% | 295.28 |
| 7 May 2026 | Barclays Brendan Lynch | Reiterated · Overweight | 352.00 → 349.00 | -0.9% | 308.98 |
| 4 May 2026 | Evercore ISI | Reiterated · In Line | 302.00 → 306.00 | +1.3% | 300.42 |
| 29 Apr 2026 | Goldman Sachs | — | 330.00 → 341.00 | +3.3% | 294.09 |
| 29 Apr 2026 | RBC Capital Brad Heffern | Reiterated · Sector Perform | 305.00 | — | 297.14 |
| 20 Apr 2026 | Barclays | Reiterated · Overweight | 331.00 → 352.00 | +6.3% | 309.22 |
| 16 Mar 2026 | William Blair | — | 305.00 | — | 288.33 |
| 20 Feb 2026 | Goldman Sachs Caitlin Burrows | — | 330.00 | — | 305.00 |
| 17 Feb 2026 | Evercore ISI | Reiterated · In Line | 309.00 → 302.00 | -2.3% | 300.35 |
| 5 Feb 2026 | Wells Fargo Eric Luebchow | Downgraded · Overweight → Equal Weight | 330.00 → 295.00 | -10.6% | 288.50 |
| 26 Jan 2026 | Wolfe Research | Downgraded · Outperform → Peer Perform | — | — | — |
| 20 Jan 2026 | Deutsche Bank | — | 325.00 → 285.00 | -12.3% | 293.89 |
| 20 Jan 2026 | Truist Financial | Reiterated · Buy | 315.00 → 317.00 | +0.6% | 293.89 |
| 13 Jan 2026 | Barclays | — | 354.00 → 331.00 | -6.5% | 276.33 |
| 8 Jan 2026 | UBS | Reiterated · Neutral | 276.00 | — | 265.68 |
| 18 Dec 2025 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 5 Dec 2025 | Mizuho Securities Ravi Vaidya | Reiterated · Neutral | 285.00 | — | 276.63 |
| 5 Dec 2025 | Morgan Stanley | — | 290.00 | — | 276.63 |
| 1 Dec 2025 | Evercore ISI | Reiterated · In Line | 315.00 → 309.00 | -1.9% | 272.99 |
| 25 Nov 2025 | Truist Financial | Reiterated · Buy | 315.00 | — | 274.38 |
Public Storage EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Public Storage's EPS to grow 3.0% a year until 2028. Over the last 5 years it grew 7.5% a year, and over the last 3 years it fell 27.4%.
Analysts expect Public Storage's revenue to grow 7.4% a year until 2028. Over the last 5 years it grew 10.6% a year, and over the last 3 years 4.9%.
Revenue
EPS
Does Public Storage beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 14.1% off the result, either way, and their revenue estimate 0.6%, over the last 12 quarters.
- EPS beats
- 68 / 100
- Revenue beats
- 57 / 94
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -4.9%
- Since
- November 2001
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 26 Oct 2026 | 2.49 | 1.69 | -32.1% | 1.34B | 1.37B | +1.9% |
| Q2 FY2026 | 29 Jul 2026 | 2.53 | 2.55 | +0.8% | 1.23B | 1.23B | -0.1% |
| Q1 FY2026 | 27 Apr 2026 | 2.42 | 2.71 | +12.0% | 1.22B | 1.22B | +0.2% |
| Q4 FY2025 | 12 Feb 2026 | 2.49 | 2.60 | +4.4% | 1.21B | 1.22B | +0.2% |
| Q3 FY2025 | 29 Oct 2025 | 2.53 | 2.63 | +4.0% | 1.22B | 1.22B | +0.6% |
| Q2 FY2025 | 30 Jul 2025 | 2.56 | 1.76 | -31.3% | 1.20B | 1.20B | -0.1% |
| Q1 FY2025 | 30 Apr 2025 | 2.39 | 2.04 | -14.6% | 1.18B | 1.18B | +0.4% |
| Q4 FY2024 | 24 Feb 2025 | 2.56 | 3.22 | +25.8% | 1.18B | 1.18B | -0.5% |
| Q3 FY2024 | 30 Oct 2024 | 2.60 | 2.16 | -16.9% | 1.18B | 1.19B | +0.8% |
| Q2 FY2024 | 30 Jul 2024 | 2.57 | 2.66 | +3.5% | 1.17B | 1.17B | +0.4% |
| Q1 FY2024 | 30 Apr 2024 | 2.49 | 2.60 | +4.4% | 1.15B | 1.16B | +0.9% |
| Q4 FY2023 | 20 Feb 2024 | 2.73 | 2.21 | -19.0% | 1.15B | 1.16B | +1.1% |
Public Storage stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Public Storage's earnings keep growing at the 3.0% a year analysts expect to FY2028, it would earn about 10.45 a share in FY2030. At the P/E it has traded at over the last five years (11.9 to 37.8) that is 123.80 to 394.80 a share, or 293.90 at its average P/E of 28.1. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 9.35 | 110.82 | 263.08 | 353.40 |
| FY2027 | 9.33 | 110.53 | 262.37 | 352.46 |
| FY2028 | 9.85 | 116.80 | 277.27 | 372.46 |
| FY2029 (extrapolated) | 10.15 | 120.25 | 285.46 | 383.47 |
| FY2030 (extrapolated) | 10.45 | 123.80 | 293.90 | 394.80 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 3.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (11.9, 28.1, 37.8).
Is Public Storage stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Public Storage's P/E of 35.0 is near the top of its 5-year range (10.2 to 44.1, median 28.7). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay more for each point of growth than usual: a PEG of 11.5 on expected growth against 3.9 on its median P/E and past five years' growth. At its usual P/E (28.7 × EPS of 9.58), Public Storage's fair value is 274.90; the price, 335.04, is 21.9% above it. Its forward P/E, on the consensus for FY2026, is 35.8.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (10.2 and 44.1). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 34.97
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 28.69
- Five-year P/E range
- 10.2 – 44.1
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 35.83
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 11.83
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- -3.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 235.690 | 464.49205Price 235.69627 | +97.1% | |
| 28.860 | 56.2634Price 28.8696 | +94.9% | |
| 199.110 | 384.58163Price 199.112,644 | +93.1% | |
| 123.990 | 237.24178Price 123.99297 | +91.3% | |
| 157.820 | 297.58169Price 157.82471 | +88.6% | |
| 162.670 | 305.52160Price 162.67396 | +87.8% | |
| 216.610 | 405.38304Price 216.61507 | +87.1% |
Furthest below the fair value on each stock's page, updated every day.