Key Insights:
- Public Storage (PSA, Financial) receives an upgrade from BofA Securities, boosting its stock price by 2.41%.
- Analysts predict an average price target of $328.41, offering a potential upside of 11.30%.
- GuruFocus estimates suggest a 12.43% upside based on the GF Value metric.
Public Storage (PSA) saw its stock rise by 2.41% to $294.50 following an upgrade from BofA Securities. The investment firm raised its rating to Buy from Neutral, elevating the price target to $368. The positive outlook is based on a robust balance sheet and favorable market conditions.
Wall Street Analysts Forecast
According to projections from 17 analysts, the average price target for Public Storage (PSA, Financial) is $328.41, with estimates ranging from a high of $378.00 to a low of $287.00. This average target presents a potential upside of 11.30% from the current price of $295.08. More details on these estimates can be found on the Public Storage (PSA) Forecast page.
Brokerage Recommendations
The consensus recommendation from 21 brokerage firms positions Public Storage's (PSA, Financial) average brokerage recommendation at 2.3, categorizing it under the "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
GF Value Estimate
GuruFocus estimates place the GF Value for Public Storage (PSA, Financial) in one year at $331.77. This suggests a potential upside of 12.43% from the current price of $295.08. The GF Value is GuruFocus' estimate of the fair value the stock should trade at, calculated from historical trading multiples, past business growth, and future performance estimates. Further information can be accessed on the Public Storage (PSA) Summary page.
