Public Storage Stock Plummets, Analysts See 18% Upside

Public Storages stock has plummeted over twenty percent since December, with a year-long decline of nearly nine percent. This drop is attributed to softer demand, lower rental rates, and rising operational costs, exacerbated by economic uncertainty and a slowing housing market. Despite these challenges, analysts maintain a Moderate Buy rating, predicting an eighteen percent increase from current levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.