Frontline plc (FRO)

Frontline Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Frontline stock have an average target of 27.58, with a low estimate of 22.3 and a high estimate of 32. The average target predicts an increase of 12.53% from the current stock price of 24.51.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$22.3	$27.58	$30	$32
Change	-9.02%	+12.53%	+22.40%	+30.56%

* Price targets were last updated on Aug 30, 2024.

Analyst Ratings

The average analyst rating for Frontline stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Apr '24	May '24	Jun '24	Jul '24	Aug '24	Sep '24
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	1	1	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Omar Nokta Jefferies	Jefferies	Strong Buy Maintains $30	Strong Buy	Maintains	$30	+22.40%	Aug 30, 2024
Jonathan Chappell Evercore ISI Group	Evercore ISI Group	Buy Maintains $33 → $32	Buy	Maintains	$33 → $32	+30.56%	Jul 23, 2024
Omar Nokta Jefferies	Jefferies	Strong Buy Maintains $30	Strong Buy	Maintains	$30	+22.40%	May 30, 2024
Omar Nokta Jefferies	Jefferies	Hold → Strong Buy Upgrades $22 → $30	Hold → Strong Buy	Upgrades	$22 → $30	+22.40%	Mar 21, 2024
Samuel Bland JP Morgan	JP Morgan	Hold Maintains $23 → $22	Hold	Maintains	$23 → $22	-9.02%	Mar 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.66B

Decreased by -8.17%

from 1.80B

Revenue Next Year

1.87B

Increased by 12.93%

from 1.66B

EPS This Year

3.10

Increased by 4.97%

from 2.95

EPS Next Year

3.94

Increased by 27.39%

from 3.10

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	956.63M	1.22B	749.38M	1.43B	1.80B	1.66B	1.87B	1.82B
Revenue Growth	29.10%	27.65%	-38.64%	90.85%	26.01%	-8.17%	12.93%	-2.51%
EPS	0.78	2.09	-0.08	2.22	2.95	3.10	3.94	3.73
EPS Growth	-	167.95%	-	-	32.70%	4.97%	27.39%	-5.40%
Forward PE	-	-	-	-	-	7.92	6.22	6.57
No. Analysts	-	-	-	-	-	12	12	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027
High	1.9B	2.8B	2.7B
Avg	1.7B	1.9B	1.8B
Low	1.5B	1.4B	1.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	4.0%	68.3%	43.4%
Avg	-8.2%	12.9%	-2.5%
Low	-18.4%	-13.5%	-21.7%

EPS Forecast

EPS	2024	2025	2026	2027
High	4.32	6.46	6.47
Avg	3.10	3.94	3.73
Low	2.43	2.79	2.82

EPS Growth

EPS Growth	2024	2025	2026	2027
High	46.4%	108.6%	64.0%
Avg	5.0%	27.4%	-5.4%
Low	-17.6%	-9.8%	-28.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.