Beam Global Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Beam Global stock have an average target of 22.5, with a low estimate of 15 and a high estimate of 30. The average target predicts an increase of 251.56% from the current stock price of 6.40.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$15	$22.5	$30	$30
Change	+134.37%	+251.56%	+368.75%	+368.75%

Analyst Ratings

The average analyst rating for Beam Global stock from 3 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	3	3	3	3	3	2
Buy	1	1	1	1	1	0
Hold	0	0	0	0	0	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Souther B. Riley Securities	B. Riley Securities	Strong Buy Maintains $18 → $15	Strong Buy	Maintains	$18 → $15	+134.37%	Apr 18, 2024
Amit Dayal HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $30	Strong Buy	Reiterates	$30	+368.75%	Apr 18, 2024
Chris Pierce Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Apr 18, 2024
Christopher Souther B. Riley Securities	B. Riley Securities	Strong Buy Reiterates $25	Strong Buy	Reiterates	$25	+290.63%	Jul 20, 2023
Amit Dayal HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $30	Strong Buy	Reiterates	$30	+368.75%	May 22, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

66.70M

from 22.00M

203.26%

from 22.00M

Revenue Next Year

87.34M

from 66.70M

30.95%

from 66.70M

EPS This Year

-1.40

from -1.99

EPS Next Year

-0.52

from -1.40

Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	6.16M	5.11M	6.21M	9.00M	22.00M	66.70M	87.34M	113.00M	129.63M	153.63M	185.99M
Revenue Growth	336.42%	-17.05%	21.50%	44.95%	144.33%	203.26%	30.95%	29.37%	14.72%	18.51%	21.06%
EPS	-1.24	-0.88	-0.84	-0.74	-1.99	-1.40	-0.52	0.18	0.94	2.14	2.85
EPS Growth	-	-	-	-	-	-	-	-	413.89%	127.03%	32.86%
No. Analysts	-	-	-	-	-	6	6	5	4	3	3

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

Revenue Forecast

Revenue	2023	2024	2025	2026	2027	2028
High	73.5M	105.0M	131.3M	154.4M	193.4M	237.0M
Avg	66.7M	87.3M	113.0M	129.6M	153.6M	186.0M
Low	61.7M	74.3M	101.2M	106.8M	114.7M	136.2M

Revenue Growth

Revenue Growth	2023	2024	2025	2026	2027	2028
High	234.2%	57.4%	50.3%	36.7%	49.2%	54.2%
Avg	203.3%	30.9%	29.4%	14.7%	18.5%	21.1%
Low	180.7%	11.4%	15.9%	-5.5%	-11.5%	-11.3%

EPS Forecast

EPS	2023	2024	2025	2026	2027	2028
High	-1.24	-0.47	0.53	1.52	2.21	2.93
Avg	-1.40	-0.52	0.18	0.94	2.14	2.85
Low	-1.67	-0.59	-0.39	0.39	2.06	2.73

EPS Growth

EPS Growth	2023	2024	2025	2026	2027	2028
High	-	-	-	729.2%	133.7%	36.8%
Avg	-	-	-	413.9%	127.0%	32.9%
Low	-	-	-	113.5%	118.1%	27.6%

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.