Grocery Outlet Holding Corp. (GO)
NASDAQ: GO · IEX Real-Time Price · USD
22.00
-0.05 (-0.23%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Grocery Outlet Holding Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for GO stock have an average target of 29.5, with a low estimate of 20 and a high estimate of 39. The average target predicts an increase of 34.09% from the current stock price of 22.00.
Analyst Consensus: Hold
* Price targets were last updated on May 10, 2024.
Analyst Ratings
The average analyst rating for GO stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 4 | 4 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 9 | 9 | 9 | 9 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $43 → $25 | Strong Buy | Maintains | $43 → $25 | +13.64% | May 10, 2024 |
| Roth MKM | Roth MKM | Hold Maintains $27 → $22 | Hold | Maintains | $27 → $22 | n/a | May 9, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $24 → $21 | Strong Sell | Maintains | $24 → $21 | -4.55% | May 9, 2024 |
| UBS | UBS | Hold Maintains $30 → $27 | Hold | Maintains | $30 → $27 | +22.73% | May 8, 2024 |
| Craig-Hallum | Craig-Hallum | Hold → Strong Buy Upgrades $36 | Hold → Strong Buy | Upgrades | $36 | +63.64% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
4.48B
from 3.97B
Increased by 12.96%
Revenue Next Year
4.90B
from 4.48B
Increased by 9.28%
EPS This Year
0.95
from 0.79
Increased by 20.24%
EPS Next Year
1.19
from 0.95
Increased by 25.04%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.6B | 5.1B | 5.6B | 5.9B | 6.4B |
| Avg | 4.5B | 4.9B | 5.4B | 5.8B | 6.3B |
| Low | 4.2B | 4.6B | 5.0B | 5.5B | 6.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.6% | 13.8% | 13.4% | 9.9% | 10.3% |
| Avg | 13.0% | 9.3% | 9.9% | 7.8% | 8.2% |
| Low | 6.6% | 1.9% | 2.8% | 2.5% | 2.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.00 | 1.35 | 1.45 | 1.58 | 1.71 |
| Avg | 0.95 | 1.19 | 1.31 | 1.55 | 1.68 |
| Low | 0.85 | 1.00 | 1.11 | 1.47 | 1.60 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.3% | 42.6% | 22.0% | 20.4% | 10.8% |
| Avg | 20.2% | 25.0% | 10.1% | 18.1% | 8.7% |
| Low | 7.9% | 5.2% | -6.8% | 12.4% | 3.4% |
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.