Grocery Outlet Holding Corp. (GO)
NASDAQ: GO · IEX Real-Time Price · USD
26.97
+0.50 (1.89%)
Apr 19, 2024, 4:00 PM EDT - Market closed
Grocery Outlet Holding Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for GO stock have an average target of 31.44, with a low estimate of 20 and a high estimate of 39. The average target predicts an increase of 16.57% from the current stock price of 26.97.
Analyst Consensus: Hold
* Price targets were last updated on Feb 28, 2024.
Analyst Ratings
The average analyst rating for GO stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 1 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 5 | 5 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 9 | 9 | 9 | 9 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Hold → Strong Buy Upgrades $36 | Hold → Strong Buy | Upgrades | $36 | +33.48% | Feb 28, 2024 |
| UBS | UBS | Hold Maintains $32 → $30 | Hold | Maintains | $32 → $30 | +11.23% | Feb 28, 2024 |
| Telsey Advisory Group | Telsey Advisory Group | Buy Maintains $40 → $37 | Buy | Maintains | $40 → $37 | +37.19% | Feb 28, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $33 → $24 | Strong Sell | Maintains | $33 → $24 | -11.01% | Dec 13, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Buy → Strong Sell Downgrades $33 → $24 | Strong Buy → Strong Sell | Downgrades | $33 → $24 | -11.01% | Dec 12, 2023 |
Financial Forecast
Revenue This Year
4.47B
from 3.97B
Increased by 12.51%
Revenue Next Year
4.88B
from 4.47B
Increased by 9.18%
EPS This Year
1.21
from 0.79
Increased by 52.83%
EPS Next Year
1.32
from 1.21
Increased by 9.12%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.6B | 5.0B | 5.5B | 6.0B | 6.5B |
| Avg | 4.5B | 4.9B | 5.3B | 5.9B | 6.4B |
| Low | 4.1B | 4.5B | 5.0B | 5.6B | 6.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.5% | 12.7% | 13.0% | 12.1% | 11.0% |
| Avg | 12.5% | 9.2% | 9.7% | 10.0% | 8.9% |
| Low | 4.5% | 1.6% | 2.6% | 4.6% | 3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.26 | 1.46 | 1.66 | 1.71 | 1.88 |
| Avg | 1.21 | 1.32 | 1.42 | 1.68 | 1.84 |
| Low | 1.09 | 1.15 | 1.19 | 1.60 | 1.75 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 59.5% | 20.9% | 25.9% | 20.4% | 11.9% |
| Avg | 52.8% | 9.1% | 7.9% | 18.1% | 9.8% |
| Low | 37.7% | -5.0% | -10.0% | 12.4% | 4.5% |
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.