Golden Ocean Group Limited (GOGL)
NASDAQ: GOGL · Real-Time Price · USD
11.31
+0.02 (0.18%)
At close: Nov 6, 2024, 4:00 PM
11.74
+0.43 (3.80%)
Pre-market: Nov 7, 2024, 9:13 AM EST

Golden Ocean Group Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Golden Ocean Group stock has a target of 14.5, which predicts an increase of 28.21% from the current stock price of 11.31.

Analyst Consensus: Hold
Target Low Average Median High
Price $14.5 $14.5 $14.5 $14.5
Change +28.21% +28.21% +28.21% +28.21%
* Price targets were last updated on Aug 28, 2024.

Analyst Ratings

The average analyst rating for GOGL stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 000000
Buy 000000
Hold 222222
Sell 000000
Strong Sell 000000
Total 222222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Jefferies
Jefferies
Hold
Maintains
$16$15
Hold Maintains $16$15 +28.21% Aug 28, 2024
Jefferies
Jefferies
Hold
Downgrades
$16
Hold Downgrades $16 +37.05% May 22, 2024
Jefferies
Jefferies
Strong Buy
Reiterates
$15
Strong Buy Reiterates $15 +32.63% Feb 28, 2024
BTIG
BTIG
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Jan 5, 2024
Jefferies
Jefferies
Strong Buy
Upgrades
$8$11
Strong Buy Upgrades $8$11 -2.74% Oct 24, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
869.04M
from 885.77M
Decreased by -1.89%
Revenue Next Year
921.40M
from 869.04M
Increased by 6.03%
EPS This Year
1.44
from 0.56
Increased by 157.24%
EPS Next Year
1.81
from 1.44
Increased by 25.51%
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
704.63M610.91M1.20B1.11B885.77M869.04M921.40M904.94M
Revenue Growth
6.91%-13.30%96.62%-7.34%-20.42%-1.89%6.03%-1.79%
EPS
0.26-0.962.732.290.561.441.811.83
EPS Growth
-55.82%---16.12%-75.55%157.24%25.51%1.35%
Forward PE
-----7.856.266.17
No. Analysts -----11119
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 1.1B 1.1B 1.2B
Avg 869.0M 921.4M 904.9M
Low 791.8M 761.5M 715.4M

Revenue Growth

Revenue Growth 2024202520262027
High
20.6%
26.6%
26.3%
Avg
-1.9%
6.0%
-1.8%
Low
-10.6%
-12.4%
-22.4%

EPS Forecast

EPS 2024202520262027
High 1.61 2.31 2.29
Avg 1.44 1.81 1.83
Low 1.15 1.39 1.15

EPS Growth

EPS Growth 2024202520262027
High
186.9%
60.4%
26.6%
Avg
157.2%
25.5%
1.4%
Low
105.8%
-3.4%
-36.6%
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.