Golden Ocean Group Limited (GOGL)

Stock Price Forecast

The 2 analysts that cover Golden Ocean Group stock have a consensus rating of "Hold" and an average price target of $10.25, which forecasts a 37.03% increase in the stock price over the next year. The lowest target is $8 and the highest is $12.5.

Price Target: $10.25 (+37.03%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$8.00	$10.25	$12.5	$12.5
Change	+6.95%	+37.03%	+67.11%	+67.11%

* Price targets were last updated on Apr 23, 2025.

Analyst Ratings

The average analyst rating for Golden Ocean Group stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	3	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Omar Nokta Jefferies	Jefferies	Hold Maintains $10 → $8	Hold	Maintains	$10 → $8	+6.95%	Apr 23, 2025
Omar Nokta Jefferies	Jefferies	Hold Maintains $10	Hold	Maintains	$10	+33.69%	Feb 26, 2025
Omar Nokta Jefferies	Jefferies	Hold Maintains $13 → $12	Hold	Maintains	$13 → $12	+60.43%	Nov 27, 2024
Eirik Haavaldsen Pareto Securities	Pareto Securities	Strong Buy → Hold Downgrades $13	Strong Buy → Hold	Downgrades	$13	+67.11%	Nov 21, 2024
Omar Nokta Jefferies	Jefferies	Hold Maintains $16 → $15	Hold	Maintains	$16 → $15	+93.85%	Aug 28, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

678.29M

Decreased by -29.96%

from 968.42M

Revenue Next Year

753.53M

Increased by 11.09%

from 678.29M

EPS This Year

0.53

Decreased by -52.95%

from 1.12

EPS Next Year

1.05

Increased by 99.35%

from 0.53

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	610.91M	1.20B	1.11B	885.77M	968.42M	678.29M	753.53M	749.70M
Revenue Growth	-13.30%	96.62%	-7.34%	-20.42%	9.33%	-29.96%	11.09%	-0.51%
EPS	-0.96	2.73	2.29	0.56	1.12	0.53	1.05	0.71
EPS Growth	-	-	-16.12%	-75.55%	99.39%	-52.95%	99.35%	-31.82%
Forward PE	-	-	-	-	-	14.24	7.14	10.48
No. Analysts	-	-	-	-	-	9	9	5

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

Revenue Forecast

Revenue	2025	2026	2027
High	803.3M	860.0M	795.9M
Avg	678.3M	753.5M	749.7M
Low	593.8M	641.9M	697.8M

Revenue Growth

Revenue Growth	2025	2026	2027
High	-17.1%	26.8%	5.6%
Avg	-30.0%	11.1%	-0.5%
Low	-38.7%	-5.4%	-7.4%

EPS Forecast

EPS	2025	2026	2027
High	0.56	1.16	0.74
Avg	0.53	1.05	0.71
Low	0.49	0.95	0.69

EPS Growth

EPS Growth	2025	2026	2027
High	-50.2%	119.9%	-29.8%
Avg	-53.0%	99.4%	-31.8%
Low	-56.1%	81.0%	-34.5%

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.