Golden Ocean Group Limited (GOGL)
NASDAQ: GOGL · Real-Time Price · USD
8.71
+0.09 (1.04%)
Dec 20, 2024, 4:00 PM EST - Market closed
Golden Ocean Group Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Golden Ocean Group stock have an average target of 12.25, with a low estimate of 12 and a high estimate of 12.5. The average target predicts an increase of 40.64% from the current stock price of 8.71.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for GOGL stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Maintains $13 → $12 | Hold | Maintains | $13 → $12 | +37.77% | Nov 27, 2024 |
| Pareto Securities | Pareto Securities | Strong Buy → Hold Downgrades $13 | Strong Buy → Hold | Downgrades | $13 | +43.51% | Nov 21, 2024 |
| Jefferies | Jefferies | Hold Maintains $16 → $15 | Hold | Maintains | $16 → $15 | +66.48% | Aug 28, 2024 |
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $16 | Strong Buy → Hold | Downgrades | $16 | +77.96% | May 22, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +72.22% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
832.58M
from 885.77M
Decreased by -6.00%
Revenue Next Year
840.09M
from 832.58M
Increased by 0.90%
EPS This Year
1.26
from 0.56
Increased by 124.95%
EPS Next Year
1.51
from 1.26
Increased by 19.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.0B | 1.1B | 1.1B |
| Avg | 832.6M | 840.1M | 910.4M |
| Low | 764.0M | 701.2M | 692.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 17.2% | 28.9% | 35.8% |
| Avg | -6.0% | 0.9% | 8.4% |
| Low | -13.7% | -15.8% | -17.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.59 | 1.79 | 2.55 |
| Avg | 1.26 | 1.51 | 1.85 |
| Low | 1.08 | 1.12 | 1.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 183.1% | 41.7% | 68.8% |
| Avg | 124.9% | 20.0% | 22.7% |
| Low | 92.5% | -11.3% | -32.6% |
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.