Golden Ocean Group Limited (GOGL)
NASDAQ: GOGL · IEX Real-Time Price · USD
12.97
-0.19 (-1.44%)
At close: Jul 19, 2024, 4:00 PM
13.07
+0.10 (0.77%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
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 15.5, which predicts an increase of 19.51% from the current stock price of 12.97.
Analyst Consensus: Hold
* Price targets were last updated on May 22, 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $16 | Strong Buy → Hold | Downgrades | $16 | +19.51% | May 22, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +15.65% | Feb 28, 2024 |
| BTIG | BTIG | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jan 5, 2024 |
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $8 → $11 | Hold → Strong Buy | Upgrades | $8 → $11 | -15.19% | Oct 24, 2023 |
| Jefferies | Jefferies | Hold Maintains $8.5 → $8 | Hold | Maintains | $8.5 → $8 | -38.32% | Aug 29, 2023 |
Financial Forecast
Revenue This Year
964.44M
from 885.77M
Increased by 8.88%
Revenue Next Year
985.04M
from 964.44M
Increased by 2.14%
EPS This Year
1.74
from 0.56
Increased by 209.88%
EPS Next Year
1.89
from 1.74
Increased by 8.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.2B | 1.3B | 1.1B | 627.9M |
| Avg | 964.4M | 985.0M | 913.2M | 610.0M |
| Low | 809.6M | 797.7M | 738.9M | 586.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 30.8% | 33.1% | 11.5% | -31.2% |
| Avg | 8.9% | 2.1% | -7.3% | -33.2% |
| Low | -8.6% | -17.3% | -25.0% | -35.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.12 | 2.19 | 2.25 | 0.63 |
| Avg | 1.74 | 1.89 | 1.75 | 0.61 |
| Low | 1.40 | 1.50 | 1.19 | 0.59 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 278.7% | 26.5% | 18.8% | -64.0% |
| Avg | 209.9% | 9.0% | -7.5% | -65.0% |
| Low | 150.1% | -13.6% | -37.3% | -66.4% |
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.