Golden Ocean Group Limited (GOGL)
NASDAQ: GOGL · IEX Real-Time Price · USD
13.59
+0.21 (1.57%)
At close: Apr 24, 2024, 4:00 PM
13.64
+0.05 (0.37%)
Pre-market: Apr 25, 2024, 8:14 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, which predicts an increase of 10.38% from the current stock price of 13.59.
Analyst Consensus: Buy
* Price targets were last updated on Feb 28, 2024.
Analyst Ratings
The average analyst rating for GOGL stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 1 | 1 | 1 | 1 |
| 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 Reiterates $15 | Strong Buy | Reiterates | $15 | +10.38% | 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 | -19.06% | Oct 24, 2023 |
| Jefferies | Jefferies | Hold Maintains $8.5 → $8 | Hold | Maintains | $8.5 → $8 | -41.13% | Aug 29, 2023 |
| BTIG | BTIG | Strong Buy Maintains $14 → $10 | Strong Buy | Maintains | $14 → $10 | -26.42% | Jul 21, 2023 |
Financial Forecast
Revenue This Year
883.32M
from 885.77M
Decreased by -0.28%
Revenue Next Year
909.15M
from 883.32M
Increased by 2.92%
EPS This Year
1.70
from 0.56
Increased by 202.87%
EPS Next Year
1.83
from 1.70
Increased by 8.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.1B | 1.1B | 1.1B |
| Avg | 883.3M | 909.2M | 889.1M |
| Low | 638.6M | 695.9M | 706.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 28.3% | 29.9% | 26.3% |
| Avg | -0.3% | 2.9% | -2.2% |
| Low | -27.9% | -21.2% | -22.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.07 | 2.19 | 2.86 |
| Avg | 1.70 | 1.83 | 1.80 |
| Low | 1.36 | 1.26 | 1.25 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 269.4% | 29.4% | 55.9% |
| Avg | 202.9% | 8.0% | -1.9% |
| Low | 143.2% | -25.5% | -31.5% |
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.