Heritage Global Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Heritage Global stock have an average target of 6.00, which predicts an increase of 146.91% from the current stock price of 2.43.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$6.00	$6.00	$6.00	$6.00
Change	+146.91%	+146.91%	+146.91%	+146.91%

* Price targets were last updated on Aug 11, 2023.

Analyst Ratings

The average analyst rating for HGBL stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Mar '24	Apr '24	May '24
Strong Buy	2	2	2
Buy	0	0	0
Hold	0	0	0
Sell	0	0	0
Strong Sell	0	0	0
Total	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Argento Lake Street	Lake Street	Strong Buy Maintains $5 → $6	Strong Buy	Maintains	$5 → $6	+146.91%	Aug 11, 2023
George Sutton Craig-Hallum	Craig-Hallum	Strong Buy Initiates $6	Strong Buy	Initiates	$6	+146.91%	May 30, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

63.79M

from 60.55M

5.35%

from 60.55M

Revenue Next Year

n/a

from 63.79M

EPS This Year

0.32

from 0.33

-2.12%

from 0.33

EPS Next Year

0.42

from 0.32

29.47%

from 0.32

Year	2019	2020	2021	2022	2023	2024	2025
Revenue	26.17M	26.18M	25.79M	46.91M	60.55M	63.79M	-
Revenue Growth	10.58%	0.06%	-1.49%	81.89%	29.06%	5.35%	-
EPS	0.13	0.30	0.08	0.42	0.33	0.32	0.42
EPS Growth	-	130.77%	-73.33%	425.00%	-21.43%	-2.12%	29.47%
No. Analysts	-	-	-	-	-	5	3

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

Revenue Forecast

Revenue	2024
High	66.7M
Avg	63.8M
Low	60.3M

Revenue Growth

Revenue Growth	2024
High	10.1%
Avg	5.4%
Low	-0.3%

EPS Forecast

EPS	2024	2025
High	0.38	0.43
Avg	0.32	0.42
Low	0.28	0.40

EPS Growth

EPS Growth	2024	2025
High	14.5%	33.3%
Avg	-2.1%	29.5%
Low	-13.9%	24.4%

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.