Local Bounti Corporation (LOCL)
NYSE: LOCL · IEX Real-Time Price · USD
2.950
-0.010 (-0.34%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Local Bounti Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Local Bounti stock has a target of 1.00, which predicts a decrease of -66.10% from the current stock price of 2.95.
Analyst Consensus: Hold
* Price targets were last updated on Oct 31, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for Local Bounti is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $6 → $1 | Strong Buy → Hold | Downgrades | $6 → $1 | -66.10% | Oct 31, 2023 |
| Oppenheimer | Oppenheimer | Buy Reiterates $39 | Buy | Reiterates | $39 | +1,222.03% | May 26, 2023 |
| Roth MKM | Roth MKM | Strong Buy Maintains $78 → $39 | Strong Buy | Maintains | $78 → $39 | +1,222.03% | Apr 3, 2023 |
| Lake Street | Lake Street | Strong Buy Maintains $137 → $39 | Strong Buy | Maintains | $137 → $39 | +1,222.03% | Mar 30, 2023 |
| Oppenheimer | Oppenheimer | Buy Maintains $169 → $39 | Buy | Maintains | $169 → $39 | +1,222.03% | Mar 30, 2023 |
Financial Forecast
Revenue This Year
57.01M
from 27.56M
Increased by 106.88%
Revenue Next Year
97.61M
from 57.01M
Increased by 71.23%
EPS This Year
-9.46
from -15.61
EPS Next Year
-5.00
from -9.46
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 59.2M | 109.7M | 164.2M |
| Avg | 57.0M | 97.6M | 159.5M |
| Low | 54.3M | 85.2M | 153.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 114.8% | 92.5% | 68.2% |
| Avg | 106.9% | 71.2% | 63.4% |
| Low | 97.0% | 49.4% | 57.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -6.78 | -4.46 | -1.94 |
| Avg | -9.46 | -5.00 | -1.89 |
| Low | -11.84 | -5.45 | -1.81 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
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.