Local Bounti Corporation (LOCL)
NYSE: LOCL · IEX Real-Time Price · USD
2.910
-0.010 (-0.34%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Local Bounti Stock Forecast

LOCL's stock price has decreased by -50.19% in the past year and price targets may not have had time to catch up.

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Local Bounti stock have an average target of 29.5, with a low estimate of 1.00 and a high estimate of 39. The average target predicts an increase of 913.75% from the current stock price of 2.91.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $1.00 $29.5 $39 $39
Change -65.64% +913.75% +1240.2% +1240.2%
* Price targets were last updated on Oct 31, 2023.

Analyst Ratings

The average analyst rating for Local Bounti stock from 4 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333332
Buy 111111
Hold 222221
Sell 000000
Strong Sell 000000
Total 666664

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Deutsche Bank
Deutsche Bank
Hold
Downgrades
$6$1
Hold Downgrades $6$1 -65.64% Oct 31, 2023
Oppenheimer
Oppenheimer
Buy
Reiterates
$39
Buy Reiterates $39 +1,240.21% May 26, 2023
Roth MKM
Roth MKM
Strong Buy
Maintains
$78$39
Strong Buy Maintains $78$39 +1,240.21% Apr 3, 2023
Lake Street
Lake Street
Strong Buy
Maintains
$137$39
Strong Buy Maintains $137$39 +1,240.21% Mar 30, 2023
Oppenheimer
Oppenheimer
Buy
Maintains
$169$39
Buy Maintains $169$39 +1,240.21% Mar 30, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
30.09M
from 19.47M
Increased by 54.50%
Revenue Next Year
70.28M
from 30.09M
Increased by 133.58%
EPS This Year
-10.81
from -16.51
EPS Next Year
-7.81
from -10.81
Year 20192020202120222023202420252026
Revenue
-82.00K638.00K19.47M30.09M70.28M146.87M164.12M
Revenue Growth
--678.05%2,952.35%54.50%133.58%108.98%11.75%
EPS
-4.55-2.21-13.78-16.51-10.81-7.81-5.41-1.72
EPS Growth
--------
No. Analysts ----5553
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2023202420252026
High 32.2M 91.4M 162.8M 169.0M
Avg 30.1M 70.3M 146.9M 164.1M
Low 27.5M 53.9M 130.3M 157.7M

Revenue Growth

Revenue Growth 2023202420252026
High
65.5%
203.6%
131.6%
15.0%
Avg
54.5%
133.6%
109.0%
11.7%
Low
41.4%
79.1%
85.4%
7.4%

EPS Forecast

EPS 2023202420252026
High -11.13 -6.27 -5.52 -1.77
Avg -10.81 -7.81 -5.41 -1.72
Low -10.39 -9.16 -5.23 -1.66

EPS Growth

EPS Growth 2023202420252026
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.