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
* 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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
Buy | 1 | 1 | 1 | 1 | 1 | 1 |
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 | 4 |
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 | -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 |
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
Revenue Forecast
Revenue | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|
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 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|
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 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|
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 | 2023 | 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.