PEDEVCO Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for PEDEVCO stock have an average target of 1.83, with a low estimate of 1.50 and a high estimate of 2.25. The average target predicts an increase of 147.30% from the current stock price of 0.74.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$1.50	$1.83	$1.75	$2.25
Change	+102.70%	+147.30%	+136.49%	+204.05%

* Price targets were last updated on Nov 20, 2024.

Analyst Ratings

The average analyst rating for PEDEVCO stock from 3 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	3	3	3	3	3	3
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jesse Sobelson D. Boral Capital	D. Boral Capital	Strong Buy Maintains $2.25 → $1.5	Strong Buy	Maintains	$2.25 → $1.5	+102.70%	Nov 20, 2024
James Molloy Alliance Global Partners	Alliance Global Partners	Strong Buy Initiates $1.75	Strong Buy	Initiates	$1.75	+136.49%	Jul 17, 2024
Tim Moore EF Hutton	EF Hutton	Strong Buy Maintains $2.25	Strong Buy	Maintains	$2.25	+204.05%	May 16, 2024
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Reiterates $2.5	Strong Buy	Reiterates	$2.5	+237.84%	Sep 14, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Maintains $2.75 → $2.5	Strong Buy	Maintains	$2.75 → $2.5	+237.84%	Aug 15, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

38.77M

from 30.78M

25.95%

from 30.78M

Revenue Next Year

47.11M

from 38.77M

21.52%

from 38.77M

EPS This Year

0.06

from 0.00

1,848.07%

from 0.00

EPS Next Year

0.08

from 0.06

35.04%

from 0.06

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	12.97M	8.06M	15.86M	30.03M	30.78M	38.77M	47.11M
Revenue Growth	186.80%	-37.87%	96.80%	89.37%	2.50%	25.95%	21.52%
EPS	-0.22	-0.45	-0.02	0.03	0.00	0.06	0.08
EPS Growth	-	-	-	-	-89.89%	1,848.07%	35.04%
Forward PE	-	-	-	-	-	12.52	9.27
No. Analysts	-	-	-	-	-	4	3

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

Revenue Forecast

Revenue	2024	2025
High	40.3M	56.6M
Avg	38.8M	47.1M
Low	37.6M	38.6M

Revenue Growth

Revenue Growth	2024	2025
High	31.0%	45.9%
Avg	25.9%	21.5%
Low	22.1%	-0.4%

EPS Forecast

EPS	2024	2025
High	0.06	0.09
Avg	0.06	0.08
Low	0.06	0.07

EPS Growth

EPS Growth	2024	2025
High	1,977.2%	56.4%
Avg	1,848.1%	35.0%
Low	1,741.7%	16.1%

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.