PEDEVCO Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for PEDEVCO stock has a target of 2.50, which predicts an increase of 157.76% from the current stock price of 0.97.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$2.50	$2.50	$2.50	$2.50
Change	+157.76%	+157.76%	+157.76%	+157.76%

* Price targets were last updated on Sep 14, 2023.

Analyst Ratings

According to 1 stock analyst, the rating for PEDEVCO is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	1	1	1	1	1	1
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	1	1	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Reiterates $2.5	Strong Buy	Reiterates	$2.5	+157.76%	Sep 14, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Maintains $2.75 → $2.5	Strong Buy	Maintains	$2.75 → $2.5	+157.76%	Aug 15, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Initiates $2.4	Strong Buy	Initiates	$2.4	+147.45%	Jul 5, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Initiates $2.4	Strong Buy	Initiates	$2.4	+147.45%	May 25, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Reiterates $2.4	Strong Buy	Reiterates	$2.4	+147.45%	May 16, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

35.00M

from 30.78M

13.68%

from 30.78M

Revenue Next Year

n/a

from 35.00M

EPS This Year

0.07

from -

EPS Next Year

n/a

from 0.07

Year	2019	2020	2021	2022	2023	2024
Revenue	12.97M	8.06M	15.86M	30.03M	30.78M	35.00M
Revenue Growth	186.80%	-37.87%	96.80%	89.37%	2.50%	13.68%
EPS	-0.22	-0.45	-0.02	0.03	-	0.07
EPS Growth	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	3

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

Revenue Forecast

Revenue	2024
High	36.4M
Avg	35.0M
Low	34.0M

Revenue Growth

Revenue Growth	2024
High	18.2%
Avg	13.7%
Low	10.3%

EPS Forecast

EPS	2024
High	0.07
Avg	0.07
Low	0.07

EPS Growth

EPS Growth	2024
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.