PEDEVCO Corp. (PED)

Stock Price Forecast

According to 1 stock analyst, the 12-month stock price forecast for PEDEVCO stock is $2.50, which predicts an increase of 202.44%. On average, analysts rate PEDEVCO stock as a strong buy.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$2.50	$2.50	$2.50	$2.50
Change	+202.44%	+202.44%	+202.44%	+202.44%

* 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	Jun '23	Jul '23	Aug '23	Sep '23	Oct '23	Nov '23
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 $3	Strong Buy	Reiterates	$3	+202.44%	Sep 14, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Maintains $3 → $3	Strong Buy	Maintains	$3 → $3	+202.44%	Aug 15, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Initiates $2	Strong Buy	Initiates	$2	+190.35%	Jul 5, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Initiates $2	Strong Buy	Initiates	$2	+190.35%	May 25, 2023
Ignacio Bernaldez EF Hutton	EF Hutton	Strong Buy Reiterates $2	Strong Buy	Reiterates	$2	+190.35%	May 16, 2023

Full Analyst Rating History

Financial Forecast

Revenue This Year

37.19M

Increased by 23.83%

from 30.03M

Revenue Next Year

37.64M

Increased by 1.22%

from 37.19M

EPS This Year

0.11

Increased by 270.33%

from 0.03

EPS Next Year

0.08

Decreased by -27.27%

from 0.11

Year	2018	2019	2020	2021	2022	2023	2024
Revenue	4.52M	12.97M	8.06M	15.86M	30.03M	37.19M	37.64M
Revenue Growth	50.02%	186.80%	-37.87%	96.80%	89.37%	23.83%	1.22%
EPS	4.74	-0.22	-0.45	-0.02	0.03	0.11	0.08
EPS Growth	-	-	-	-	-	270.33%	-27.27%
No. Analysts	-	-	-	-	-	3	3

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

Revenue Forecast

Revenue	2023	2024
High	39.3M	41.8M
Avg	37.2M	37.6M
Low	35.5M	34.0M

Revenue Growth

Revenue Growth	2023	2024
High	31.0%	12.4%
Avg	23.8%	1.2%
Low	18.0%	-8.5%

EPS Forecast

EPS	2023	2024
High	0.13	0.11
Avg	0.11	0.08
Low	0.10	0.06

EPS Growth

EPS Growth	2023	2024
High	320.0%	-5.5%
Avg	270.3%	-27.3%
Low	226.7%	-47.1%

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.