Danaos (DAC) Stock Forecast, Price Target & Predictions
DAC Stock Forecast
Danaos stock forecast is as follows: an average price target of $105.00 (represents a 33.18% upside from DAC’s last price of $78.84) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.
DAC Price Target
The average price target for Danaos (DAC) is $105.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $105.00. This represents a potential 33.18% upside from DAC's last price of $78.84.
DAC Analyst Ratings
According to 1 Wall Street analysts, Danaos's rating consensus is 'Buy'. The analyst rating breakdown for DAC stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Danaos Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 28, 2024 | Omar Nokta | Jefferies | $105.00 | $88.01 | 19.30% | 33.18% |
The latest Danaos stock forecast, released on May 28, 2024 by Omar Nokta from Jefferies, set a price target of $105.00, which represents a 19.30% increase from the stock price at the time of the forecast ($88.01), and a 33.18% increase from DAC last price ($78.84).
Danaos Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $105.00 |
| Last Closing Price | $78.84 | $78.84 | $78.84 |
| Upside/Downside | -100.00% | -100.00% | 33.18% |
In the current month, the average price target of Danaos stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Danaos's last price of $78.84. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 28, 2024 | Jefferies | Buy | Buy | Hold |
Danaos's last stock rating was published by Jefferies on May 28, 2024. The company gave DAC a "Buy" rating, the same as its previous rate.
Danaos Financial Forecast
Danaos Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $243.57M | $252.48M | $260.04M | $250.92M | $229.90M | $215.04M | $195.91M | $146.43M | $132.12M | $119.64M | $118.93M |
| Avg Forecast | $255.17M | $254.45M | $253.73M | $253.02M | $190.41M | $190.79M | $189.01M | $193.52M | $203.64M | $214.57M | $221.05M | $219.07M | $259.94M | $251.16M | $237.91M | $248.00M | $245.69M | $234.30M | $227.38M | $209.71M | $242.85M | $238.60M | $205.97M | $205.93M | $202.34M | $166.03M | $143.87M | $135.31M | $115.48M | $115.38M |
| High Forecast | $257.45M | $256.72M | $256.00M | $255.27M | $192.11M | $192.49M | $190.69M | $195.24M | $205.46M | $216.49M | $223.02M | $221.02M | $262.26M | $253.40M | $240.04M | $250.21M | $247.88M | $245.40M | $229.40M | $211.58M | $245.02M | $240.73M | $205.97M | $208.86M | $205.22M | $168.39M | $145.92M | $137.23M | $117.13M | $117.02M |
| Low Forecast | $252.91M | $252.19M | $251.48M | $250.77M | $188.72M | $189.09M | $187.33M | $191.80M | $201.83M | $212.67M | $219.08M | $217.13M | $257.63M | $248.93M | $235.80M | $245.80M | $243.50M | $223.19M | $225.36M | $207.85M | $240.69M | $236.48M | $205.97M | $202.99M | $199.45M | $163.65M | $141.81M | $133.38M | $113.83M | $113.73M |
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 2 | 1 | 1 | - | - | - | - | - | - | - | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.04% | 1.09% | 1.22% | 1.12% | 1.06% | 1.18% | 1.02% | 0.98% | 1.04% | 1.03% |
Danaos's average Quarter revenue forecast for Jun 23 based on 1 analysts is $227.38M, with a low forecast of $225.36M, and a high forecast of $229.40M. DAC's average Quarter revenue forecast represents a -6.65% decrease compared to the company's last Quarter revenue of $243.57M (Mar 23).
Danaos EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 2 | 1 | 1 | - | - | - | - | - | - | - | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $177.17M | $170.55M | $187.98M | $175.00M | $156.68M | $199.29M | $257.01M | $417.14M | $337.69M | $80.74M | $80.46M |
| Avg Forecast | $181.73M | $181.22M | $180.71M | $180.20M | $135.61M | $135.88M | $134.61M | $137.82M | $145.03M | $152.82M | $157.43M | $156.02M | $185.13M | $178.87M | $169.44M | $176.62M | $174.97M | $166.86M | $161.93M | $149.35M | $172.95M | $177.93M | $146.69M | $146.66M | $144.10M | $161.75M | $102.46M | $96.36M | $80.03M | $78.30M |
| High Forecast | $183.35M | $182.83M | $182.32M | $181.80M | $136.82M | $137.09M | $135.81M | $139.05M | $146.32M | $154.18M | $158.83M | $157.41M | $186.78M | $180.47M | $170.95M | $178.20M | $176.53M | $174.77M | $163.38M | $150.68M | $174.50M | $213.51M | $146.69M | $148.75M | $146.15M | $194.10M | $103.92M | $97.74M | $96.04M | $93.95M |
| Low Forecast | $180.12M | $179.61M | $179.10M | $178.60M | $134.40M | $134.67M | $133.41M | $136.60M | $143.74M | $151.46M | $156.03M | $154.63M | $183.48M | $177.28M | $167.93M | $175.05M | $173.42M | $158.95M | $160.50M | $148.03M | $171.42M | $142.34M | $146.69M | $144.57M | $142.04M | $129.40M | $101.00M | $94.99M | $64.03M | $62.64M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 0.99% | 1.06% | 1.19% | 1.07% | 1.38% | 1.59% | 4.07% | 3.50% | 1.01% | 1.03% |
1 analysts predict DAC's average Quarter EBITDA for Jun 23 to be $161.93M, with a high of $163.38M and a low of $160.50M. This is -8.60% lower than Danaos's previous annual EBITDA (Mar 23) of $177.17M.
Danaos Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 2 | 1 | 1 | - | - | - | - | - | - | - | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $146.20M | $152.72M | $66.80M | $8.22M | $331.46M | $154.30M | $217.23M | $372.84M | $296.78M | $43.18M | $42.79M |
| Avg Forecast | $93.02M | $99.37M | $93.29M | $97.94M | $107.24M | $111.22M | $111.14M | $115.07M | $125.31M | $135.55M | $136.65M | $134.13M | $144.45M | $138.65M | $134.98M | $290.45M | $151.96M | $143.67M | $135.18M | $264.05M | $139.92M | $145.12M | $111.18M | $240.04M | $163.51M | $131.93M | $363.69M | $303.94M | $42.80M | $41.64M |
| High Forecast | $94.09M | $100.52M | $94.37M | $99.08M | $108.48M | $112.51M | $112.43M | $116.41M | $126.76M | $137.13M | $138.23M | $135.69M | $146.12M | $140.26M | $136.55M | $348.54M | $153.72M | $148.53M | $136.74M | $316.86M | $141.55M | $174.15M | $111.18M | $288.05M | $196.21M | $158.31M | $436.43M | $364.73M | $51.36M | $49.96M |
| Low Forecast | $91.94M | $98.23M | $92.21M | $96.81M | $106.00M | $109.94M | $109.86M | $113.74M | $123.87M | $133.99M | $135.07M | $132.59M | $142.78M | $137.05M | $133.42M | $232.36M | $150.21M | $139.00M | $133.62M | $211.24M | $138.31M | $116.10M | $111.18M | $192.04M | $130.81M | $105.54M | $290.95M | $243.15M | $34.24M | $33.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.55% | 1.09% | 0.46% | 0.07% | 1.38% | 0.94% | 1.65% | 1.03% | 0.98% | 1.01% | 1.03% |
Danaos's average Quarter net income forecast for Jun 23 is $135.18M, with a range of $133.62M to $136.74M. DAC's average Quarter net income forecast represents a -7.54% decrease compared to the company's last Quarter net income of $146.20M (Mar 23).
Danaos SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 2 | 1 | 1 | - | - | - | - | - | - | - | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.84M | $5.88M | $10.24M | $10.34M | $10.11M | $18.58M | $7.34M | $7.13M | $10.89M | $6.44M | $6.05M |
| Avg Forecast | $16.19M | $16.14M | $16.09M | $16.05M | $12.08M | $12.10M | $11.99M | $12.27M | $12.92M | $13.61M | $14.02M | $13.90M | $16.49M | $15.93M | $15.09M | $6.48M | $15.58M | $14.86M | $14.42M | $5.89M | $15.40M | $4.90M | $13.06M | $5.35M | $18.31M | $4.46M | $6.96M | $11.16M | $6.38M | $5.89M |
| High Forecast | $16.33M | $16.28M | $16.24M | $16.19M | $12.19M | $12.21M | $12.10M | $12.38M | $13.03M | $13.73M | $14.15M | $14.02M | $16.64M | $16.07M | $15.23M | $7.77M | $15.72M | $15.57M | $14.55M | $7.07M | $15.54M | $5.89M | $13.06M | $6.42M | $21.97M | $5.35M | $8.35M | $13.39M | $7.66M | $7.06M |
| Low Forecast | $16.04M | $16.00M | $15.95M | $15.91M | $11.97M | $11.99M | $11.88M | $12.17M | $12.80M | $13.49M | $13.90M | $13.77M | $16.34M | $15.79M | $14.96M | $5.18M | $15.45M | $14.16M | $14.29M | $4.71M | $15.27M | $3.92M | $13.06M | $4.28M | $14.64M | $3.57M | $5.56M | $8.93M | $5.11M | $4.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 0.38% | 2.09% | 0.79% | 1.89% | 1.02% | 1.65% | 1.03% | 0.98% | 1.01% | 1.03% |
Danaos's average Quarter SG&A projection for Jun 23 is $14.42M, based on 1 Wall Street analysts, with a range of $14.29M to $14.55M. The forecast indicates a 110.70% rise compared to DAC last annual SG&A of $6.84M (Mar 23).
Danaos EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 1 | 2 | 1 | 1 | - | - | - | - | - | - | - | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.18 | $7.59 | $3.29 | $0.40 | $16.02 | $7.58 | $10.67 | $18.32 | $14.62 | $1.76 | $1.74 |
| Avg Forecast | $4.77 | $5.09 | $4.78 | $5.02 | $5.49 | $5.70 | $5.69 | $5.90 | $6.42 | $6.94 | $7.00 | $6.87 | $7.40 | $7.10 | $6.92 | $7.74 | $7.79 | $7.36 | $6.92 | $5.90 | $7.17 | $7.26 | $5.68 | $6.14 | $5.26 | $3.67 | $3.29 | $2.98 | $2.27 | $1.86 |
| High Forecast | $4.82 | $5.15 | $4.83 | $5.08 | $5.56 | $5.76 | $5.76 | $5.96 | $6.49 | $7.02 | $7.08 | $6.95 | $7.49 | $7.19 | $7.00 | $7.83 | $7.88 | $7.61 | $7.01 | $5.97 | $7.25 | $7.34 | $5.68 | $6.25 | $5.36 | $3.74 | $3.35 | $3.04 | $2.31 | $1.89 |
| Low Forecast | $4.71 | $5.03 | $4.72 | $4.96 | $5.43 | $5.63 | $5.63 | $5.83 | $6.35 | $6.86 | $6.92 | $6.79 | $7.31 | $7.02 | $6.84 | $7.65 | $7.70 | $7.12 | $6.85 | $5.83 | $7.09 | $7.17 | $5.68 | $6.03 | $5.17 | $3.60 | $3.23 | $2.93 | $2.23 | $1.83 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.22% | 1.06% | 0.45% | 0.07% | 2.61% | 1.44% | 2.91% | 5.57% | 4.90% | 0.77% | 0.94% |
According to 1 Wall Street analysts, Danaos's projected average Quarter EPS for Jun 23 is $6.92, with a low estimate of $6.85 and a high estimate of $7.01. This represents a -3.55% decrease compared to DAC previous annual EPS of $7.18 (Mar 23).
Danaos Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GOGL | Golden Ocean Group | $11.65 | $16.75 | 43.78% | Hold |
| DAC | Danaos | $78.84 | $105.00 | 33.18% | Buy |
| SBLK | Star Bulk Carriers | $20.80 | $27.33 | 31.39% | Buy |
| DSX | Diana Shipping | $2.35 | $3.00 | 27.66% | Hold |
| GSL | Global Ship Lease | $24.07 | $29.00 | 20.48% | Buy |
| GNK | Genco Shipping & Trading | $17.24 | $20.67 | 19.90% | Buy |
| CMRE | Costamare | $13.60 | $14.50 | 6.62% | Buy |
| CPLP | Capital Product Partners | $16.77 | $17.00 | 1.37% | - |
| ASC | Ardmore Shipping | $17.44 | $17.50 | 0.34% | Buy |
DAC Forecast FAQ
Is Danaos a good buy?
Yes, according to 1 Wall Street analysts, Danaos (DAC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of DAC's total ratings.
What is DAC's price target?
Danaos (DAC) average price target is $105 with a range of $105 to $105, implying a 33.18% from its last price of $78.84. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Danaos stock go up soon?
According to Wall Street analysts' prediction for DAC stock, the company can go up by 33.18% (from the last price of $78.84 to the average price target of $105), up by 33.18% based on the highest stock price target, and up by 33.18% based on the lowest stock price target.
Can Danaos stock reach $120?
DAC's average twelve months analyst stock price target of $105 does not support the claim that Danaos can reach $120 in the near future.
What are Danaos's analysts' financial forecasts?
Danaos's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $763.72M (high $770.53M, low $756.94M), average EBITDA is $543.91M (high $548.76M, low $539.08M), average net income is $444.67M (high $449.83M, low $439.54M), average SG&A $48.44M (high $48.87M, low $48.01M), and average EPS is $22.78 (high $23.04, low $22.52). DAC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.02B (high $1.03B, low $1.01B), average EBITDA is $723.85M (high $730.31M, low $717.43M), average net income is $383.62M (high $388.07M, low $379.19M), average SG&A $64.47M (high $65.04M, low $63.9M), and average EPS is $19.65 (high $19.88, low $19.43).
Did the DAC's actual financial results beat the analysts' financial forecasts?
Based on Danaos's last annual report (Dec 2022), the company's revenue was $993.34M, beating the average analysts forecast of $893.36M by 11.19%. Apple's EBITDA was $690.21M, beating the average prediction of $644.23M by 7.14%. The company's net income was $559.21M, missing the average estimation of $636.27M by -12.11%. Apple's SG&A was $36.58M, missing the average forecast of $38.73M by -5.56%. Lastly, the company's EPS was $27.3, beating the average prediction of $26.24 by 4.03%. In terms of the last quarterly report (Mar 2023), Danaos's revenue was $243.57M, beating the average analysts' forecast of $209.71M by 16.15%. The company's EBITDA was $177.17M, beating the average prediction of $149.35M by 18.63%. Danaos's net income was $146.2M, missing the average estimation of $264.05M by -44.63%. The company's SG&A was $6.84M, beating the average forecast of $5.89M by 16.26%. Lastly, the company's EPS was $7.18, beating the average prediction of $5.9 by 21.69%