Frontline (FRO) Stock Forecast, Price Target & Predictions
FRO Stock Forecast
Frontline stock forecast is as follows: an average price target of $28.67 (represents a 49.87% upside from FRO’s last price of $19.13) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
FRO Price Target
The average price target for Frontline (FRO) is $28.67 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $30.00 to $26.00. This represents a potential 49.87% upside from FRO's last price of $19.13.
FRO Analyst Ratings
According to 6 Wall Street analysts, Frontline's rating consensus is 'Buy'. The analyst rating breakdown for FRO stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Frontline Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 07, 2024 | Gregory Lewis | BTIG | $30.00 | $25.68 | 16.82% | 56.82% |
| Mar 21, 2024 | Omar Nokta | Jefferies | $30.00 | $23.44 | 27.99% | 56.82% |
| Jan 09, 2024 | Amit Mehrotra | Deutsche Bank | $26.00 | $21.68 | 19.95% | 35.91% |
| Jun 29, 2023 | Amit Mehrotra | Deutsche Bank | $17.00 | $13.92 | 22.13% | -11.13% |
The latest Frontline stock forecast, released on Oct 07, 2024 by Gregory Lewis from BTIG, set a price target of $30.00, which represents a 16.82% increase from the stock price at the time of the forecast ($25.68), and a 56.82% increase from FRO last price ($19.13).
Frontline Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 3 |
| Avg Price Target | $30.00 | $30.00 | $28.67 |
| Last Closing Price | $19.13 | $19.13 | $19.13 |
| Upside/Downside | 56.82% | 56.82% | 49.87% |
In the current month, the average price target of Frontline stock is $30.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 56.82% increase as opposed to Frontline's last price of $19.13. This month's average price target is down 0.00% compared to last quarter, and up 4.64% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | BTIG | - | Buy | Upgrade |
| Aug 30, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Aug 30, 2024 | Jefferies | Buy | Buy | Hold |
| May 30, 2024 | Jefferies | Buy | Buy | Hold |
| Mar 01, 2024 | J.P. Morgan | Buy | Buy | Hold |
| Oct 10, 2023 | Jefferies | Hold | Hold | Hold |
| Sep 06, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Sep 06, 2022 | Jefferies | Hold | Buy | Upgrade |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Upgrade |
| Feb 18, 2022 | Jefferies | Hold | Hold | Hold |
Frontline's last stock rating was published by BTIG on Oct 07, 2024. The company Upgrade its FRO rating from "null" to "Buy".
Frontline Financial Forecast
Frontline 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $497.33M | $530.14M | $382.19M | $300.44M | $217.44M | $213.55M | $171.82M | $170.02M | $193.99M | $174.87M | $247.41M |
| Avg Forecast | $1.25B | $1.18B | $1.12B | $1.05B | $416.90M | $416.90M | $412.37M | $407.83M | $451.15M | $334.73M | $343.52M | $414.00M | $416.94M | $310.22M | $383.88M | $380.73M | $280.36M | $252.35M | $356.21M | $371.37M | $223.30M | $167.35M | $105.40M | $117.30M | $74.49M | $89.04M | $102.53M | $105.78M | $181.19M | $326.05M |
| High Forecast | $1.25B | $1.18B | $1.12B | $1.05B | $416.90M | $416.90M | $412.37M | $407.83M | $451.15M | $334.73M | $343.52M | $414.00M | $416.94M | $399.96M | $386.36M | $380.73M | $288.81M | $253.26M | $356.21M | $371.37M | $223.30M | $167.35M | $105.40M | $117.30M | $74.49M | $89.04M | $102.53M | $105.78M | $181.19M | $326.05M |
| Low Forecast | $1.25B | $1.18B | $1.12B | $1.05B | $416.90M | $416.90M | $412.37M | $407.83M | $451.15M | $334.73M | $343.52M | $414.00M | $416.94M | $249.74M | $381.40M | $380.73M | $271.91M | $251.44M | $356.21M | $371.37M | $223.30M | $167.35M | $105.40M | $117.30M | $74.49M | $89.04M | $102.53M | $105.78M | $181.19M | $326.05M |
| # Analysts | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 1 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.34% | 2.37% | 2.28% | 2.85% | 1.85% | 2.87% | 1.93% | 1.66% | 1.83% | 0.97% | 0.76% |
Frontline's average Quarter revenue forecast for Jun 23 based on 4 analysts is $356.21M, with a low forecast of $356.21M, and a high forecast of $356.21M. FRO's average Quarter revenue forecast represents a -28.38% decrease compared to the company's last Quarter revenue of $497.33M (Mar 23).
Frontline 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 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 1 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $303.05M | $290.96M | $156.50M | $106.71M | $16.48M | $76.36M | $19.35M | $25.33M | $61.78M | $-5.65M | $106.90M |
| Avg Forecast | $530.24M | $500.29M | $472.03M | $445.37M | $176.17M | $176.17M | $174.25M | $172.34M | $190.64M | $141.44M | $145.16M | $174.94M | $176.18M | $131.09M | $162.21M | $89.56M | $118.47M | $106.63M | $150.52M | $95.78M | $205.23M | $70.72M | $44.54M | $87.08M | $31.48M | $37.63M | $43.33M | $44.70M | $76.57M | $137.78M |
| High Forecast | $530.24M | $500.29M | $472.03M | $445.37M | $176.17M | $176.17M | $174.25M | $172.34M | $190.64M | $141.44M | $145.16M | $174.94M | $176.18M | $169.01M | $163.26M | $107.47M | $122.04M | $107.02M | $150.52M | $114.94M | $246.28M | $70.72M | $44.54M | $104.49M | $31.48M | $37.63M | $43.33M | $44.70M | $76.57M | $137.78M |
| Low Forecast | $530.24M | $500.29M | $472.03M | $445.37M | $176.17M | $176.17M | $174.25M | $172.34M | $190.64M | $141.44M | $145.16M | $174.94M | $176.18M | $105.53M | $161.17M | $71.65M | $114.90M | $106.25M | $150.52M | $76.63M | $164.19M | $70.72M | $44.54M | $69.66M | $31.48M | $37.63M | $43.33M | $44.70M | $76.57M | $137.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.16% | 1.42% | 2.21% | 2.40% | 0.19% | 2.43% | 0.51% | 0.58% | 1.38% | -0.07% | 0.78% |
4 analysts predict FRO's average Quarter EBITDA for Jun 23 to be $150.52M, with a high of $150.52M and a low of $150.52M. This is -50.33% lower than Frontline's previous annual EBITDA (Mar 23) of $303.05M.
Frontline 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 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 1 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $199.63M | $240.03M | $154.44M | $47.10M | $31.15M | $19.78M | $-33.21M | $-26.63M | $28.89M | $-9.18M | $57.07M |
| Avg Forecast | $189.99M | $188.14M | $182.72M | $176.12M | $181.90M | $180.13M | $173.65M | $169.19M | $193.42M | $111.03M | $161.27M | $206.01M | $177.78M | $80.91M | $170.14M | $32.04M | $113.27M | $103.53M | $188.11M | $34.26M | $49.94M | $55.94M | $-2.14M | $31.15M | $-37.97M | $-23.13M | $-18.59M | $117.02M | $77.68M | $237.35M |
| High Forecast | $189.99M | $188.14M | $182.72M | $176.12M | $181.90M | $180.13M | $173.65M | $169.19M | $193.42M | $111.03M | $161.27M | $206.01M | $177.78M | $80.91M | $171.34M | $38.44M | $128.52M | $104.65M | $188.11M | $41.12M | $59.93M | $55.94M | $-2.14M | $37.38M | $-37.97M | $-23.13M | $-18.59M | $140.43M | $77.68M | $237.35M |
| Low Forecast | $189.99M | $188.14M | $182.72M | $176.12M | $181.90M | $180.13M | $173.65M | $169.19M | $193.42M | $111.03M | $161.27M | $206.01M | $177.78M | $80.91M | $168.94M | $25.63M | $98.02M | $102.41M | $188.11M | $27.41M | $39.95M | $55.94M | $-2.14M | $24.92M | $-37.97M | $-23.13M | $-18.59M | $93.62M | $77.68M | $237.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.83% | 4.81% | 2.76% | -22.05% | 1.00% | -0.52% | 1.44% | 1.43% | 0.25% | -0.12% | 0.24% |
Frontline's average Quarter net income forecast for Jun 23 is $188.11M, with a range of $188.11M to $188.11M. FRO's average Quarter net income forecast represents a -5.77% decrease compared to the company's last Quarter net income of $199.63M (Mar 23).
Frontline 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 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 1 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.64M | $18.39M | $13.67M | $9.10M | $7.14M | $7.11M | $6.45M | $7.95M | $6.38M | $15.65M | $14.28M |
| Avg Forecast | $49.29M | $46.51M | $43.88M | $41.40M | $16.38M | $16.38M | $16.20M | $16.02M | $17.72M | $13.15M | $13.49M | $16.26M | $16.38M | $12.19M | $15.08M | $7.35M | $11.01M | $9.91M | $13.99M | $7.86M | $17.94M | $6.57M | $4.14M | $7.14M | $2.93M | $3.50M | $4.03M | $25.86M | $7.12M | $12.81M |
| High Forecast | $49.29M | $46.51M | $43.88M | $41.40M | $16.38M | $16.38M | $16.20M | $16.02M | $17.72M | $13.15M | $13.49M | $16.26M | $16.38M | $15.71M | $15.18M | $8.81M | $11.34M | $9.95M | $13.99M | $9.43M | $21.53M | $6.57M | $4.14M | $8.57M | $2.93M | $3.50M | $4.03M | $31.03M | $7.12M | $12.81M |
| Low Forecast | $49.29M | $46.51M | $43.88M | $41.40M | $16.38M | $16.38M | $16.20M | $16.02M | $17.72M | $13.15M | $13.49M | $16.26M | $16.38M | $9.81M | $14.98M | $5.88M | $10.68M | $9.88M | $13.99M | $6.28M | $14.35M | $6.57M | $4.14M | $5.71M | $2.93M | $3.50M | $4.03M | $20.68M | $7.12M | $12.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.61% | 1.03% | 2.08% | 2.20% | 1.00% | 2.43% | 1.84% | 1.97% | 0.25% | 2.20% | 1.12% |
Frontline's average Quarter SG&A projection for Jun 23 is $13.99M, based on 4 Wall Street analysts, with a range of $13.99M to $13.99M. The forecast indicates a 10.72% rise compared to FRO last annual SG&A of $12.64M (Mar 23).
Frontline 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 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 1 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.90 | $1.08 | $0.69 | $0.23 | $0.15 | $0.10 | $-0.17 | $-0.13 | $0.15 | $-0.05 | $0.29 |
| Avg Forecast | $0.85 | $0.85 | $0.82 | $0.79 | $0.82 | $0.81 | $0.78 | $0.76 | $0.87 | $0.50 | $0.72 | $0.93 | $0.80 | $0.36 | $0.76 | $0.86 | $0.51 | $0.47 | $0.84 | $0.95 | $0.47 | $0.25 | $-0.01 | $0.02 | $-0.17 | $-0.10 | $-0.08 | $-0.02 | $0.35 | $1.07 |
| High Forecast | $0.85 | $0.85 | $0.82 | $0.79 | $0.82 | $0.81 | $0.78 | $0.76 | $0.87 | $0.50 | $0.72 | $0.93 | $0.80 | $0.36 | $0.77 | $0.87 | $0.58 | $0.47 | $0.84 | $0.95 | $0.47 | $0.25 | $-0.01 | $0.02 | $-0.17 | $-0.10 | $-0.08 | $-0.02 | $0.35 | $1.07 |
| Low Forecast | $0.85 | $0.85 | $0.82 | $0.79 | $0.82 | $0.81 | $0.78 | $0.76 | $0.87 | $0.50 | $0.72 | $0.93 | $0.80 | $0.36 | $0.76 | $0.85 | $0.44 | $0.46 | $0.84 | $0.95 | $0.47 | $0.25 | $-0.01 | $0.02 | $-0.17 | $-0.10 | $-0.08 | $-0.02 | $0.35 | $1.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 2.28% | 2.75% | -23.98% | 6.15% | -0.59% | 1.64% | 1.56% | -6.99% | -0.13% | 0.27% |
According to 4 Wall Street analysts, Frontline's projected average Quarter EPS for Jun 23 is $0.84, with a low estimate of $0.84 and a high estimate of $0.84. This represents a -6.12% decrease compared to FRO previous annual EPS of $0.90 (Mar 23).
Frontline Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DHT | DHT | $10.11 | $16.90 | 67.16% | Buy |
| TNK | Teekay Tankers | $46.58 | $76.00 | 63.16% | Buy |
| FRO | Frontline | $19.13 | $28.67 | 49.87% | Buy |
| INSW | International Seaways | $43.19 | $56.00 | 29.66% | Buy |
| EURN | Euronav NV | $16.74 | $21.00 | 25.45% | Hold |
| STNG | Scorpio Tankers | $57.92 | $69.83 | 20.56% | Buy |
| TNP | Tsakos Energy Navigation | $29.28 | $26.00 | -11.20% | Buy |
FRO Forecast FAQ
Is Frontline a good buy?
Yes, according to 6 Wall Street analysts, Frontline (FRO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 66.67% of FRO's total ratings.
What is FRO's price target?
Frontline (FRO) average price target is $28.67 with a range of $26 to $30, implying a 49.87% from its last price of $19.13. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Frontline stock go up soon?
According to Wall Street analysts' prediction for FRO stock, the company can go up by 49.87% (from the last price of $19.13 to the average price target of $28.67), up by 56.82% based on the highest stock price target, and up by 35.91% based on the lowest stock price target.
Can Frontline stock reach $30?
FRO's average twelve months analyst stock price target of $28.67 does not support the claim that Frontline can reach $30 in the near future.
What is Frontline's current price target trend?
1 Wall Street analyst forecast a $30 price target for Frontline (FRO) this month, up 56.82% from its last price of $19.13. Compared to the last 3 and 12 months, the average price target increased by 56.82% and increased by 49.87%, respectively.
What are Frontline's analysts' financial forecasts?
Frontline's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.65B (high $1.65B, low $1.65B), average EBITDA is $698.92M (high $698.92M, low $698.92M), average net income is $704.87M (high $704.87M, low $704.87M), average SG&A $64.97M (high $64.97M, low $64.97M), and average EPS is $3.17 (high $3.17, low $3.17). FRO's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $4.61B (high $4.61B, low $4.61B), average EBITDA is $1.95B (high $1.95B, low $1.95B), average net income is $736.97M (high $736.97M, low $736.97M), average SG&A $181.08M (high $181.08M, low $181.08M), and average EPS is $3.31 (high $3.31, low $3.31).
Did the FRO's actual financial results beat the analysts' financial forecasts?
Based on Frontline's last annual report (Dec 2022), the company's revenue was $1.43B, beating the average analysts forecast of $613.35M by 133.18%. Apple's EBITDA was $616.05M, beating the average prediction of $407.56M by 51.16%. The company's net income was $472.72M, beating the average estimation of $134.89M by 250.44%. Apple's SG&A was $48.3M, beating the average forecast of $35.8M by 34.93%. Lastly, the company's EPS was $2.38, beating the average prediction of $0.739 by 222.03%. In terms of the last quarterly report (Mar 2023), Frontline's revenue was $497.33M, beating the average analysts' forecast of $371.37M by 33.92%. The company's EBITDA was $303.05M, beating the average prediction of $95.78M by 216.39%. Frontline's net income was $199.63M, beating the average estimation of $34.26M by 482.63%. The company's SG&A was $12.64M, beating the average forecast of $7.86M by 60.87%. Lastly, the company's EPS was $0.9, missing the average prediction of $0.949 by -5.14%