Globe Life (GL) Stock Forecast, Price Target & Predictions

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GL Stock Forecast

Globe Life stock forecast is as follows: an average price target of $108.25 (represents a -2.02% downside from GL’s last price of $110.48) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.

GL Price Target

The average price target for Globe Life (GL) is $108.25 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $188.00 to $65.00. This represents a potential -2.02% downside from GL's last price of $110.48.

GL Analyst Ratings

Hold

According to 11 Wall Street analysts, Globe Life's rating consensus is 'Hold'. The analyst rating breakdown for GL stock is 1 'Strong Buy' (9.09%), 4 'Buy' (36.36%), 5 'Hold' (45.45%), 1 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).

Globe Life Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 15, 2024	Wilma Burdis	Raymond James	-	-	71.27%	70.17%
Sep 27, 2024	Thomas Gallagher	Evercore ISI	-	-	-9.00%	-14.01%
Jul 26, 2024	Mark Hughes	Truist Financial	-	-	-0.28%	-18.54%
Jul 26, 2024	Catherine Seifert	CFRA	-	-	1.88%	-16.73%
Jul 26, 2024	John Barnidge	Piper Sandler	-	-	17.15%	-4.06%
Jul 10, 2024	Bob Huang	Morgan Stanley	-	-	-20.64%	-41.17%
Jul 10, 2024	Suneet Kamath	Jefferies	-	-	9.88%	-18.54%
Apr 24, 2024	John Barnidge	Piper Sandler	-	-	34.14%	-0.43%
Apr 12, 2024	Catherine Seifert	CFRA	-	-	-6.92%	-50.22%
Apr 12, 2024	Thomas Gallagher	Evercore ISI	-	-	52.53%	-32.11%

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The latest Globe Life stock forecast, released on Oct 15, 2024 by Wilma Burdis from Raymond James, set a price target of $188.00, which represents a 71.27% increase from the stock price at the time of the forecast ($109.77), and a 70.17% increase from GL last price ($110.48).

Globe Life Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	13
Avg Price Target	-	$141.50	$103.00
Last Closing Price	$110.48	$110.48	$110.48
Upside/Downside	-100.00%	28.08%	-6.77%

In the current month, the average price target of Globe Life stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Globe Life's last price of $110.48. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 15, 2024	Raymond James	Strong Buy	Strong Buy	Hold
Oct 08, 2024	Cowen & Co.		Buy	Initialise
Oct 02, 2024	Piper Sandler	Overweight	Overweight	Hold
Aug 19, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jul 26, 2024	Piper Sandler	Overweight	Overweight	Hold
Jul 10, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jun 28, 2024	Jefferies	Hold	Hold	Hold
Jun 26, 2024	Wells Fargo	Market Perform	Market Perform	Hold
Jun 12, 2024	Piper Sandler	Overweight	Overweight	Hold
May 21, 2024	Truist Financial	Underperform	Underperform	Hold

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Globe Life's last stock rating was published by Raymond James on Oct 15, 2024. The company gave GL a "Strong Buy" rating, the same as its previous rate.

Globe Life Financial Forecast

Globe Life 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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.42B	$1.38B	$1.33B	$1.32B	$1.32B	$1.29B	$1.29B	$1.31B	$1.30B	$1.29B	$1.27B	$1.27B	$1.23B	$1.20B
Avg Forecast	$1.72B	$1.70B	$1.67B	$1.64B	$1.62B	$1.60B	$1.59B	$1.57B	$1.55B	$1.54B	$1.52B	$1.50B	$1.48B	$1.46B	$1.45B	$1.42B	$1.40B	$1.39B	$1.37B	$1.36B	$1.33B	$1.33B	$1.33B	$1.25B	$1.28B	$1.27B	$1.25B	$1.23B	$1.20B	$1.19B
High Forecast	$1.72B	$1.70B	$1.68B	$1.65B	$1.62B	$1.61B	$1.59B	$1.57B	$1.56B	$1.54B	$1.53B	$1.50B	$1.49B	$1.47B	$1.45B	$1.43B	$1.41B	$1.39B	$1.38B	$1.37B	$1.34B	$1.33B	$1.33B	$1.25B	$1.28B	$1.27B	$1.25B	$1.23B	$1.20B	$1.19B
Low Forecast	$1.71B	$1.69B	$1.67B	$1.64B	$1.61B	$1.60B	$1.58B	$1.56B	$1.55B	$1.53B	$1.52B	$1.49B	$1.47B	$1.46B	$1.45B	$1.42B	$1.39B	$1.38B	$1.37B	$1.36B	$1.33B	$1.33B	$1.33B	$1.25B	$1.28B	$1.27B	$1.25B	$1.23B	$1.20B	$1.19B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	4	2	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	5
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	1.00%	0.97%	0.97%	0.99%	0.97%	0.97%	1.05%	1.01%	1.02%	1.02%	1.03%	1.02%	1.01%

Globe Life's average Quarter revenue forecast for Mar 24 based on 2 analysts is $1.42B, with a low forecast of $1.42B, and a high forecast of $1.43B. GL's average Quarter revenue forecast represents a 0.65% increase compared to the company's last Quarter revenue of $1.42B (Dec 23).

Globe Life 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	1	1	1	1	1	1	1	1	1	2	4	2	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	5
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$318.76M	$264.42M	$299.10M	$282.38M	$312.79M	$238.82M	$221.56M	$237.21M	$251.68M	$267.01M	$239.97M	$271.39M	$253.21M
Avg Forecast	$68.17M	$67.37M	$66.46M	$65.25M	$64.32M	$63.74M	$63.06M	$62.24M	$61.76M	$61.03M	$60.41M	$59.51M	$58.62M	$58.19M	$57.59M	$271.20M	$55.57M	$55.09M	$54.48M	$246.55M	$269.83M	$197.65M	$197.65M	$224.14M	$191.11M	$188.44M	$185.90M	$251.90M	$178.70M	$176.83M
High Forecast	$68.39M	$67.59M	$66.68M	$65.47M	$64.53M	$63.95M	$63.27M	$62.45M	$61.96M	$61.23M	$60.61M	$59.70M	$59.02M	$58.31M	$57.60M	$325.44M	$55.97M	$55.30M	$54.66M	$295.86M	$323.79M	$197.65M	$197.65M	$268.96M	$191.11M	$188.44M	$185.90M	$302.28M	$178.70M	$176.83M
Low Forecast	$67.97M	$67.17M	$66.27M	$65.07M	$64.13M	$63.56M	$62.88M	$62.06M	$61.58M	$60.86M	$60.24M	$59.34M	$58.23M	$58.06M	$57.57M	$216.96M	$55.18M	$54.96M	$54.32M	$197.24M	$215.86M	$197.65M	$197.65M	$179.31M	$191.11M	$188.44M	$185.90M	$201.52M	$178.70M	$176.83M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.79%	4.85%	1.21%	1.05%	1.58%	1.21%	0.99%	1.24%	1.34%	1.44%	0.95%	1.52%	1.43%

4 analysts predict GL's average Quarter EBITDA for Dec 23 to be $55.57M, with a high of $55.97M and a low of $55.18M. This is -82.57% lower than Globe Life's previous annual EBITDA (Sep 23) of $318.76M.

Globe Life 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	1	1	1	1	1	1	1	1	1	2	4	2	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	5
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$274.80M	$257.08M	$215.26M	$223.61M	$211.56M	$186.78M	$177.00M	$164.36M	$177.95M	$188.87M	$199.62M	$178.52M	$204.24M	$188.94M
Avg Forecast	$374.93M	$361.07M	$350.60M	$340.84M	$341.13M	$337.37M	$329.01M	$313.15M	$311.24M	$305.17M	$297.93M	$284.13M	$274.57M	$269.26M	$256.83M	$201.19M	$240.52M	$233.56M	$227.00M	$182.90M	$202.42M	$199.18M	$192.73M	$166.27M	$165.38M	$177.05M	$170.73M	$187.39M	$160.70M	$165.53M
High Forecast	$376.52M	$362.61M	$352.09M	$342.29M	$342.58M	$338.81M	$330.41M	$314.48M	$312.57M	$306.47M	$299.20M	$290.33M	$279.00M	$269.42M	$257.16M	$241.43M	$244.96M	$236.22M	$227.96M	$219.48M	$242.91M	$199.18M	$192.73M	$199.53M	$171.46M	$177.05M	$170.73M	$224.86M	$160.70M	$165.53M
Low Forecast	$373.52M	$359.72M	$349.28M	$339.56M	$339.85M	$336.10M	$327.77M	$311.97M	$310.07M	$304.02M	$296.81M	$277.05M	$268.37M	$269.09M	$256.49M	$160.95M	$239.62M	$230.91M	$226.14M	$146.32M	$161.94M	$199.18M	$192.73M	$133.02M	$159.29M	$177.05M	$170.73M	$149.91M	$160.70M	$165.53M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.14%	1.10%	0.95%	1.22%	1.05%	0.94%	0.92%	0.99%	1.08%	1.07%	1.17%	0.95%	1.27%	1.14%

Globe Life's average Quarter net income forecast for Mar 24 is $201.19M, with a range of $160.95M to $241.43M. GL's average Quarter net income forecast represents a -26.79% decrease compared to the company's last Quarter net income of $274.80M (Dec 23).

Globe Life 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	1	1	1	1	1	1	1	1	1	2	4	2	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	5
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$81.59M	$87.08M	-	-	$81.60M	$75.89M	-	-	$74.06M	$71.99M	$72.39M
Avg Forecast	$107.07M	$105.81M	$104.39M	$102.49M	$101.03M	$100.12M	$99.05M	$97.76M	$97.00M	$95.86M	$94.89M	$93.47M	$92.08M	$91.39M	$90.45M	$88.93M	$87.29M	$86.52M	$85.57M	$85.16M	$86.32M	$82.82M	$82.82M	$77.92M	$80.08M	$78.96M	$77.90M	$77.74M	$74.88M	$74.10M
High Forecast	$107.42M	$106.16M	$104.74M	$102.83M	$101.36M	$100.45M	$99.37M	$98.08M	$97.32M	$96.18M	$95.20M	$93.77M	$92.70M	$91.58M	$90.48M	$88.94M	$87.91M	$86.86M	$85.85M	$85.44M	$103.59M	$82.82M	$82.82M	$77.92M	$80.08M	$78.96M	$77.90M	$93.29M	$74.88M	$74.10M
Low Forecast	$106.76M	$105.50M	$104.09M	$102.20M	$100.73M	$99.83M	$98.76M	$97.48M	$96.72M	$95.59M	$94.61M	$93.20M	$91.45M	$91.20M	$90.42M	$88.92M	$86.67M	$86.33M	$85.33M	$84.92M	$69.06M	$82.82M	$82.82M	$77.92M	$80.08M	$78.96M	$77.90M	$62.20M	$74.88M	$74.10M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.96%	1.01%	-	-	1.05%	0.95%	-	-	0.95%	0.96%	0.98%

Globe Life's average Quarter SG&A projection for Jun 23 is $85.57M, based on 2 Wall Street analysts, with a range of $85.33M to $85.85M. The forecast indicates a 4.89% rise compared to GL last annual SG&A of $81.59M (Mar 23).

Globe Life 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	1	1	1	1	1	1	1	1	1	2	4	2	2	2	4	4	2	2	1	1	1	1	2	2	2	2	2	5
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.88	$2.72	$2.26	$2.32	$2.18	$1.92	$1.80	$1.66	$1.77	$1.86	$1.94	$1.73	$1.96	$1.78
Avg Forecast	$4.26	$4.10	$3.98	$3.87	$3.87	$3.83	$3.73	$3.56	$3.53	$3.46	$3.38	$3.23	$3.12	$3.06	$2.92	$2.79	$2.73	$2.65	$2.58	$2.47	$2.18	$2.12	$2.05	$1.72	$1.76	$1.89	$1.82	$1.61	$1.71	$1.76
High Forecast	$4.27	$4.12	$4.00	$3.89	$3.89	$3.85	$3.75	$3.57	$3.55	$3.48	$3.40	$3.30	$3.17	$3.06	$2.92	$2.79	$2.78	$2.68	$2.59	$2.48	$2.19	$2.12	$2.05	$1.72	$1.83	$1.89	$1.82	$1.61	$1.71	$1.76
Low Forecast	$4.24	$4.08	$3.97	$3.85	$3.86	$3.82	$3.72	$3.54	$3.52	$3.45	$3.37	$3.15	$3.05	$3.05	$2.91	$2.78	$2.72	$2.62	$2.57	$2.46	$2.17	$2.12	$2.05	$1.72	$1.70	$1.89	$1.82	$1.61	$1.71	$1.76
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.03%	0.88%	0.94%	1.00%	0.90%	0.88%	0.96%	1.00%	0.99%	1.07%	1.07%	1.14%	1.01%

According to 2 Wall Street analysts, Globe Life's projected average Quarter EPS for Mar 24 is $2.79, with a low estimate of $2.78 and a high estimate of $2.79. This represents a -3.18% decrease compared to GL previous annual EPS of $2.88 (Dec 23).

Globe Life Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
LNC	Lincoln National	-	-	48.16%	Hold
MET	MetLife	-	-	1.00%	Buy
GL	Globe Life	-	-	-2.02%	Hold
JXN	Jackson Financial	-	-	-9.04%	Hold
PRU	Prudential Financial	-	-	-9.30%	Buy
UNM	Unum Group	-	-	-11.13%	Buy
AEL	American Equity Investment Life	-	-	-16.06%	Buy
CNO	CNO Financial Group	-	-	-22.33%	Hold

GL Forecast FAQ

Is Globe Life a good buy?

No, according to 11 Wall Street analysts, Globe Life (GL) is considered a 'Hold'. The rating consensus is based on 1 'Strong Buy' and 4 'Buy' recommendations, accounting for 45.45% of GL's total ratings.

What is GL's price target?

Globe Life (GL) average price target is $108.25 with a range of $65 to $188, implying a -2.02% from its last price of $110.48. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Globe Life stock go up soon?

According to Wall Street analysts' prediction for GL stock, the company can go down by -2.02% (from the last price of $110.48 to the average price target of $108.25), up by 70.17% based on the highest stock price target, and down by -41.17% based on the lowest stock price target.

Can Globe Life stock reach $200?

GL's average twelve months analyst stock price target of $108.25 does not support the claim that Globe Life can reach $200 in the near future.

What are Globe Life's analysts' financial forecasts?

Globe Life's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $6.38B (high $6.4B, low $6.36B), average EBITDA is $253.37M (high $254.19M, low $252.63M), average net income is $1.32B (high $1.33B, low $1.32B), average SG&A $397.96M (high $399.26M, low $396.81M), and average EPS is $14.99 (high $15.06, low $14.94). GL's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $6.73B (high $6.75B, low $6.71B), average EBITDA is $267.25M (high $268.13M, low $266.48M), average net income is $1.43B (high $1.43B, low $1.42B), average SG&A $419.77M (high $421.15M, low $418.56M), and average EPS is $16.2 (high $16.27, low $16.14).

Did the GL's actual financial results beat the analysts' financial forecasts?

Based on Globe Life's last annual report (Dec 2023), the company's revenue was $5.45B, which missed the average analysts forecast of $5.52B by -1.32%. Apple's EBITDA was $0, missing the average prediction of $411.69M by -100.00%. The company's net income was $970.76M, beating the average estimation of $883.99M by 9.82%. Apple's SG&A was $0, missing the average forecast of $344.55M by -100.00%. Lastly, the company's EPS was $10.07, missing the average prediction of $10.43 by -3.48%. In terms of the last quarterly report (Dec 2023), Globe Life's revenue was $1.42B, beating the average analysts' forecast of $1.4B by 1.23%. The company's EBITDA was $0, missing the average prediction of $55.57M by -100.00%. Globe Life's net income was $274.8M, beating the average estimation of $240.52M by 14.25%. The company's SG&A was $0, missing the average forecast of $87.29M by -100.00%. Lastly, the company's EPS was $2.88, beating the average prediction of $2.73 by 5.47%