Globe Life (GL) Stock Forecast, Price Target & Predictions
GL Stock Forecast
Globe Life stock forecast is as follows: an average price target of $94.00 (represents a -9.44% downside from GL’s last price of $103.80) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.
GL Price Target
The average price target for Globe Life (GL) is $94.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $140.00 to $65.00. This represents a potential -9.44% downside from GL's last price of $103.80.
GL Analyst Ratings
According to 9 Wall Street analysts, Globe Life's rating consensus is 'Hold'. The analyst rating breakdown for GL stock is 0 'Strong Buy' (0.00%), 3 'Buy' (33.33%), 5 'Hold' (55.56%), 1 'Sell' (11.11%), 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 |
|---|---|---|---|---|---|---|
| Jul 26, 2024 | Mark Hughes | Truist Financial | $90.00 | $90.25 | -0.28% | -13.29% |
| Jul 26, 2024 | Catherine Seifert | CFRA | $92.00 | $90.30 | 1.88% | -11.37% |
| Jul 26, 2024 | John Barnidge | Piper Sandler | $106.00 | $90.48 | 17.15% | 2.12% |
| Jul 10, 2024 | Bob Huang | Morgan Stanley | $65.00 | $81.91 | -20.64% | -37.38% |
| Jul 10, 2024 | Suneet Kamath | Jefferies | $90.00 | $81.91 | 9.88% | -13.29% |
| Apr 24, 2024 | John Barnidge | Piper Sandler | $110.00 | $82.00 | 34.14% | 5.97% |
| Apr 12, 2024 | Catherine Seifert | CFRA | $55.00 | $59.09 | -6.92% | -47.01% |
| Apr 12, 2024 | Thomas Gallagher | Evercore ISI | $75.00 | $49.17 | 52.53% | -27.75% |
| Apr 11, 2024 | John Barnidge | Piper Sandler | $130.00 | $49.17 | 164.39% | 25.24% |
| Apr 11, 2024 | Catherine Seifert | CFRA | $118.00 | $104.93 | 12.46% | 13.68% |
The latest Globe Life stock forecast, released on Jul 26, 2024 by Mark Hughes from Truist Financial, set a price target of $90.00, which represents a -0.28% decrease from the stock price at the time of the forecast ($90.25), and a -13.29% decrease from GL last price ($103.80).
Globe Life Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 11 |
| Avg Price Target | - | $88.60 | $96.00 |
| Last Closing Price | $103.80 | $103.80 | $103.80 |
| Upside/Downside | -100.00% | -14.64% | -7.51% |
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 $103.80. 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 |
|---|---|---|---|---|
| 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 | Wells Fargo | Market Perform | Market Perform | Hold |
| May 21, 2024 | Truist Financial | Underperform | Underperform | Hold |
| Apr 24, 2024 | Keefe, Bruyette & Woods | Market Perform | Outperform | Upgrade |
| Apr 12, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
Globe Life's last stock rating was published by Morgan Stanley on Aug 19, 2024. The company gave GL a "Equal-Weight" 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 | Jul 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 | - | $1.31B | $1.30B | $1.29B | $1.27B | $1.27B | $1.23B | $1.20B |
| Avg Forecast | $1.70B | $1.69B | $1.66B | $1.64B | $1.62B | $1.61B | $1.59B | $1.57B | $1.55B | $1.53B | $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 | $1.32B | $1.31B | $1.26B | $1.26B | $1.24B | $1.20B | $1.20B |
| High Forecast | $1.71B | $1.69B | $1.67B | $1.64B | $1.62B | $1.61B | $1.59B | $1.57B | $1.55B | $1.54B | $1.52B | $1.50B | $1.48B | $1.47B | $1.45B | $1.43B | $1.41B | $1.39B | $1.37B | $1.37B | $1.34B | $1.33B | $1.33B | $1.59B | $1.57B | $1.52B | $1.52B | $1.48B | $1.44B | $1.43B |
| Low Forecast | $1.70B | $1.68B | $1.66B | $1.63B | $1.61B | $1.60B | $1.58B | $1.56B | $1.54B | $1.53B | $1.51B | $1.49B | $1.47B | $1.46B | $1.44B | $1.42B | $1.39B | $1.38B | $1.37B | $1.36B | $1.33B | $1.32B | $1.33B | $1.06B | $1.05B | $1.01B | $1.01B | $988.98M | $960.86M | $956.03M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 18 | 15 | 20 | 13 | 17 | 8 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 0.97% | 0.97% | 0.99% | 0.97% | - | 0.99% | 0.99% | 1.02% | 1.01% | 1.02% | 1.02% | 1.00% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 18 | 15 | 20 | 13 | 17 | 8 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $318.76M | $264.42M | $299.10M | $282.38M | $312.79M | - | $221.56M | $237.21M | $251.68M | $267.01M | $239.97M | $271.39M | $253.21M |
| Avg Forecast | $253.90M | $251.04M | $247.97M | $243.78M | $241.33M | $239.08M | $236.65M | $233.71M | $230.85M | $228.50M | $226.07M | $223.37M | $220.42M | $218.14M | $215.85M | $271.20M | $208.31M | $206.48M | $204.21M | $246.55M | $198.67M | $292.96M | $197.65M | $224.14M | $245.30M | $266.33M | $264.09M | $251.90M | $268.24M | $253.21M |
| High Forecast | $254.46M | $251.59M | $248.51M | $244.31M | $241.86M | $239.60M | $237.16M | $234.22M | $231.35M | $229.00M | $226.57M | $223.86M | $220.90M | $218.61M | $216.32M | $325.44M | $209.79M | $207.27M | $204.66M | $295.86M | $199.10M | $351.55M | $197.65M | $268.96M | $294.36M | $319.59M | $316.91M | $302.28M | $321.88M | $303.85M |
| Low Forecast | $252.88M | $250.03M | $246.97M | $242.80M | $240.36M | $238.12M | $235.70M | $232.77M | $229.92M | $227.59M | $225.16M | $222.47M | $219.54M | $217.26M | $214.98M | $216.96M | $206.82M | $206.01M | $203.39M | $197.24M | $197.87M | $234.37M | $197.65M | $179.31M | $196.24M | $213.06M | $211.28M | $201.52M | $214.59M | $202.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.54% | 1.29% | 1.21% | 1.42% | 1.07% | - | 0.99% | 0.97% | 0.95% | 1.01% | 0.95% | 1.01% | 1.00% |
4 analysts predict GL's average Quarter EBITDA for Dec 23 to be $208.31M, with a high of $209.79M and a low of $206.82M. This is -34.65% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 18 | 15 | 20 | 13 | 17 | 8 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $274.80M | $257.08M | $215.26M | $223.61M | $211.56M | $186.78M | - | $164.36M | $177.95M | $188.87M | $199.62M | $178.52M | $204.24M | $188.94M |
| Avg Forecast | $396.09M | $383.03M | $369.88M | $358.54M | $359.23M | $350.82M | $341.52M | $330.87M | $323.30M | $315.88M | $307.18M | $295.22M | $296.34M | $286.63M | $273.67M | $201.19M | $256.30M | $248.89M | $241.89M | $182.90M | $204.44M | $219.85M | $195.30M | $166.27M | $184.02M | $199.86M | $197.44M | $187.39M | $201.87M | $188.94M |
| High Forecast | $397.21M | $384.11M | $370.93M | $359.56M | $360.25M | $351.82M | $342.49M | $331.80M | $324.22M | $316.78M | $308.05M | $296.05M | $297.18M | $290.40M | $274.45M | $241.43M | $261.03M | $251.71M | $242.57M | $219.48M | $205.02M | $263.82M | $195.30M | $199.53M | $220.82M | $239.84M | $236.92M | $224.86M | $242.24M | $226.73M |
| Low Forecast | $394.02M | $381.02M | $367.95M | $356.67M | $357.35M | $348.99M | $339.74M | $329.14M | $321.61M | $314.23M | $305.57M | $293.67M | $294.80M | $283.80M | $272.24M | $160.95M | $254.96M | $246.06M | $240.62M | $146.32M | $203.38M | $175.88M | $195.30M | $133.02M | $147.22M | $159.89M | $157.95M | $149.91M | $161.49M | $151.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.03% | 0.89% | 1.22% | 1.03% | 0.85% | - | 0.99% | 0.97% | 0.95% | 1.01% | 0.95% | 1.01% | 1.00% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 18 | 15 | 20 | 13 | 17 | 8 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $81.59M | $87.08M | - | - | $81.60M | $75.89M | - | - | $74.06M | $71.99M | $72.39M |
| Avg Forecast | $106.40M | $105.20M | $103.91M | $102.15M | $101.13M | $100.18M | $99.16M | $97.93M | $96.74M | $95.75M | $94.73M | $93.60M | $92.37M | $91.41M | $90.45M | $88.93M | $87.29M | $86.52M | $85.57M | $85.16M | $83.25M | $82.82M | $82.82M | $66.48M | $78.48M | $63.49M | $63.49M | $77.74M | $71.15M | $72.39M |
| High Forecast | $106.63M | $105.43M | $104.14M | $102.38M | $101.35M | $100.40M | $99.38M | $98.15M | $96.95M | $95.96M | $94.94M | $93.80M | $92.57M | $91.61M | $90.65M | $89.13M | $87.91M | $86.86M | $85.76M | $85.35M | $83.43M | $83.00M | $82.82M | $79.78M | $94.17M | $76.19M | $76.19M | $93.29M | $85.38M | $86.86M |
| Low Forecast | $105.97M | $104.77M | $103.49M | $101.74M | $100.72M | $99.78M | $98.77M | $97.54M | $96.35M | $95.37M | $94.35M | $93.22M | $91.99M | $91.04M | $90.09M | $88.58M | $86.67M | $86.33M | $85.23M | $84.82M | $82.92M | $82.49M | $82.82M | $53.19M | $62.78M | $50.79M | $50.79M | $62.20M | $56.92M | $57.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 1.05% | - | - | 1.23% | 0.97% | - | - | 0.95% | 1.01% | 1.00% |
Globe Life's average Quarter SG&A projection for Jun 23 is $85.57M, based on 2 Wall Street analysts, with a range of $85.23M to $85.76M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 4 | 2 | 2 | 1 | 1 | 1 | 18 | 15 | 20 | 13 | 17 | 8 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.88 | $2.72 | $2.26 | $2.32 | $2.18 | $1.92 | - | $1.66 | $1.77 | $1.86 | $1.94 | $1.73 | $1.96 | $1.78 |
| Avg Forecast | $4.22 | $4.08 | $3.94 | $3.82 | $3.83 | $3.74 | $3.64 | $3.52 | $3.44 | $3.37 | $3.27 | $3.15 | $3.16 | $3.05 | $2.92 | $2.79 | $2.73 | $2.65 | $2.58 | $2.47 | $2.18 | $2.12 | $2.05 | $1.43 | $1.89 | $1.25 | $1.01 | $1.69 | $1.70 | $1.75 |
| High Forecast | $4.23 | $4.09 | $3.95 | $3.83 | $3.84 | $3.75 | $3.65 | $3.53 | $3.45 | $3.37 | $3.28 | $3.15 | $3.17 | $3.09 | $2.92 | $2.80 | $2.78 | $2.68 | $2.58 | $2.48 | $2.18 | $2.13 | $2.05 | $1.43 | $1.89 | $1.25 | $1.01 | $2.03 | $2.04 | $2.10 |
| Low Forecast | $4.20 | $4.06 | $3.92 | $3.80 | $3.81 | $3.72 | $3.62 | $3.51 | $3.43 | $3.35 | $3.26 | $3.13 | $3.14 | $3.02 | $2.90 | $2.77 | $2.72 | $2.62 | $2.56 | $2.46 | $2.17 | $2.11 | $2.05 | $1.42 | $1.88 | $1.24 | $1.00 | $1.35 | $1.36 | $1.40 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.03% | 0.88% | 0.94% | 1.00% | 0.90% | - | 1.16% | 0.94% | 1.49% | 1.92% | 1.02% | 1.15% | 1.02% |
According to 2 Wall Street analysts, Globe Life's projected average Quarter EPS for Mar 24 is $2.79, with a low estimate of $2.77 and a high estimate of $2.80. 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 | $29.45 | $53.73 | 82.44% | Hold |
| UNM | Unum Group | $55.02 | $64.60 | 17.41% | Buy |
| MET | MetLife | $76.19 | $86.69 | 13.78% | Buy |
| JXN | Jackson Financial | $83.60 | $92.67 | 10.85% | Hold |
| PRU | Prudential Financial | $116.26 | $115.30 | -0.83% | Buy |
| CNO | CNO Financial Group | $33.05 | $31.00 | -6.20% | Hold |
| GL | Globe Life | $103.80 | $94.00 | -9.44% | Hold |
| AEL | American Equity Investment Life | $56.47 | $47.40 | -16.06% | Buy |
GL Forecast FAQ
Is Globe Life a good buy?
No, according to 9 Wall Street analysts, Globe Life (GL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 33.33% of GL's total ratings.
What is GL's price target?
Globe Life (GL) average price target is $94 with a range of $65 to $140, implying a -9.44% from its last price of $103.8. The data is based on 9 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 -9.44% (from the last price of $103.8 to the average price target of $94), up by 34.87% based on the highest stock price target, and down by -37.38% based on the lowest stock price target.
Can Globe Life stock reach $200?
GL's average twelve months analyst stock price target of $94 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 $950.77M (high $952.84M, low $946.95M), average net income is $1.38B (high $1.39B, low $1.38B), average SG&A $398.41M (high $399.28M, low $396.81M), and average EPS is $14.73 (high $14.77, low $14.65). GL's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $6.69B (high $6.71B, low $6.66B), average EBITDA is $996.7M (high $998.87M, low $992.69M), average net income is $1.51B (high $1.51B, low $1.5B), average SG&A $417.66M (high $418.56M, low $415.98M), and average EPS is $16.06 (high $16.11, low $15.98).
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 $865.55M by -100.00%. The company's net income was $970.76M, beating the average estimation of $929.98M by 4.38%. 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 $208.31M by -100.00%. Globe Life's net income was $274.8M, beating the average estimation of $256.3M by 7.22%. 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%