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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 $103.71 (represents a -6.31% downside from GL’s last price of $110.69) 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 $103.71 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 -6.31% downside from GL's last price of $110.69.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 15, 2024Wilma BurdisRaymond James$188.00$109.7771.27%69.84%
Sep 27, 2024Thomas GallagherEvercore ISI$95.00$104.40-9.00%-14.17%
Jul 26, 2024Mark HughesTruist Financial$90.00$90.25-0.28%-18.69%
Jul 26, 2024Catherine SeifertCFRA$92.00$90.301.88%-16.88%
Jul 26, 2024John BarnidgePiper Sandler$106.00$90.4817.15%-4.24%
Jul 10, 2024Bob HuangMorgan Stanley$65.00$81.91-20.64%-41.28%
Jul 10, 2024Suneet KamathJefferies$90.00$81.919.88%-18.69%
Apr 24, 2024John BarnidgePiper Sandler$110.00$82.0034.14%-0.62%
Apr 12, 2024Catherine SeifertCFRA$55.00$59.09-6.92%-50.31%
Apr 12, 2024Thomas GallagherEvercore ISI$75.00$49.1752.53%-32.24%
Apr 11, 2024John BarnidgePiper Sandler$86.71$32.80164.36%-21.66%
Apr 11, 2024Catherine SeifertCFRA$78.71$69.9912.46%-28.89%
Mar 14, 2024Thomas GallagherEvercore ISI$125.00$115.997.77%12.93%
Jan 10, 2023Morgan Stanley$132.00$121.218.90%19.25%
Dec 19, 2022Credit Suisse$140.00$116.5020.17%26.48%
Nov 17, 2022Morgan Stanley$115.00$111.603.05%3.89%
Aug 17, 2022Morgan Stanley$110.00$103.026.78%-0.62%
Jul 28, 2022Morgan Stanley$109.00$97.3112.01%-1.53%

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 69.84% increase from GL last price ($110.69).

Globe Life Price Target by Period

1M3M12M
# Anlaysts-213
Avg Price Target-$141.50$96.65
Last Closing Price$110.69$110.69$110.69
Upside/Downside-100.00%27.83%-12.68%

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 $110.69. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 15, 2024Raymond JamesStrong BuyStrong BuyHold
Oct 08, 2024Cowen & Co.BuyInitialise
Oct 02, 2024Piper SandlerOverweightOverweightHold
Aug 19, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 26, 2024Piper SandlerOverweightOverweightHold
Jul 10, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 28, 2024JefferiesHoldHoldHold
Jun 26, 2024Wells FargoMarket PerformMarket PerformHold
Jun 12, 2024Piper SandlerOverweightOverweightHold
May 21, 2024Truist FinancialUnderperformUnderperformHold
May 21, 2024Wells FargoMarket PerformMarket PerformHold
Apr 24, 2024Keefe, Bruyette & WoodsMarket PerformOutperformUpgrade
Apr 12, 2024Keefe, Bruyette & WoodsMarket PerformMarket PerformHold
Apr 12, 2024Evercore ISINegativeNegativeHold
Apr 11, 2024Piper SandlerOverweightOverweightHold
Apr 11, 2024CFRAHoldHoldHold
Oct 31, 2023Wells FargoEqual-WeightOverweightUpgrade
May 15, 2023Wells FargoEqual-WeightEqual-WeightHold
Jan 10, 2023Morgan StanleyUnderweightUnderweightHold
Dec 19, 2022Credit SuisseOutperformOutperformHold
Nov 17, 2022Morgan StanleyUnderweightUnderweightHold
Jul 28, 2022Morgan StanleyUnderweightUnderweightHold
Jun 15, 2022Evercore ISIBelow AverageUpgrade
Apr 25, 2022Zacks Investment ResearchHoldUpgrade
Feb 22, 2022Morgan StanleyUnderweightUnderweightHold

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$1.52B$1.50B$1.49B$1.47B$1.45B$1.43B$1.41B$1.39B$1.37B$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$1.62B$1.60B$1.58B$1.56B$1.55B$1.53B$1.52B$1.50B$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
# Analysts111111111112422244221111222225
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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422244221111222225
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$68.31M$67.51M$66.61M$65.39M$64.46M$63.88M$63.19M$62.37M$61.89M$61.16M$60.54M$59.63M$59.02M$58.31M$57.60M$325.44M$55.97M$55.30M$54.60M$295.86M$323.79M$197.65M$197.65M$268.96M$191.11M$188.44M$185.90M$302.28M$178.70M$176.83M
Low Forecast$68.06M$67.26M$66.36M$65.15M$64.22M$63.64M$62.96M$62.14M$61.66M$60.94M$60.31M$59.41M$58.23M$58.06M$57.57M$216.96M$55.18M$54.96M$54.39M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422244221111222225
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$341.19M$337.25M$328.97M$313.15M$311.24M$305.16M$297.94M$284.10M$274.60M$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$375.97M$362.07M$351.56M$341.78M$342.13M$338.18M$329.88M$314.02M$312.10M$306.00M$298.76M$290.29M$279.03M$269.42M$257.16M$241.43M$244.96M$236.22M$227.62M$219.48M$242.91M$199.18M$192.73M$199.53M$171.46M$177.05M$170.73M$224.86M$160.70M$165.53M
Low Forecast$374.15M$360.31M$349.86M$340.13M$340.47M$336.55M$328.28M$312.50M$310.59M$304.52M$297.31M$277.02M$268.40M$269.09M$256.49M$160.95M$240.02M$230.91M$226.52M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422244221111222225
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$107.30M$106.04M$104.62M$102.71M$101.24M$100.33M$99.26M$97.97M$97.21M$96.07M$95.09M$93.67M$92.70M$91.58M$90.48M$88.94M$87.91M$86.86M$85.75M$85.35M$103.59M$82.82M$82.82M$77.92M$80.08M$78.96M$77.90M$93.29M$74.88M$74.10M
Low Forecast$106.90M$105.64M$104.23M$102.33M$100.86M$99.96M$98.89M$97.61M$96.84M$95.71M$94.73M$93.32M$91.45M$91.20M$90.42M$88.92M$86.67M$86.33M$85.43M$85.03M$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 $85.43M to $85.75M. The forecast indicates a 4.89% rise compared to GL last annual SG&A of $81.59M (Mar 23).

Globe Life EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112422244221111222225
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$4.11$3.99$3.88$3.88$3.84$3.74$3.56$3.54$3.47$3.39$3.30$3.17$3.06$2.92$2.79$2.78$2.68$2.58$2.48$2.18$2.12$2.05$1.72$1.83$1.89$1.82$1.61$1.71$1.76
Low Forecast$4.25$4.09$3.97$3.86$3.87$3.82$3.73$3.55$3.53$3.46$3.38$3.14$3.05$3.05$2.91$2.78$2.72$2.62$2.57$2.47$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
METMetLife$82.25$90.5010.03%Buy
JXNJackson Financial$89.50$92.673.54%Hold
PRUPrudential Financial$119.18$119.670.41%Buy
LNCLincoln National$31.74$30.00-5.48%Hold
GLGlobe Life Inc. 4.25% Junior Su$110.69$103.71-6.31%Hold
UNMUnum Group 6.250% JR NT58$73.34$67.40-8.10%Buy
CNOCNO Financial Group, Inc. 5.125$37.13$33.00-11.12%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 $103.71 with a range of $65 to $188, implying a -6.31% from its last price of $110.69. 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 -6.31% (from the last price of $110.69 to the average price target of $103.71), up by 69.84% based on the highest stock price target, and down by -41.28% based on the lowest stock price target.

Can Globe Life stock reach $200?

GL's average twelve months analyst stock price target of $103.71 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 $6.39B, low $6.37B), average EBITDA is $253.37M (high $253.9M, low $252.96M), average net income is $1.32B (high $1.32B, low $1.32B), average SG&A $397.96M (high $398.8M, low $397.31M), and average EPS is $14.99 (high $15.03, low $14.96). GL's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $6.73B (high $6.74B, low $6.71B), average EBITDA is $267.25M (high $267.82M, low $266.82M), average net income is $1.43B (high $1.43B, low $1.42B), average SG&A $419.77M (high $420.66M, low $419.09M), and average EPS is $16.2 (high $16.25, low $16.17).

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%