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Grocery Outlet (GO) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

GO Stock Forecast

Grocery Outlet (GO) stock forecast, based on 14 Wall Street analysts, predicts a 12-month average price target of $17.75, with a high of $20.00 and a low of $16.00. This represents a 5.84% increase from the last price of $16.77.

$10 $14 $18 $22 $26 $30 High: $20 Avg: $17.75 Low: $16 Last Closed Price: $16.77

GO Stock Rating

Grocery Outlet stock's rating consensus is Hold, based on 14 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 4 Buy (28.57%), 9 Hold (64.29%), 1 Sell (7.14%), and 0 Strong Sell (0.00%).

Hold
Total 14 0 1 9 4 Strong Sell Sell Hold Buy Strong Buy

GO Forecast vs Benchmarks

TypeNameUpside
StockGrocery Outlet5.84%
SectorConsumer Defensive Stocks 12.48%
IndustryGrocery Stores Stocks 6.64%

Price Target Trends

1M3M12M
# Anlaysts-310
Avg Price Target-$16.67$18.60
Last Closing Price$16.77$16.77$16.77
Upside/Downside--0.60%10.91%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25-2111115
Dec, 24-2111115
Nov, 2414112119
Oct, 2415102119
Sep, 241572116
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Jeremy HamblinCraig-Hallum$17.00$14.7415.33%1.37%
Nov 06, 2024Katy HallbergD.A. Davidson$17.00$14.7415.33%1.37%
Oct 31, 2024Anthony ChukumbaLoop Capital Markets$16.00$13.9015.11%-4.59%
Oct 30, 2024Joseph FeldmanTelsey Advisory$19.00$13.6639.09%13.30%
Oct 30, 2024Robert OhmesBank of America Securities$17.00$13.7024.09%1.37%
Oct 17, 2024Anthony ChukumbaLoop Capital Markets$17.00$16.870.77%1.37%
Sep 23, 2024Karen ShortMelius Research$17.00$16.085.72%1.37%
Sep 04, 2024Kate McShaneGoldman Sachs$19.00$18.035.38%13.30%
Aug 07, 2024Joseph FeldmanTelsey Advisory$27.00$20.4232.22%61.00%
Aug 07, 2024William KirkRoth Capital$20.00$20.06-0.30%19.26%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Nov 06, 2024Craig-HallumHoldHoldhold
Nov 06, 2024Cowen & Co.OutperformHolddowngrade
Oct 31, 2024Loop Capital MarketsHoldHoldhold
Oct 30, 2024Telsey AdvisoryUnderperformMarket Performdowngrade
Oct 17, 2024Telsey AdvisoryUnderperformUnderperformhold
Oct 17, 2024BernsteinOutperforminitialise
Oct 17, 2024Loop Capital MarketsHoldinitialise
Sep 23, 2024Wells FargoHoldHoldhold
Sep 04, 2024Goldman SachsSellSellhold
Aug 07, 2024UBSNeutralNeutralhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$1.16$0.65$0.67$0.79-----
Avg Forecast$1.47$0.90$1.00$1.06$0.78$0.94$1.07$1.17$1.49
High Forecast$1.44$0.88$0.98$1.05$0.77$0.83$1.04$1.14$1.45
Low Forecast$1.50$0.92$1.03$1.09$0.79$1.07$1.11$1.21$1.54
Surprise %-21.09%-27.78%-33.00%-25.47%-----

Revenue Forecast

$3B $4B $4B $5B $6B $7B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$3.13B$3.08B$3.58B$3.97B-----
Avg Forecast$3.11B$3.08B$3.56B$3.96B$4.36B$4.73B$5.16B$5.67B$6.28B
High Forecast$3.08B$3.04B$3.50B$3.94B$4.32B$4.65B$5.05B$5.55B$6.15B
Low Forecast$3.17B$3.13B$3.62B$3.98B$4.59B$4.85B$5.30B$5.82B$6.45B
Surprise %0.69%0.07%0.58%0.28%-----

Net Income Forecast

$0 $40M $80M $120M $160M $200M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$106.71M$62.31M$65.05M$79.44M-----
Avg Forecast$100.33M$60.75M$50.77M$79.44M$78.65M$95.77M$108.19M$118.43M$150.24M
High Forecast$80.27M$48.60M$40.61M$63.55M$77.14M$83.49M$104.41M$114.79M$146.18M
Low Forecast$120.40M$72.90M$60.92M$95.32M$80.15M$108.04M$111.98M$122.08M$155.46M
Surprise %6.36%2.57%28.14%------

GO Forecast FAQ

Is Grocery Outlet stock a buy?

Grocery Outlet stock has a consensus rating of Hold, based on 14 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 4 Buy, 9 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Grocery Outlet is a neutral investment for most analysts.

What is Grocery Outlet's price target?

Grocery Outlet's price target, set by 14 Wall Street analysts, averages $17.75 over the next 12 months. The price target range spans from $16 at the low end to $20 at the high end, suggesting a potential 5.84% change from the previous close price of $16.77.

How does Grocery Outlet stock forecast compare to the average forecast of its sector, industry, and investment themes?

Grocery Outlet stock forecast shows a 5.84% upside, underperforming the average forecast for the consumer defensive stocks sector (12.48%) and underperforming the grocery stores stocks industry (6.64%).

What is the breakdown of analyst ratings for Grocery Outlet over the past three months?

  • January 2025: 0% Strong Buy, 13.33% Buy, 73.33% Hold, 6.67% Sell, 6.67% Strong Sell.
  • December 2024: 0% Strong Buy, 13.33% Buy, 73.33% Hold, 6.67% Sell, 6.67% Strong Sell.
  • November 2024: 5.26% Strong Buy, 21.05% Buy, 57.89% Hold, 10.53% Sell, 5.26% Strong Sell.

What is Grocery Outlet’s EPS forecast?

Grocery Outlet's average annual EPS forecast for its fiscal year ending in December is 0.78 for 2024, a -1.27% decrease from the reported $0.79 in 2023. The prediction for 2025 is $0.94, $1.07 for 2026, $1.17 for 2027, and $1.49 for 2028.

What is Grocery Outlet’s revenue forecast?

Grocery Outlet's average annual revenue forecast for its fiscal year ending in December is $4.36B for 2024, a 9.85% increase from the reported $3.97B in 2023. The forecast for 2025 is $4.73B, $5.16B for 2026, $5.67B for 2027, and $6.28B for 2028.

What is Grocery Outlet’s net income forecast?

For its fiscal year ending in December, Grocery Outlet's average annual net income forecast is $78.65M for 2024, reflecting a -1.00% decrease from the reported $79.44M in 2023. The projection for 2025 is $95.77M, $108.19M for 2026, $118.43M for 2027, and $150.24M for 2028.