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Golden Ocean Group (GOGL) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

GOGL Stock Forecast

Golden Ocean Group (GOGL) stock forecast, based on 5 Wall Street analysts, predicts a 12-month average price target of $16.75, with a high of $18.00 and a low of $15.50. This represents a 82.07% increase from the last price of $9.20.

$8 $10 $12 $14 $16 $18 High: $18 Avg: $16.75 Low: $15.5 Last Closed Price: $9.2

GOGL Stock Rating

Golden Ocean Group stock's rating consensus is Hold, based on 5 Wall Street analysts. The breakdown includes 1 Strong Buy (20.00%), 1 Buy (20.00%), 2 Hold (40.00%), 1 Sell (20.00%), and 0 Strong Sell (0.00%).

Hold
Total 5 0 1 2 1 1 Strong Sell Sell Hold Buy Strong Buy

GOGL Forecast vs Benchmarks

TypeNameUpside
StockGolden Ocean Group82.07%
SectorIndustrials Stocks 15.95%
IndustryMarine Shipping Stocks39.06%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$15.50
Last Closing Price$9.20$9.20$9.20
Upside/Downside--68.48%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25-32--5
Dec, 24-32--5
Nov, 244831-16
Oct, 244831-16
Sep, 244831-16
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 22, 2024Omar NoktaJefferies$15.50$14.0310.48%68.48%
Jul 21, 2022Jefferies$14.00$10.8928.56%52.17%
May 20, 2022Magnus FyhrH.C. Wainwright$18.00$15.5815.53%95.65%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jul 30, 2024Raymond JamesStrong BuyStrong Buyhold
May 22, 2024JefferiesBuyHolddowngrade
May 06, 2024DNB MarketsSelldowngrade
Oct 24, 2023JefferiesHoldBuyupgrade
Sep 26, 2022JefferiesBuyHolddowngrade
Jul 21, 2022JefferiesBuyinitialise
May 20, 2022H.C. WainwrightNeutralNeutralhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-0.96$2.74$2.40$0.56----
Avg Forecast$-0.12$2.56$1.95$0.52$1.14$1.16$1.73$1.08
High Forecast$-0.13$2.40$1.74$0.45$0.99$1.00$1.09$0.93
Low Forecast$-0.11$2.86$2.08$0.57$1.25$1.27$2.17$1.18
Surprise %700.00%7.03%23.08%7.69%----

Revenue Forecast

$350M $530M $710M $890M $1B $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$607.94M$1.20B$1.11B$885.77M----
Avg Forecast$413.42M$944.63M$811.34M$631.92M$778.22M$760.85M$848.66M$727.03M
High Forecast$392.84M$897.62M$745.82M$565.28M$696.15M$680.62M$848.47M$650.36M
Low Forecast$450.43M$1.03B$854.11M$677.40M$834.23M$815.62M$848.84M$779.36M
Surprise %47.05%27.37%37.24%40.17%----

Net Income Forecast

$-200M $-40M $120M $280M $440M $600M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-137.67M$527.22M$461.85M$112.27M----
Avg Forecast$-118.73M$514.07M$277.00M$112.27M$241.68M$216.29M$364.96M$216.74M
High Forecast$-162.94M$480.81M$206.75M$84.33M$197.62M$201.31M$218.04M$187.03M
Low Forecast$-74.53M$573.89M$347.24M$140.21M$250.45M$255.12M$434.13M$237.02M
Surprise %15.95%2.56%66.73%-----

GOGL Forecast FAQ

Is Golden Ocean Group stock a buy?

Golden Ocean Group stock has a consensus rating of Hold, based on 5 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 1 Buy, 2 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Golden Ocean Group is a neutral investment for most analysts.

What is Golden Ocean Group's price target?

Golden Ocean Group's price target, set by 5 Wall Street analysts, averages $16.75 over the next 12 months. The price target range spans from $15.5 at the low end to $18 at the high end, suggesting a potential 82.07% change from the previous close price of $9.2.

How does Golden Ocean Group stock forecast compare to the average forecast of its sector, industry, and investment themes?

Golden Ocean Group stock forecast shows a 82.07% upside, outperforming the average forecast for the industrials stocks sector (15.95%) and outperforming the marine shipping stocks industry (39.06%).

What is the breakdown of analyst ratings for Golden Ocean Group over the past three months?

  • January 2025: 0% Strong Buy, 60.00% Buy, 40.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 0% Strong Buy, 60.00% Buy, 40.00% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 25.00% Strong Buy, 50.00% Buy, 18.75% Hold, 6.25% Sell, 0% Strong Sell.

What is Golden Ocean Group’s EPS forecast?

Golden Ocean Group's average annual EPS forecast for its fiscal year ending in December is 1.14 for 2024, a 103.57% increase from the reported $0.56 in 2023. The prediction for 2025 is $1.16, $1.73 for 2026, and $1.08 for 2027.

What is Golden Ocean Group’s revenue forecast?

Golden Ocean Group's average annual revenue forecast for its fiscal year ending in December is $778.22M for 2024, a -12.14% decrease from the reported $885.77M in 2023. The forecast for 2025 is $760.85M, $848.66M for 2026, and $727.03M for 2027.

What is Golden Ocean Group’s net income forecast?

For its fiscal year ending in December, Golden Ocean Group's average annual net income forecast is $241.68M for 2024, reflecting an 115.27% increase from the reported $112.27M in 2023. The projection for 2025 is $216.29M, $364.96M for 2026, and $216.74M for 2027.