Grove Collaborative (GROV) Stock Forecast, Price Target & Predictions
GROV Stock Forecast
Grove Collaborative stock forecast is as follows: an average price target of $150.00 (represents a 10538.30% upside from GROV’s last price of $1.41) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
GROV Price Target
The average price target for Grove Collaborative (GROV) is $150.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $250.00 to $50.00. This represents a potential 10538.30% upside from GROV's last price of $1.41.
GROV Analyst Ratings
According to 2 Wall Street analysts, Grove Collaborative's rating consensus is 'Buy'. The analyst rating breakdown for GROV stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Grove Collaborative Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 17, 2022 | - | Canaccord Genuity | $50.00 | $28.25 | 76.99% | 3446.10% |
| Jul 11, 2022 | Dana Telsey | Telsey Advisory | $250.00 | $159.88 | 56.37% | 17630.50% |
The latest Grove Collaborative stock forecast, released on Nov 17, 2022 by Canaccord Genuity company, set a price target of $50.00, which represents a 76.99% increase from the stock price at the time of the forecast ($28.25), and a 3446.10% increase from GROV last price ($1.41).
Grove Collaborative Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $1.41 | $1.41 | $1.41 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Grove Collaborative stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Grove Collaborative's last price of $1.41. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 17, 2022 | Canaccord Genuity | - | Buy | Initialise |
| Jul 11, 2022 | Telsey Advisory | Outperform | Outperform | Hold |
| Jun 27, 2022 | Telsey Advisory | - | Outperform | Initialise |
Grove Collaborative's last stock rating was published by Canaccord Genuity on Nov 17, 2022. The company Initialise its GROV rating from "null" to "Buy".
Grove Collaborative Financial Forecast
Grove Collaborative Revenue Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | $59.86M | $61.75M | $66.11M | $71.56M | $74.04M | $77.73M | $79.28M |
| Avg Forecast | $54.48M | $50.86M | $53.01M | $53.65M | $61.47M | $65.59M | $63.44M | $69.35M | $69.50M | $69.70M | $73.10M |
| High Forecast | $55.07M | $51.41M | $53.58M | $54.23M | $62.51M | $66.30M | $64.12M | $70.10M | $70.25M | $70.45M | $73.89M |
| Low Forecast | $53.89M | $50.31M | $52.43M | $53.07M | $60.44M | $64.88M | $62.75M | $68.60M | $68.75M | $68.95M | $72.31M |
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| Surprise % | - | - | - | - | 0.97% | 0.94% | 1.04% | 1.03% | 1.07% | 1.12% | 1.08% |
Grove Collaborative's average Quarter revenue forecast for Mar 24 based on 1 analysts is $53.65M, with a low forecast of $53.07M, and a high forecast of $54.23M. GROV's average Quarter revenue forecast represents a -10.37% decrease compared to the company's last Quarter revenue of $59.86M (Dec 23).
Grove Collaborative EBITDA Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| EBITDA | - | - | - | - | $-3.22M | $-43.00K | $-7.19M | $-7.81M | $-27.37M | $-19.95M | $-51.55M |
| Avg Forecast | $-18.57M | $-17.33M | $-18.06M | $-18.28M | $-20.95M | $-22.35M | $-21.62M | $-23.63M | $-23.68M | $-23.75M | $-24.91M |
| High Forecast | $-18.37M | $-17.15M | $-17.87M | $-18.08M | $-20.60M | $-22.11M | $-21.38M | $-23.38M | $-23.43M | $-23.50M | $-24.64M |
| Low Forecast | $-18.77M | $-17.52M | $-18.26M | $-18.48M | $-21.30M | $-22.59M | $-21.85M | $-23.89M | $-23.94M | $-24.01M | $-25.18M |
| Surprise % | - | - | - | - | 0.15% | 0.00% | 0.33% | 0.33% | 1.16% | 0.84% | 2.07% |
undefined analysts predict GROV's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Grove Collaborative's previous annual EBITDA (undefined) of $NaN.
Grove Collaborative Net Income Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| Net Income | - | - | - | - | $-9.48M | $-9.81M | $-10.87M | $-13.07M | $-12.68M | $7.66M | $-35.31M |
| Avg Forecast | $-6.58M | $-4.95M | $-5.52M | $-5.88M | $-8.42M | $-5.52M | $-11.40M | $-14.71M | $-16.55M | $46.76M | $42.45M |
| High Forecast | $-6.49M | $-4.88M | $-5.44M | $-5.80M | $-8.31M | $-5.44M | $-11.24M | $-14.50M | $-16.31M | $47.41M | $43.05M |
| Low Forecast | $-6.67M | $-5.02M | $-5.59M | $-5.97M | $-8.54M | $-5.59M | $-11.56M | $-14.91M | $-16.78M | $46.10M | $41.86M |
| Surprise % | - | - | - | - | 1.13% | 1.78% | 0.95% | 0.89% | 0.77% | 0.16% | -0.83% |
Grove Collaborative's average Quarter net income forecast for Dec 22 is $-16.55M, with a range of $-16.78M to $-16.31M. GROV's average Quarter net income forecast represents a -315.95% decrease compared to the company's last Quarter net income of $7.66M (Sep 22).
Grove Collaborative SG&A Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| SG&A | - | - | - | - | $32.69M | $29.70M | $39.82M | $46.69M | $58.61M | $54.96M | $75.79M |
| Avg Forecast | $41.60M | $38.83M | $40.47M | $40.96M | $46.93M | $50.07M | $48.43M | $52.95M | $53.06M | $53.21M | $55.81M |
| High Forecast | $42.05M | $39.25M | $40.91M | $41.40M | $47.73M | $50.62M | $48.96M | $53.52M | $53.63M | $53.79M | $56.41M |
| Low Forecast | $41.15M | $38.41M | $40.03M | $40.52M | $46.14M | $49.53M | $47.91M | $52.38M | $52.49M | $52.64M | $55.21M |
| Surprise % | - | - | - | - | 0.70% | 0.59% | 0.82% | 0.88% | 1.10% | 1.03% | 1.36% |
Grove Collaborative's average Quarter SG&A projection for Mar 24 is $40.96M, based on 1 Wall Street analysts, with a range of $40.52M to $41.40M. The forecast indicates a 25.29% rise compared to GROV last annual SG&A of $32.69M (Dec 23).
Grove Collaborative EPS Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
| EPS | - | - | - | - | $-0.26 | $-0.28 | $-0.32 | $-0.08 | $-0.08 | $0.05 | $-1.06 |
| Avg Forecast | $-0.18 | $-0.13 | $-0.15 | $-0.16 | $-0.23 | $-0.15 | $-0.31 | $-0.40 | $-0.45 | $1.27 | $1.15 |
| High Forecast | $-0.18 | $-0.13 | $-0.15 | $-0.16 | $-0.23 | $-0.15 | $-0.31 | $-0.39 | $-0.44 | $1.29 | $1.17 |
| Low Forecast | $-0.18 | $-0.14 | $-0.15 | $-0.16 | $-0.23 | $-0.15 | $-0.31 | $-0.41 | $-0.46 | $1.25 | $1.14 |
| Surprise % | - | - | - | - | 1.13% | 1.87% | 1.03% | 0.19% | 0.17% | 0.04% | -0.92% |
According to 0 Wall Street analysts, Grove Collaborative's projected average Quarter EPS for Dec 22 is $-0.45, with a low estimate of $-0.46 and a high estimate of $-0.44. This represents a -1000.00% decrease compared to GROV previous annual EPS of $0.05 (Sep 22).
Grove Collaborative Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GROV | Grove Collaborative | $1.41 | $150.00 | 10538.30% | Buy |
| HELE | Helen of Troy | $58.02 | $151.00 | 160.26% | Buy |
| EWCZ | European Wax Center | $7.07 | $12.10 | 71.15% | Buy |
| NUS | Nu Skin Enterprises | $7.65 | $11.00 | 43.79% | Strong Buy |
| IPAR | Inter Parfums | $117.54 | $157.00 | 33.57% | Buy |
| EPC | Edgewell Personal Care Company | $37.48 | $42.67 | 13.85% | Buy |
| SPB | Spectrum Brands | $92.88 | $94.75 | 2.01% | Buy |
GROV Forecast FAQ
Is Grove Collaborative a good buy?
Yes, according to 2 Wall Street analysts, Grove Collaborative (GROV) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of GROV's total ratings.
What is GROV's price target?
Grove Collaborative (GROV) average price target is $150 with a range of $50 to $250, implying a 10538.30% from its last price of $1.41. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Grove Collaborative stock go up soon?
According to Wall Street analysts' prediction for GROV stock, the company can go up by 10538.30% (from the last price of $1.41 to the average price target of $150), up by 17630.50% based on the highest stock price target, and up by 3446.10% based on the lowest stock price target.
Can Grove Collaborative stock reach $2?
GROV's average twelve months analyst stock price target of $150 supports the claim that Grove Collaborative can reach $2 in the near future.
What are Grove Collaborative's analysts' financial forecasts?
GROV's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $212M (high $214.3M, low $209.71M), average EBITDA is $-72.245M (high $-71.464M, low $-73.026M), average net income is $-22.929M (high $-22.606M, low $-23.251M), average SG&A $161.86M (high $163.61M, low $160.11M), and average EPS is $-0.624 (high $-0.615, low $-0.632).
Did the GROV's actual financial results beat the analysts' financial forecasts?
Based on Grove Collaborative's last annual report (Dec 2023), the company's revenue was $259.28M, which missed the average analysts forecast of $259.85M by -0.22%. Apple's EBITDA was $-25.628M, missing the average prediction of $-88.549M by -71.06%. The company's net income was $-43.232M, beating the average estimation of $-40.045M by 7.96%. Apple's SG&A was $152.41M, missing the average forecast of $198.39M by -23.18%. Lastly, the company's EPS was $-1.24, beating the average prediction of $-1.089 by 13.85%. In terms of the last quarterly report (Dec 2023), Grove Collaborative's revenue was $59.86M, missing the average analysts' forecast of $61.47M by -2.63%. The company's EBITDA was $-3.22M, missing the average prediction of $-20.948M by -84.63%. Grove Collaborative's net income was $-9.485M, beating the average estimation of $-8.424M by 12.59%. The company's SG&A was $32.69M, missing the average forecast of $46.93M by -30.34%. Lastly, the company's EPS was $-0.26, beating the average prediction of $-0.229 by 13.48%