Local Bounti (LOCL) Stock Forecast, Price Target & Predictions
LOCL Stock Forecast
Local Bounti stock forecast is as follows: an average price target of $1.44K (represents a 60257.14% upside from LOCL’s last price of $2.38) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
LOCL Price Target
The average price target for Local Bounti (LOCL) is $1.44K based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $1.44K to $1.44K. This represents a potential 60257.14% upside from LOCL's last price of $2.38.
LOCL Analyst Ratings
According to 1 Wall Street analysts, Local Bounti's rating consensus is 'Hold'. The analyst rating breakdown for LOCL stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Local Bounti Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 20, 2022 | - | Morgan Stanley | $1.44K | $1.40K | 2.66% | 60257.14% |
The latest Local Bounti stock forecast, released on Apr 20, 2022 by Morgan Stanley company, set a price target of $1.44K, which represents a 2.66% increase from the stock price at the time of the forecast ($1.40K), and a 60257.14% increase from LOCL last price ($2.38).
Local Bounti Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $2.38 | $2.38 | $2.38 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Local Bounti stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Local Bounti's last price of $2.38. 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 |
|---|---|---|---|---|
| Oct 31, 2023 | Deutsche Bank | - | Hold | Downgrade |
Local Bounti's last stock rating was published by Deutsche Bank on Oct 31, 2023. The company Downgrade its LOCL rating from "null" to "Hold".
Local Bounti Financial Forecast
Local Bounti Revenue Forecast
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $6.87M | $6.81M | - | $6.70M | $6.64M | $6.29M | - | $282.00K | $638.00K |
| Avg Forecast | $30.00M | $27.50M | $25.00M | $22.00M | $21.60M | $12.75M | $11.15M | $8.40M | $8.70M | $7.53M | $6.97M | $6.62M | $7.27M | $6.74M | $5.86M | $257.50K | $434.13K |
| High Forecast | $30.59M | $28.04M | $25.49M | $22.43M | $22.02M | $13.00M | $11.37M | $8.56M | $8.87M | $7.67M | $7.10M | $6.75M | $7.41M | $6.87M | $5.86M | $259.22K | $437.03K |
| Low Forecast | $29.41M | $26.96M | $24.51M | $21.57M | $21.18M | $12.50M | $10.93M | $8.24M | $8.53M | $7.38M | $6.83M | $6.49M | $7.13M | $6.61M | $5.86M | $255.78K | $431.23K |
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 1 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | 0.79% | 0.90% | - | 1.01% | 0.91% | 0.93% | - | 1.10% | 1.47% |
Local Bounti's average Quarter revenue forecast for Mar 24 based on 0 analysts is $8.40M, with a low forecast of $8.24M, and a high forecast of $8.56M. LOCL's average Quarter revenue forecast represents a 22.34% increase compared to the company's last Quarter revenue of $6.87M (Dec 23).
Local Bounti EBITDA Forecast
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 1 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | $-12.02M | $-18.92M | - | $-19.23M | $-22.06M | $-21.95M | - | $-24.13M | $-58.88M |
| Avg Forecast | $-18.00M | $-16.50M | $-15.00M | $-13.20M | $-12.96M | $-7.65M | $-6.69M | $-5.04M | $-5.22M | $-4.51M | $-4.18M | $-3.97M | $-4.36M | $-4.05M | $-3.51M | $-154.50K | $-260.48K |
| High Forecast | $-17.65M | $-16.18M | $-14.71M | $-12.94M | $-12.71M | $-7.50M | $-6.56M | $-4.94M | $-5.12M | $-4.43M | $-4.10M | $-3.90M | $-4.28M | $-3.97M | $-3.51M | $-153.47K | $-258.74K |
| Low Forecast | $-18.35M | $-16.82M | $-15.29M | $-13.46M | $-13.21M | $-7.80M | $-6.82M | $-5.14M | $-5.32M | $-4.60M | $-4.26M | $-4.05M | $-4.45M | $-4.12M | $-3.51M | $-155.53K | $-262.22K |
| Surprise % | - | - | - | - | - | - | - | - | 2.30% | 4.19% | - | 4.84% | 5.06% | 5.43% | - | 156.17% | 226.06% |
undefined analysts predict LOCL's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Local Bounti's previous annual EBITDA (undefined) of $NaN.
Local Bounti Net Income Forecast
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 1 | 2 |
| Net Income | - | - | - | - | - | - | - | - | $-65.55M | $-24.26M | - | $-32.08M | $-22.93M | $-32.22M | - | $-27.41M | $-59.56M |
| Avg Forecast | $-7.91M | $-8.50M | $-9.25M | $-10.09M | $-16.19M | $-17.92M | $-19.51M | $-18.04M | $-26.75M | $-21.84M | $-13.67M | $-25.06M | $-27.79M | $-28.43M | $-22.08M | $-12.41M | $-10.41M |
| High Forecast | $-7.71M | $-8.28M | $-9.02M | $-9.84M | $-15.78M | $-17.46M | $-19.02M | $-17.58M | $-26.07M | $-21.29M | $-13.32M | $-24.42M | $-27.09M | $-27.71M | $-22.08M | $-12.31M | $-10.32M |
| Low Forecast | $-8.11M | $-8.71M | $-9.49M | $-10.35M | $-16.60M | $-18.37M | $-20.01M | $-18.50M | $-27.43M | $-22.40M | $-14.02M | $-25.70M | $-28.50M | $-29.15M | $-22.08M | $-12.52M | $-10.50M |
| Surprise % | - | - | - | - | - | - | - | - | 2.45% | 1.11% | - | 1.28% | 0.83% | 1.13% | - | 2.21% | 5.72% |
Local Bounti's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. LOCL's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Local Bounti SG&A Forecast
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 1 | 2 |
| SG&A | - | - | - | - | - | - | - | - | $10.31M | $14.41M | - | $15.98M | $17.94M | $20.24M | - | $22.26M | $40.74M |
| Avg Forecast | $934.29M | $856.44M | $778.58M | $685.15M | $672.69M | $397.08M | $347.25M | $261.60M | $270.95M | $234.35M | $216.97M | $206.25M | $226.47M | $209.98M | $182.34M | $8.02M | $13.52M |
| High Forecast | $952.61M | $873.23M | $793.84M | $698.58M | $685.88M | $404.86M | $354.05M | $266.73M | $276.26M | $238.95M | $221.22M | $210.29M | $230.91M | $214.10M | $182.34M | $8.07M | $13.61M |
| Low Forecast | $915.97M | $839.64M | $763.31M | $671.71M | $659.50M | $389.29M | $340.44M | $256.47M | $265.63M | $229.76M | $212.72M | $202.20M | $222.03M | $205.87M | $182.34M | $7.97M | $13.43M |
| Surprise % | - | - | - | - | - | - | - | - | 0.04% | 0.06% | - | 0.08% | 0.08% | 0.10% | - | 2.78% | 3.01% |
Local Bounti's average Quarter SG&A projection for Mar 24 is $261.60M, based on 0 Wall Street analysts, with a range of $256.47M to $266.73M. The forecast indicates a 2436.14% rise compared to LOCL last annual SG&A of $10.31M (Dec 23).
Local Bounti EPS Forecast
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 1 | 2 |
| EPS | - | - | - | - | - | - | - | - | $-8.10 | $-3.02 | - | $-0.32 | $-0.26 | $-0.36 | - | $-0.34 | $-1.73 |
| Avg Forecast | $-0.94 | $-1.01 | $-1.10 | $-1.20 | $-1.93 | $-2.13 | $-2.32 | $-2.15 | $-3.18 | $-2.60 | $-1.63 | $-2.98 | $-3.30 | $-3.38 | $-2.65 | $-1.53 | $-1.29 |
| High Forecast | $-0.92 | $-0.98 | $-1.07 | $-1.17 | $-1.88 | $-2.08 | $-2.26 | $-2.09 | $-3.10 | $-2.53 | $-1.58 | $-2.90 | $-3.22 | $-3.29 | $-2.65 | $-1.52 | $-1.28 |
| Low Forecast | $-0.96 | $-1.04 | $-1.13 | $-1.23 | $-1.97 | $-2.18 | $-2.38 | $-2.20 | $-3.26 | $-2.66 | $-1.67 | $-3.06 | $-3.39 | $-3.47 | $-2.65 | $-1.55 | $-1.30 |
| Surprise % | - | - | - | - | - | - | - | - | 2.55% | 1.16% | - | 0.11% | 0.08% | 0.11% | - | 0.22% | 1.34% |
According to undefined Wall Street analysts, Local Bounti's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to LOCL previous annual EPS of $NaN (undefined).
LOCL Forecast FAQ
Is Local Bounti a good buy?
No, according to 1 Wall Street analysts, Local Bounti (LOCL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of LOCL's total ratings.
What is LOCL's price target?
Local Bounti (LOCL) average price target is $1.44K with a range of $1.44K to $1.44K, implying a 60257.14% from its last price of $2.38. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Local Bounti stock go up soon?
According to Wall Street analysts' prediction for LOCL stock, the company can go up by 60257.14% (from the last price of $2.38 to the average price target of $1.44K), up by 60257.14% based on the highest stock price target, and up by 60257.14% based on the lowest stock price target.
Can Local Bounti stock reach $4?
LOCL's average twelve months analyst stock price target of $1.44K supports the claim that Local Bounti can reach $4 in the near future.
What are Local Bounti's analysts' financial forecasts?
Local Bounti's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $53.9M (high $54.96M, low $52.84M), average EBITDA is $-32.34M (high $-31.706M, low $-32.974M), average net income is $-71.664M (high $-69.837M, low $-73.49M), average SG&A $1.68B (high $1.71B, low $1.65B), and average EPS is $-8.52 (high $-8.303, low $-8.737). LOCL's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $104.5M (high $106.55M, low $102.45M), average EBITDA is $-62.7M (high $-61.471M, low $-63.929M), average net income is $-35.748M (high $-34.836M, low $-36.659M), average SG&A $3.25B (high $3.32B, low $3.19B), and average EPS is $-4.25 (high $-4.142, low $-4.358).
Did the LOCL's actual financial results beat the analysts' financial forecasts?
Based on Local Bounti's last annual report (Dec 2023), the company's revenue was $27.56M, which missed the average analysts forecast of $29.81M by -7.57%. Apple's EBITDA was $-51.174M, beating the average prediction of $-17.889M by 186.07%. The company's net income was $-124M, beating the average estimation of $-87.321M by 42.02%. Apple's SG&A was $44.89M, missing the average forecast of $928.52M by -95.17%. Lastly, the company's EPS was $-15.61, beating the average prediction of $-10.381 by 50.36%. In terms of the last quarterly report (Dec 2023), Local Bounti's revenue was $6.87M, missing the average analysts' forecast of $8.7M by -21.08%. The company's EBITDA was $-12.016M, beating the average prediction of $-5.22M by 130.19%. Local Bounti's net income was $-65.554M, beating the average estimation of $-26.748M by 145.08%. The company's SG&A was $10.32M, missing the average forecast of $270.95M by -96.19%. Lastly, the company's EPS was $-8.1, beating the average prediction of $-3.18 by 154.72%