Local Bounti (LOCL) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

LOCL Stock Forecast

Local Bounti stock forecast is as follows: an average price target of $1.44K (represents a 61288.89% upside from LOCL’s last price of $2.34) 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 61288.89% upside from LOCL's last price of $2.34.

LOCL Analyst Ratings

Hold

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%	61288.89%

Row per page

Go to

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 61288.89% increase from LOCL last price ($2.34).

Local Bounti Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$2.34	$2.34	$2.34
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 $2.34. 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

Row per page

Go to

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	Jun 22	Mar 22	Dec 21
Revenue	-	-	-	-	-	-	-	-	$6.87M	$6.81M	-	$6.70M	$6.64M	$6.29M	$6.27M	$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	$30.00M	$27.50M	$25.00M	$22.00M	$21.60M	$12.75M	$11.15M	$8.40M	$8.70M	$7.89M	$6.97M	$6.62M	$7.27M	$6.74M	$5.86M	$257.50K	$434.13K
Low Forecast	$30.00M	$27.50M	$25.00M	$22.00M	$21.60M	$12.75M	$11.15M	$8.40M	$8.70M	$7.16M	$6.97M	$6.62M	$7.27M	$6.74M	$5.86M	$257.50K	$434.13K
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	0.79%	0.90%	-	1.01%	0.91%	0.93%	1.07%	1.10%	1.47%

Local Bounti's average Quarter revenue forecast for Mar 24 based on 1 analysts is $8.40M, with a low forecast of $8.40M, and a high forecast of $8.40M. 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	Jun 22	Mar 22	Dec 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	$-12.02M	$-18.92M	-	$-19.23M	$-22.06M	$-21.95M	$-22.82M	$-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	$-18.00M	$-16.50M	$-15.00M	$-13.20M	$-12.96M	$-7.65M	$-6.69M	$-5.04M	$-5.22M	$-4.29M	$-4.18M	$-3.97M	$-4.36M	$-4.05M	$-3.51M	$-154.50K	$-260.48K
Low Forecast	$-18.00M	$-16.50M	$-15.00M	$-13.20M	$-12.96M	$-7.65M	$-6.69M	$-5.04M	$-5.22M	$-4.74M	$-4.18M	$-3.97M	$-4.36M	$-4.05M	$-3.51M	$-154.50K	$-260.48K
Surprise %	-	-	-	-	-	-	-	-	2.30%	4.19%	-	4.84%	5.06%	5.43%	6.50%	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	Jun 22	Mar 22	Dec 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	$-65.55M	$-24.26M	-	$-32.08M	$-22.93M	$-32.22M	$-37.10M	$-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	$-22.31M	$-12.90M	$-10.82M
High 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	$-22.31M	$-12.90M	$-10.82M
Low 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	$-22.31M	$-12.90M	$-10.82M
Surprise %	-	-	-	-	-	-	-	-	2.45%	1.11%	-	1.28%	0.83%	1.13%	1.66%	2.12%	5.50%

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	Jun 22	Mar 22	Dec 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	$10.31M	$14.41M	-	$15.98M	$17.94M	$20.24M	$23.14M	$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	$934.29M	$856.44M	$778.58M	$685.15M	$672.69M	$397.08M	$347.25M	$261.60M	$270.95M	$245.81M	$216.97M	$206.25M	$226.47M	$209.98M	$182.34M	$8.02M	$13.52M
Low Forecast	$934.29M	$856.44M	$778.58M	$685.15M	$672.69M	$397.08M	$347.25M	$261.60M	$270.95M	$222.89M	$216.97M	$206.25M	$226.47M	$209.98M	$182.34M	$8.02M	$13.52M
Surprise %	-	-	-	-	-	-	-	-	0.04%	0.06%	-	0.08%	0.08%	0.10%	0.13%	2.78%	3.01%

Local Bounti's average Quarter SG&A projection for Mar 24 is $261.60M, based on 1 Wall Street analysts, with a range of $261.60M to $261.60M. 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	Jun 22	Mar 22	Dec 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	$-8.10	$-3.02	-	$-0.32	$-0.26	$-0.36	$-0.42	$-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	$-0.94	$-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
Low 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
Surprise %	-	-	-	-	-	-	-	-	2.55%	1.16%	-	0.11%	0.08%	0.11%	0.16%	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).

Local Bounti Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
LOCL	Local Bounti	$2.34	$1.44K	61288.89%	Hold
AQB	AquaBounty	$1.02	$3.00	194.12%	Hold
AGRO	Adecoagro	$11.24	$12.50	11.21%	Buy

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 61288.89% from its last price of $2.34. 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 61288.89% (from the last price of $2.34 to the average price target of $1.44K), up by 61288.89% based on the highest stock price target, and up by 61288.89% 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 $53.9M, low $53.9M), average EBITDA is $-32.34M (high $-32.34M, low $-32.34M), average net income is $-71.664M (high $-71.664M, low $-71.664M), average SG&A $1.68B (high $1.68B, low $1.68B), and average EPS is $-8.52 (high $-8.52, low $-8.52). LOCL's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $104.5M (high $104.5M, low $104.5M), average EBITDA is $-62.7M (high $-62.7M, low $-62.7M), average net income is $-35.748M (high $-35.748M, low $-35.748M), average SG&A $3.25B (high $3.25B, low $3.25B), and average EPS is $-4.25 (high $-4.25, low $-4.25).

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%