Star Bulk Carriers (SBLK) Stock Forecast, Price Target & Predictions
SBLK Stock Forecast
Star Bulk Carriers stock forecast is as follows: an average price target of $27.33 (represents a 31.39% upside from SBLK’s last price of $20.80) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
SBLK Price Target
The average price target for Star Bulk Carriers (SBLK) is $27.33 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $32.00 to $24.00. This represents a potential 31.39% upside from SBLK's last price of $20.80.
SBLK Analyst Ratings
According to 13 Wall Street analysts, Star Bulk Carriers's rating consensus is 'Buy'. The analyst rating breakdown for SBLK stock is 1 'Strong Buy' (7.69%), 9 'Buy' (69.23%), 3 'Hold' (23.08%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Star Bulk Carriers Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Chris Robertson | Deutsche Bank | $26.00 | $20.63 | 26.06% | 25.00% |
| Dec 13, 2023 | Omar Nokta | Jefferies | $24.00 | $20.29 | 18.28% | 15.38% |
| Sep 22, 2023 | Omar Nokta | Jefferies | $22.00 | $18.43 | 19.37% | 5.77% |
| Feb 01, 2023 | Benjamin Nolan | Stifel Nicolaus | $32.00 | $22.51 | 42.16% | 53.85% |
The latest Star Bulk Carriers stock forecast, released on Sep 04, 2024 by Chris Robertson from Deutsche Bank, set a price target of $26.00, which represents a 26.06% increase from the stock price at the time of the forecast ($20.63), and a 25.00% increase from SBLK last price ($20.80).
Star Bulk Carriers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 3 |
| Avg Price Target | $26.00 | $26.00 | $24.00 |
| Last Closing Price | $20.80 | $20.80 | $20.80 |
| Upside/Downside | 25.00% | 25.00% | 15.38% |
In the current month, the average price target of Star Bulk Carriers stock is $26.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 25.00% increase as opposed to Star Bulk Carriers's last price of $20.80. This month's average price target is down 0.00% compared to last quarter, and up 8.33% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Deutsche Bank | - | Buy | Initialise |
| May 06, 2024 | DNB Markets | - | Hold | Downgrade |
| Dec 13, 2023 | Citigroup | Buy | Buy | Hold |
| Nov 10, 2023 | HSBC | Buy | Buy | Hold |
| Nov 10, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Oct 26, 2023 | Jefferies | Buy | Buy | Hold |
| Oct 26, 2023 | Citigroup | Neutral | Neutral | Hold |
| Sep 22, 2023 | Jefferies | Buy | Buy | Hold |
| May 17, 2023 | HSBC | Buy | Buy | Hold |
| May 17, 2023 | Jefferies | Buy | Buy | Hold |
Star Bulk Carriers's last stock rating was published by Deutsche Bank on Sep 04, 2024. The company Initialise its SBLK rating from "null" to "Buy".
Star Bulk Carriers Financial Forecast
Star Bulk Carriers Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $224.03M | $294.80M | - | $417.33M | $360.88M | - | - | $311.41M | $200.47M | $186.02M | $200.22M |
| Avg Forecast | $537.63M | $521.70M | $506.24M | $491.25M | $476.69M | $462.57M | $448.86M | $435.56M | $334.68M | $288.73M | $275.33M | $286.60M | $337.54M | $304.60M | $268.22M | $204.31M | $202.99M | $163.14M | $188.45M | $168.90M | $234.18M | $286.14M | $333.81M | $288.49M | $399.88M | $348.95M | $268.88M | $171.55M | $148.44M | $142.81M |
| High Forecast | $620.38M | $602.00M | $584.16M | $566.85M | $550.06M | $533.76M | $517.95M | $502.60M | $386.19M | $333.17M | $317.71M | $330.71M | $389.49M | $307.99M | $309.50M | $235.76M | $210.84M | $196.36M | $217.45M | $194.90M | $270.22M | $330.18M | $361.30M | $312.24M | $432.82M | $377.69M | $291.03M | $185.68M | $160.67M | $154.57M |
| Low Forecast | $475.45M | $461.36M | $447.70M | $434.43M | $421.56M | $409.07M | $396.95M | $385.19M | $295.97M | $255.34M | $243.49M | $253.45M | $298.50M | $301.22M | $237.20M | $180.68M | $195.14M | $141.75M | $166.65M | $149.37M | $207.09M | $253.05M | $323.79M | $279.83M | $387.88M | $338.48M | $260.82M | $166.40M | $143.99M | $138.53M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.33% | 1.26% | - | 1.25% | 1.25% | - | - | 1.16% | 1.17% | 1.25% | 1.40% |
Star Bulk Carriers's average Quarter revenue forecast for Jun 23 based on 3 analysts is $188.45M, with a low forecast of $166.65M, and a high forecast of $217.45M. SBLK's average Quarter revenue forecast represents a -15.89% decrease compared to the company's last Quarter revenue of $224.03M (Mar 23).
Star Bulk Carriers EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $105.66M | $96.55M | - | $250.99M | $221.93M | - | - | $176.89M | $85.24M | $33.80M | $46.32M |
| Avg Forecast | $187.84M | $182.27M | $176.87M | $171.63M | $166.55M | $161.61M | $156.83M | $152.18M | $116.93M | $100.88M | $96.20M | $100.13M | $117.93M | $106.42M | $93.71M | $129.77M | $70.92M | $57.00M | $65.84M | $117.97M | $81.82M | $63.11M | $116.63M | $107.24M | $139.71M | $121.92M | $93.94M | $97.50M | $51.86M | $49.90M |
| High Forecast | $216.75M | $210.33M | $204.10M | $198.05M | $192.18M | $186.49M | $180.96M | $175.60M | $134.93M | $116.40M | $111.00M | $115.54M | $136.08M | $107.61M | $108.13M | $155.72M | $73.66M | $68.60M | $75.97M | $141.56M | $94.41M | $75.74M | $126.23M | $128.69M | $151.22M | $131.96M | $101.68M | $116.99M | $56.13M | $54.00M |
| Low Forecast | $166.11M | $161.19M | $156.42M | $151.78M | $147.29M | $142.92M | $138.69M | $134.58M | $103.41M | $89.21M | $85.07M | $88.55M | $104.29M | $105.24M | $82.87M | $103.81M | $68.18M | $49.53M | $58.23M | $94.38M | $72.35M | $50.49M | $113.13M | $85.80M | $135.52M | $118.26M | $91.12M | $78.00M | $50.31M | $48.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 1.18% | - | 2.15% | 2.07% | - | - | 1.88% | 0.87% | 0.65% | 0.93% |
3 analysts predict SBLK's average Quarter EBITDA for Jun 23 to be $65.84M, with a high of $75.97M and a low of $58.23M. This is -37.69% lower than Star Bulk Carriers's previous annual EBITDA (Mar 23) of $105.66M.
Star Bulk Carriers Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $45.88M | $85.80M | - | $200.15M | $170.36M | - | - | $124.21M | $35.76M | $27.77M | $23.25M |
| Avg Forecast | $134.23M | $133.04M | $129.72M | $126.04M | $129.40M | $128.13M | $122.90M | $119.08M | $126.01M | $95.11M | $75.54M | $90.36M | $135.94M | $103.25M | $89.72M | $55.35M | $84.68M | $33.53M | $55.87M | $50.32M | $100.03M | $37.21M | $216.75M | $45.74M | $294.65M | $245.48M | $152.70M | $41.58M | $30.57M | $34.66M |
| High Forecast | $161.09M | $159.66M | $155.68M | $151.26M | $155.29M | $153.77M | $147.49M | $142.91M | $151.22M | $114.14M | $90.66M | $108.44M | $163.14M | $113.88M | $107.67M | $66.42M | $92.11M | $72.65M | $67.05M | $60.38M | $120.05M | $44.65M | $239.95M | $54.89M | $326.20M | $271.76M | $169.05M | $49.90M | $33.84M | $38.37M |
| Low Forecast | $114.05M | $113.04M | $110.22M | $107.09M | $109.94M | $108.87M | $104.42M | $101.18M | $107.06M | $80.81M | $64.18M | $76.77M | $115.50M | $88.07M | $76.23M | $44.28M | $74.28M | $12.11M | $47.47M | $40.25M | $84.99M | $29.77M | $208.29M | $36.59M | $283.16M | $235.91M | $146.74M | $33.27M | $29.38M | $33.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 0.86% | - | 0.92% | 3.72% | - | - | 0.81% | 0.86% | 0.91% | 0.67% |
Star Bulk Carriers's average Quarter net income forecast for Jun 23 is $55.87M, with a range of $47.47M to $67.05M. SBLK's average Quarter net income forecast represents a 21.79% increase compared to the company's last Quarter net income of $45.88M (Mar 23).
Star Bulk Carriers SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $11.66M | $12.55M | - | $17.15M | $8.77M | - | - | $10.13M | $7.30M | $7.57M | $9.32M |
| Avg Forecast | $24.83M | $24.10M | $23.38M | $22.69M | $22.02M | $21.36M | $20.73M | $20.12M | $15.46M | $13.34M | $12.72M | $13.24M | $15.59M | $14.07M | $12.39M | $11.79M | $9.38M | $7.53M | $8.70M | $10.72M | $10.82M | $11.90M | $15.42M | $9.75M | $18.47M | $16.12M | $12.42M | $8.86M | $6.86M | $6.60M |
| High Forecast | $28.65M | $27.80M | $26.98M | $26.18M | $25.41M | $24.65M | $23.92M | $23.21M | $17.84M | $15.39M | $14.67M | $15.27M | $17.99M | $14.23M | $14.30M | $14.15M | $9.74M | $9.07M | $10.04M | $12.87M | $12.48M | $14.28M | $16.69M | $11.70M | $19.99M | $17.44M | $13.44M | $10.63M | $7.42M | $7.14M |
| Low Forecast | $21.96M | $21.31M | $20.68M | $20.07M | $19.47M | $18.89M | $18.33M | $17.79M | $13.67M | $11.79M | $11.25M | $11.71M | $13.79M | $13.91M | $10.96M | $9.43M | $9.01M | $6.55M | $7.70M | $8.58M | $9.57M | $9.52M | $14.95M | $7.80M | $17.92M | $15.63M | $12.05M | $7.09M | $6.65M | $6.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.16% | - | 1.11% | 0.90% | - | - | 0.82% | 0.82% | 1.10% | 1.41% |
Star Bulk Carriers's average Quarter SG&A projection for Jun 23 is $8.70M, based on 3 Wall Street analysts, with a range of $7.70M to $10.04M. The forecast indicates a -25.39% fall compared to SBLK last annual SG&A of $11.66M (Mar 23).
Star Bulk Carriers EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.45 | $0.84 | - | $1.96 | $1.67 | - | - | $1.26 | $0.36 | $0.29 | $0.24 |
| Avg Forecast | $1.16 | $1.15 | $1.13 | $1.09 | $1.12 | $1.11 | $1.07 | $1.03 | $1.09 | $0.83 | $0.66 | $0.78 | $1.18 | $0.90 | $0.78 | $0.79 | $0.73 | $0.29 | $0.48 | $0.29 | $0.87 | $1.41 | $1.88 | $1.47 | $2.56 | $2.13 | $1.32 | $0.46 | $0.27 | $0.30 |
| High Forecast | $1.40 | $1.39 | $1.35 | $1.31 | $1.35 | $1.33 | $1.28 | $1.24 | $1.31 | $0.99 | $0.79 | $0.94 | $1.42 | $0.99 | $0.93 | $0.95 | $0.80 | $0.63 | $0.58 | $0.35 | $1.04 | $1.69 | $2.08 | $1.62 | $2.83 | $2.36 | $1.47 | $0.51 | $0.29 | $0.33 |
| Low Forecast | $0.99 | $0.98 | $0.96 | $0.93 | $0.95 | $0.94 | $0.91 | $0.88 | $0.93 | $0.70 | $0.56 | $0.67 | $1.00 | $0.76 | $0.66 | $0.67 | $0.64 | $0.11 | $0.41 | $0.25 | $0.74 | $1.20 | $1.81 | $1.41 | $2.46 | $2.05 | $1.27 | $0.44 | $0.25 | $0.29 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.55% | 0.97% | - | 1.04% | 1.14% | - | - | 0.95% | 0.79% | 1.09% | 0.80% |
According to 3 Wall Street analysts, Star Bulk Carriers's projected average Quarter EPS for Jun 23 is $0.48, with a low estimate of $0.41 and a high estimate of $0.58. This represents a 7.72% increase compared to SBLK previous annual EPS of $0.45 (Mar 23).
Star Bulk Carriers Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GOGL | Golden Ocean Group | $11.65 | $16.75 | 43.78% | Hold |
| DAC | Danaos | $78.84 | $105.00 | 33.18% | Buy |
| SBLK | Star Bulk Carriers | $20.80 | $27.33 | 31.39% | Buy |
| DSX | Diana Shipping | $2.35 | $3.00 | 27.66% | Hold |
| GSL | Global Ship Lease | $24.07 | $29.00 | 20.48% | Buy |
| GNK | Genco Shipping & Trading | $17.24 | $20.67 | 19.90% | Buy |
| CMRE | Costamare | $13.60 | $14.50 | 6.62% | Buy |
| ASC | Ardmore Shipping | $17.44 | $17.50 | 0.34% | Buy |
SBLK Forecast FAQ
Is Star Bulk Carriers a good buy?
Yes, according to 13 Wall Street analysts, Star Bulk Carriers (SBLK) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 76.92% of SBLK's total ratings.
What is SBLK's price target?
Star Bulk Carriers (SBLK) average price target is $27.33 with a range of $24 to $32, implying a 31.39% from its last price of $20.8. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Star Bulk Carriers stock go up soon?
According to Wall Street analysts' prediction for SBLK stock, the company can go up by 31.39% (from the last price of $20.8 to the average price target of $27.33), up by 53.85% based on the highest stock price target, and up by 15.38% based on the lowest stock price target.
Can Star Bulk Carriers stock reach $30?
SBLK's highest twelve months analyst stock price target of $32 supports the claim that Star Bulk Carriers can reach $30 in the near future.
What is Star Bulk Carriers's current price target trend?
1 Wall Street analyst forecast a $26 price target for Star Bulk Carriers (SBLK) this month, up 25.00% from its last price of $20.8. Compared to the last 3 and 12 months, the average price target increased by 25.00% and increased by 15.38%, respectively.
What are Star Bulk Carriers's analysts' financial forecasts?
Star Bulk Carriers's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.82B (high $2.1B, low $1.61B), average EBITDA is $637.17M (high $735.23M, low $563.48M), average net income is $499.51M (high $599.45M, low $424.41M), average SG&A $84.23M (high $97.2M, low $74.49M), and average EPS is $4.33 (high $5.2, low $3.68). SBLK's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.06B (high $2.37B, low $1.82B), average EBITDA is $718.62M (high $829.22M, low $635.51M), average net income is $523.03M (high $627.68M, low $444.4M), average SG&A $95M (high $109.62M, low $84.01M), and average EPS is $4.54 (high $5.45, low $3.86).
Did the SBLK's actual financial results beat the analysts' financial forecasts?
Based on Star Bulk Carriers's last annual report (Dec 2022), the company's revenue was $1.44B, beating the average analysts forecast of $1.14B by 25.78%. Apple's EBITDA was $634.21M, beating the average prediction of $368.8M by 71.97%. The company's net income was $566M, beating the average estimation of $399.73M by 41.59%. Apple's SG&A was $56.83M, beating the average forecast of $47.88M by 18.69%. Lastly, the company's EPS was $5.54, missing the average prediction of $5.62 by -1.46%. In terms of the last quarterly report (Mar 2023), Star Bulk Carriers's revenue was $224.04M, beating the average analysts' forecast of $168.9M by 32.64%. The company's EBITDA was $105.66M, missing the average prediction of $117.97M by -10.43%. Star Bulk Carriers's net income was $45.88M, missing the average estimation of $50.32M by -8.83%. The company's SG&A was $11.66M, beating the average forecast of $10.72M by 8.80%. Lastly, the company's EPS was $0.45, beating the average prediction of $0.29 by 55.38%