Top Ships (TOPS) Stock Forecast, Price Target & Predictions
TOPS Stock Forecast
Top Ships stock forecast is as follows: an average price target of $2.50 (represents a -67.91% downside from TOPS’s last price of $7.79) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
TOPS Price Target
The average price target for Top Ships (TOPS) is $2.50 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $2.50 to $2.50. This represents a potential -67.91% downside from TOPS's last price of $7.79.
TOPS Analyst Ratings
According to 2 Wall Street analysts, Top Ships's rating consensus is 'Buy'. The analyst rating breakdown for TOPS 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%).
Top Ships Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Feb 22, 2023 | Tate Sullivan | Maxim Group | $2.50 | $0.76 | 228.43% | -67.91% |
The latest Top Ships stock forecast, released on Feb 22, 2023 by Tate Sullivan from Maxim Group, set a price target of $2.50, which represents a 228.43% increase from the stock price at the time of the forecast ($0.76), and a -67.91% decrease from TOPS last price ($7.79).
Top Ships Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $7.79 | $7.79 | $7.79 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Top Ships stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Top Ships's last price of $7.79. 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 |
|---|---|---|---|---|
| Feb 22, 2023 | Maxim Group | - | Buy | Upgrade |
| Feb 22, 2023 | Citigroup | - | Overweight | Upgrade |
| Feb 22, 2023 | Evercore ISI | - | Underperform | Downgrade |
Top Ships's last stock rating was published by Maxim Group on Feb 22, 2023. The company Upgrade its TOPS rating from "null" to "Buy".
Top Ships Financial Forecast
Top Ships Revenue Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Jun 09 | Jun 08 | Mar 07 | Mar 06 | Mar 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | $-18.03M | - | - | - | - | - | - | - | - | $400.00K | - | - | $22.41M | $23.14M | $28.64M | $76.69M | $73.99M | $101.75M | $47.29M | $19.16M |
| Avg Forecast | $22.09M | $42.26M | $83.20M | $42.04M | $195.90M | $167.79M | $178.09M | $161.90M | $147.18M | $133.80M | $121.64M | $110.58M | $100.53M | $91.39M | $83.08M | $75.53M | $80.78M | $86.39M | $92.40M | $247.42M | $65.73M | $133.18M | $92.37M | $58.33M | $18.20M |
| High Forecast | $22.09M | $42.26M | $83.20M | $42.04M | $235.08M | $201.35M | $213.71M | $194.28M | $176.62M | $160.56M | $145.97M | $132.70M | $120.63M | $109.67M | $99.70M | $90.63M | $96.93M | $103.67M | $110.88M | $296.90M | $78.88M | $159.81M | $110.85M | $69.99M | $21.84M |
| Low Forecast | $22.09M | $42.26M | $83.20M | $42.04M | $156.72M | $134.24M | $142.47M | $129.52M | $117.75M | $107.04M | $97.31M | $88.46M | $80.42M | $73.11M | $66.46M | $60.42M | $64.62M | $69.12M | $73.92M | $197.93M | $52.59M | $106.54M | $73.90M | $46.66M | $14.56M |
| # Analysts | 1 | 1 | 1 | 1 | 16 | 19 | 20 | 15 | 15 | 17 | 20 | 20 | 13 | 14 | 19 | 19 | 18 | 14 | 7 | 18 | 10 | 19 | 7 | 12 | 9 |
| Surprise % | - | - | - | - | - | -0.11% | - | - | - | - | - | - | - | - | 0.00% | - | - | 0.26% | 0.25% | 0.12% | 1.17% | 0.56% | 1.10% | 0.81% | 1.05% |
Top Ships's average Quarter revenue forecast for Mar 23 based on 16 analysts is $195.90M, with a low forecast of $156.72M, and a high forecast of $235.08M. TOPS's average Quarter revenue forecast represents a -1186.76% decrease compared to the company's last Quarter revenue of $-18.03M (Dec 22).
Top Ships EBITDA Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Jun 09 | Jun 08 | Mar 07 | Mar 06 | Mar 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 16 | 19 | 20 | 15 | 15 | 17 | 20 | 20 | 13 | 14 | 19 | 19 | 18 | 14 | 7 | 18 | 10 | 19 | 7 | 12 | 9 |
| EBITDA | - | - | - | - | - | $23.49M | - | - | - | - | - | - | - | - | $130.00K | - | - | $10.44M | $12.96M | $-4.40M | $24.74M | $-6.10M | $20.30M | $12.71M | $6.11M |
| Avg Forecast | $9.17M | $17.53M | $48.58M | $17.44M | $44.16M | $101.90M | $40.15M | $36.50M | $33.18M | $30.16M | $27.42M | $24.93M | $22.66M | $20.60M | $18.73M | $17.03M | $18.21M | $19.48M | $20.83M | $-38.00M | $21.00M | $-10.99M | $12.28M | $15.68M | $10.44M |
| High Forecast | $9.17M | $17.53M | $58.29M | $17.44M | $53.00M | $122.29M | $48.18M | $43.80M | $39.82M | $36.20M | $32.91M | $29.91M | $27.19M | $24.72M | $22.48M | $20.43M | $21.85M | $23.37M | $25.00M | $-30.40M | $25.20M | $-8.79M | $14.74M | $18.82M | $12.52M |
| Low Forecast | $9.17M | $17.53M | $38.86M | $17.44M | $35.33M | $81.52M | $32.12M | $29.20M | $26.54M | $24.13M | $21.94M | $19.94M | $18.13M | $16.48M | $14.98M | $13.62M | $14.57M | $15.58M | $16.66M | $-45.60M | $16.80M | $-13.18M | $9.83M | $12.54M | $8.35M |
| Surprise % | - | - | - | - | - | 0.23% | - | - | - | - | - | - | - | - | 0.01% | - | - | 0.54% | 0.62% | 0.12% | 1.18% | 0.56% | 1.65% | 0.81% | 0.59% |
16 analysts predict TOPS's average Quarter EBITDA for Mar 23 to be $44.16M, with a high of $53.00M and a low of $35.33M. This is 87.99% upper than Top Ships's previous annual EBITDA (Dec 22) of $23.49M.
Top Ships Net Income Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Jun 09 | Jun 08 | Mar 07 | Mar 06 | Mar 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 16 | 19 | 20 | 15 | 15 | 17 | 20 | 20 | 13 | 14 | 19 | 19 | 18 | 14 | 7 | 18 | 10 | 19 | 7 | 12 | 9 |
| Net Income | - | - | - | - | - | $76.45M | - | - | - | - | - | - | - | - | $100.00K | - | - | $-2.32M | $884.00K | $-15.95M | $-5.59M | $947.00K | $30.40M | $19.12M | $6.11M |
| Avg Forecast | $3.26M | $1.20M | $3.31M | $977.02K | $3.01M | $67.93M | $2.74M | $2.49M | $2.26M | $2.06M | $1.87M | $1.70M | $1.55M | $1.41M | $1.28M | $1.16M | $1.24M | $1.33M | $1.42M | $-137.80M | $-4.79M | $1.70M | $18.40M | $23.58M | $5.80M |
| High Forecast | $3.26M | $1.20M | $3.98M | $977.02K | $3.61M | $81.51M | $3.29M | $2.99M | $2.72M | $2.47M | $2.24M | $2.04M | $1.85M | $1.69M | $1.53M | $1.39M | $1.49M | $1.59M | $1.70M | $-110.24M | $-3.83M | $2.05M | $22.08M | $28.30M | $6.96M |
| Low Forecast | $3.26M | $1.20M | $2.65M | $977.02K | $2.41M | $54.34M | $2.19M | $1.99M | $1.81M | $1.65M | $1.50M | $1.36M | $1.24M | $1.12M | $1.02M | $929.03K | $993.62K | $1.06M | $1.14M | $-165.36M | $-5.75M | $1.36M | $14.72M | $18.87M | $4.64M |
| Surprise % | - | - | - | - | - | 1.13% | - | - | - | - | - | - | - | - | 0.08% | - | - | -1.74% | 0.62% | 0.12% | 1.17% | 0.56% | 1.65% | 0.81% | 1.05% |
Top Ships's average Quarter net income forecast for Mar 23 is $3.01M, with a range of $2.41M to $3.61M. TOPS's average Quarter net income forecast represents a -96.06% decrease compared to the company's last Quarter net income of $76.45M (Dec 22).
Top Ships SG&A Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Jun 09 | Jun 08 | Mar 07 | Mar 06 | Mar 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 16 | 19 | 20 | 15 | 15 | 17 | 20 | 20 | 13 | 14 | 19 | 19 | 18 | 14 | 7 | 18 | 10 | 19 | 7 | 12 | 9 |
| SG&A | - | - | - | - | - | $-83.69M | - | - | - | - | - | - | - | - | $400.00K | - | - | $5.54M | $5.05M | $29.72M | $7.46M | $5.20M | $7.28M | $2.98M | - |
| Avg Forecast | $2.82M | $5.39M | $18.94M | $5.37M | $17.22M | $18.35M | $15.66M | $14.23M | $12.94M | $11.76M | $10.69M | $9.72M | $8.84M | $8.03M | $7.30M | $6.64M | $7.10M | $7.59M | $8.12M | $31.57M | $6.39M | $9.36M | $4.41M | $3.67M | $2.32M |
| High Forecast | $2.82M | $5.39M | $22.73M | $5.37M | $20.66M | $22.02M | $18.79M | $17.08M | $15.53M | $14.11M | $12.83M | $11.66M | $10.60M | $9.64M | $8.76M | $7.97M | $8.52M | $9.11M | $9.75M | $37.89M | $7.67M | $11.23M | $5.29M | $4.41M | $2.79M |
| Low Forecast | $2.82M | $5.39M | $15.15M | $5.37M | $13.78M | $14.68M | $12.52M | $11.39M | $10.35M | $9.41M | $8.55M | $7.78M | $7.07M | $6.43M | $5.84M | $5.31M | $5.68M | $6.08M | $6.50M | $25.26M | $5.11M | $7.49M | $3.53M | $2.94M | $1.86M |
| Surprise % | - | - | - | - | - | -4.56% | - | - | - | - | - | - | - | - | 0.05% | - | - | 0.73% | 0.62% | 0.94% | 1.17% | 0.56% | 1.65% | 0.81% | - |
Top Ships's average Quarter SG&A projection for Mar 15 is $8.03M, based on 14 Wall Street analysts, with a range of $6.43M to $9.64M. The forecast indicates a 1908.40% rise compared to TOPS last annual SG&A of $400.00K (Mar 14).
Top Ships EPS Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Mar 23 | Dec 22 | Mar 22 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | Mar 12 | Mar 11 | Mar 10 | Jun 09 | Jun 08 | Mar 07 | Mar 06 | Mar 05 | Sep 04 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 16 | 19 | 20 | 15 | 15 | 17 | 20 | 20 | 13 | 14 | 19 | 19 | 18 | 14 | 7 | 18 | 10 | 19 | 7 | 12 | 9 |
| EPS | - | - | - | - | - | $7.43 | - | - | - | - | - | - | - | - | $881.45 | - | - | $-980.00 | $420.00 | $-8.12K | $-3.08K | $63.00 | $2.23K | $1.45K | $2.38T |
| Avg Forecast | $1.54 | $0.57 | $1.58 | $0.46 | $1.43 | $1.95 | $1.43 | $49.67M | $45.16M | $41.05M | $37.32M | $33.93M | $30.84M | $28.04M | $25.49M | $23.17M | $24.78M | $26.51M | $28.35M | $-1.09B | $75.60M | $-340.20M | $3.48B | $8.39B | $2.87B |
| High Forecast | $1.54 | $0.57 | $1.58 | $0.46 | $1.43 | $1.95 | $1.43 | $59.61M | $54.19M | $49.26M | $44.78M | $40.71M | $37.01M | $33.65M | $30.59M | $27.81M | $29.74M | $31.81M | $34.02M | $-870.91M | $90.72M | $-272.16M | $4.17B | $10.07B | $3.45B |
| Low Forecast | $1.54 | $0.57 | $1.58 | $0.46 | $1.43 | $1.95 | $1.43 | $39.74M | $36.13M | $32.84M | $29.86M | $27.14M | $24.67M | $22.43M | $20.39M | $18.54M | $19.83M | $21.21M | $22.68M | $-1.31B | $60.48M | $-408.24M | $2.78B | $6.71B | $2.30B |
| Surprise % | - | - | - | - | - | 3.80% | - | - | - | - | - | - | - | - | 0.00% | - | - | -0.00% | 0.00% | 0.00% | -0.00% | -0.00% | 0.00% | 0.00% | 828.95% |
According to 16 Wall Street analysts, Top Ships's projected average Quarter EPS for Mar 23 is $1.43, with a low estimate of $1.43 and a high estimate of $1.43. This represents a -80.77% decrease compared to TOPS previous annual EPS of $7.43 (Dec 22).
Top Ships Peer Comparison by Price Target
TOPS Forecast FAQ
Is Top Ships a good buy?
Yes, according to 2 Wall Street analysts, Top Ships (TOPS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of TOPS's total ratings.
What is TOPS's price target?
Top Ships (TOPS) average price target is $2.5 with a range of $2.5 to $2.5, implying a -67.91% from its last price of $7.79. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Top Ships stock go up soon?
According to Wall Street analysts' prediction for TOPS stock, the company can go down by -67.91% (from the last price of $7.79 to the average price target of $2.5), down by -67.91% based on the highest stock price target, and down by -67.91% based on the lowest stock price target.
Can Top Ships stock reach $12?
TOPS's average twelve months analyst stock price target of $2.5 does not support the claim that Top Ships can reach $12 in the near future.
What are Top Ships's analysts' financial forecasts?
TOPS's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $237.94M (high $277.12M, low $198.76M), average EBITDA is $61.61M (high $70.44M, low $52.77M), average net income is $3.99M (high $4.59M, low $3.39M), average SG&A $22.59M (high $26.03M, low $19.14M), and average EPS is $1.89 (high $1.89, low $1.89).
Did the TOPS's actual financial results beat the analysts' financial forecasts?
Based on Top Ships's last annual report (Dec 2022), the company's revenue was $80.66M, which missed the average analysts forecast of $345.88M by -76.68%. Apple's EBITDA was $33.24M, missing the average prediction of $142.05M by -76.60%. The company's net income was $40.89M, missing the average estimation of $70.66M by -42.13%. Apple's SG&A was $1.62M, missing the average forecast of $34.01M by -95.24%. Lastly, the company's EPS was $3.97, beating the average prediction of $3.38 by 17.37%. In terms of the last quarterly report (Dec 2022), Top Ships's revenue was $-18.026M, missing the average analysts' forecast of $167.79M by -110.74%. The company's EBITDA was $23.49M, missing the average prediction of $101.9M by -76.95%. Top Ships's net income was $76.45M, beating the average estimation of $67.93M by 12.55%. The company's SG&A was $-83.691M, missing the average forecast of $18.35M by -556.07%. Lastly, the company's EPS was $7.43, beating the average prediction of $1.95 by 280.26%