Local Bounti (LOCL) Stock Forecast, Price Target & Predictions
LOCL Stock Forecast
Local Bounti (LOCL) stock forecast, based on 6 Wall Street analysts, predicts a 12-month average price target of $1,436.50, with a high of $1,436.50 and a low of $1,436.50. This represents a 48760.54% increase from the last price of $2.94.
LOCL Stock Rating
Local Bounti stock's rating consensus is Buy, based on 6 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 4 Buy (66.67%), 2 Hold (33.33%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).
Buy
LOCL Price Target Upside V Benchmarks
| Type | Name | Upside |
|---|---|---|
| Stock | Local Bounti | 48760.54% |
| Sector | Consumer Defensive Stocks | 14.30% |
| Industry | Farm Stocks | 84.74% |
Price Target Trends
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $2.94 | $2.94 | $2.94 |
| Upside/Downside | - | - | - |
Ratings Trends
| Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
|---|---|---|---|---|---|---|
| Oct, 25 | - | 2 | - | - | - | 2 |
| Sep, 25 | - | 2 | - | - | - | 2 |
| Aug, 25 | - | 2 | - | - | - | 2 |
| Jul, 25 | - | 2 | - | - | - | 2 |
| Jun, 25 | - | 2 | - | - | - | 2 |
Analyst Price Target Forecasts
| 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% | 48760.54% |
Analyst Rating Forecasts
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2023 | Deutsche Bank | Hold | downgrade |
Financial Forecast
EPS Forecast
Annual
| Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | Dec 27 | |
|---|---|---|---|---|---|---|---|
| Reported | $-8.40 | $-12.62 | $-15.61 | $-0.01 | - | - | - |
| Avg Forecast | $-4.71 | $-15.33 | $-9.59 | $-12.42 | $-6.16 | $-3.76 | $-4.08 |
| High Forecast | $-4.48 | $-14.49 | $-8.93 | $-11.56 | $-5.74 | $-2.88 | $-3.80 |
| Low Forecast | $-4.94 | $-16.18 | $-10.24 | $-13.27 | $-6.58 | $-4.63 | $-4.36 |
| Surprise % | 78.34% | -17.68% | 62.77% | -99.92% | - | - | - |
Revenue Forecast
Annual
| Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | Dec 27 | |
|---|---|---|---|---|---|---|---|
| Reported | $638.00K | $19.47M | $27.56M | $38.14M | - | - | - |
| Avg Forecast | $860.76K | $20.26M | $29.40M | $39.00M | $80.90M | $131.10M | $150.00M |
| High Forecast | $892.80K | $21.12M | $30.95M | $41.06M | $85.16M | $138.01M | $157.91M |
| Low Forecast | $828.75K | $19.40M | $27.85M | $36.94M | $76.64M | $124.19M | $142.09M |
| Surprise % | -25.88% | -3.88% | -6.27% | -2.21% | - | - | - |
Net Income Forecast
Annual
| Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | Dec 26 | Dec 27 | |
|---|---|---|---|---|---|---|---|
| Reported | $-55.78M | $-100.64M | $-124.02M | $-119.90M | - | - | - |
| Avg Forecast | $-37.42M | $-121.80M | $-76.14M | $-98.62M | $-48.93M | $-29.83M | $-32.41M |
| High Forecast | $-35.61M | $-115.08M | $-70.93M | $-91.87M | $-45.58M | $-22.88M | $-30.19M |
| Low Forecast | $-39.23M | $-128.53M | $-81.36M | $-105.38M | $-52.29M | $-36.78M | $-34.63M |
| Surprise % | 49.06% | -17.37% | 62.87% | 21.58% | - | - | - |