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Home โบ Stocks โบ Local Bounti Corporation (LOCL) Stock Forecast & Price Prediction United States | NYSE | Consumer Defensive | Farm Products
$2.14
+0.04 (1.90%)Did LOCL Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Local Bounti is one of their latest high-conviction picks.
Based on our analysis of 7 Wall Street analysts, LOCL has a bullish consensus with a median price target of $7.50 (ranging from $5.00 to $10.00). Currently trading at $2.14, the median forecast implies a 250.5% upside. This outlook is supported by 2 Buy, 0 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for LOCL.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Oct 31, 2023 | Deutsche Bank | Christopher Barnes | Hold | Downgrade | $1.00 |
May 26, 2023 | Oppenheimer | Colin Rusch | Outperform | Reiterates | $3.00 |
Apr 3, 2023 | Roth MKM | Brian Wright | Buy | Maintains | $3.00 |
Mar 30, 2023 | Lake Street | Ben Klieve | Buy | Maintains | $3.00 |
Mar 30, 2023 | Oppenheimer | Colin Rusch | Outperform | Maintains | $3.00 |
Mar 20, 2023 | Deutsche Bank | Steve Powers | Buy | Maintains | $2.00 |
Nov 11, 2022 | Morgan Stanley | Pamela Kaufman | Equal-Weight | Maintains | $2.75 |
Aug 16, 2022 | Morgan Stanley | Pamela Kaufman | Equal-Weight | Maintains | $4.00 |
Jun 2, 2022 | Morgan Stanley | Pamela Kaufman | Equal-Weight | Maintains | $6.00 |
Apr 20, 2022 | Morgan Stanley | Equal-Weight | Initiates | $0.00 | |
Jan 4, 2022 | Deutsche Bank | Buy | Initiates | $0.00 | |
Dec 22, 2021 | Oppenheimer | Outperform | Initiates | $0.00 | |
Dec 21, 2021 | Roth Capital | Buy | Initiates | $0.00 |
The following stocks are similar to Local Bounti based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Local Bounti Corporation has a market capitalization of $22.92M with a P/E ratio of -0.2x. The company generates $41.36M in trailing twelve-month revenue with a 10.7% profit margin.
Revenue growth is +38.4% quarter-over-quarter, while maintaining an operating margin of -135.6% and return on equity of +119.3%.
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Specializes in indoor vertical farming.
The company produces sustainable produce using controlled-environment agriculture, enabling year-round growth of leafy greens and herbs. Its innovative farming techniques reduce resource usage, making it cost-effective and environmentally friendly, while also supporting shorter supply chains.
Local Bounti addresses the increasing global demand for fresh produce and aligns with sustainability trends. Its technology-driven approach positions it as a key player in modern agricultural practices, promoting food security and reducing environmental impact.
Consumer Defensive
Farm Products
333
Ms. Kathleen Valiasek
United States
2021
Local Bounti Corporation (NYSE: LOCL) will host its Q1 2025 Earnings Conference Call on May 14, 2025, at 8:00 AM ET, featuring key executives and analysts.
Local Bounti's Q1 2025 earnings call provides insights into financial performance and strategic direction, influencing stock valuation and investor sentiment.
Local Bounti Corporation (NYSE: LOCL) will release its fiscal Q1 2025 financial results on May 14, 2025, before market opening.
Local Bounti's upcoming financial results may indicate its performance trends and outlook, influencing stock price and investor sentiment in the indoor agriculture sector.
Local Bounti Corporation reported 38% year-over-year revenue growth and reaffirmed plans for positive adjusted EBITDA by Q3 2025, driven by expanded distribution and cost management.
38% revenue growth signals strong demand and effective strategy execution. Positive EBITDA forecast enhances financial health, indicating potential profitability, which attracts investor interest.
Local Bounti Corporation (LOCL) reported a quarterly loss of $4.32 per share, significantly worse than the expected loss of $1.31, and compared to a loss of $2.89 per share a year earlier.
Local Bounti's larger-than-expected quarterly loss signals worsening financial health, potentially impacting stock performance and investor confidence negatively.
Local Bounti (LOCL) is not expected to meet key criteria for a potential earnings beat in its upcoming report. Investors should be aware of this outlook.
Local Bounti (LOCL) may underperform in its earnings report, signaling potential stock declines and affecting investor sentiment.
Local Bounti Corporation (LOCL) and Nomad Foods (NOMD) have been compared to their sector's performance year-to-date. Specific performance metrics were not provided in the excerpt.
Performance comparisons highlight how LOCL and NOMD are faring against their sector, influencing investment decisions and potential shifts in stock value based on market trends.
Based on our analysis of 7 Wall Street analysts, Local Bounti Corporation (LOCL) has a median price target of $7.50. The highest price target is $10.00 and the lowest is $5.00.
According to current analyst ratings, LOCL has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.14. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict LOCL stock could reach $7.50 in the next 12 months. This represents a 250.5% increase from the current price of $2.14. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company produces sustainable produce using controlled-environment agriculture, enabling year-round growth of leafy greens and herbs. Its innovative farming techniques reduce resource usage, making it cost-effective and environmentally friendly, while also supporting shorter supply chains.
The highest price target for LOCL is $10.00 from at , which represents a 367.3% increase from the current price of $2.14.
The lowest price target for LOCL is $5.00 from at , which represents a 133.6% increase from the current price of $2.14.
The overall analyst consensus for LOCL is bullish. Out of 7 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $7.50.
Stock price projections, including those for Local Bounti Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.