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NASDAQ: GO
Grocery Outlet Holding Corp Stock Forecast, Predictions & Price Target

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Analyst price target for GO

Based on 8 analysts offering 12 month price targets for Grocery Outlet Holding Corp.
Min Forecast
$26.00-21.57%
Avg Forecast
$41.75+25.94%
Max Forecast
$51.00+53.85%

Should I buy or sell GO stock?

Based on 9 analysts offering ratings for Grocery Outlet Holding Corp.
Buy
Strong Buy
3 analysts 33.33%
Buy
2 analysts 22.22%
Hold
3 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
1 analysts 11.11%

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GO stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Bottom 1%
1
Strong SellDowngrades$33.00-0.45%2022-08-23
Deutsche Bank
Top 31%
70
Strong BuyMaintains$51.00+53.85%2022-08-10
Goldman Sachs
Bottom 6%
6
Strong BuyMaintains$49.00+47.81%2022-08-10
Telsey Advisory Group
Bottom 20%
20
BuyMaintains$50.00+50.83%2022-08-10
DA Davidson
Top 2%
99
HoldDowngrades$43.00+29.71%2022-07-06
Cowen & Co.
Bottom 12%
12
BuyMaintains$45.00+35.75%2022-06-10
R5 Capital
Bottom 30%
30
HoldUpgradesN/AN/A2022-05-12
Bank of America
Top 16%
85
Strong BuyUpgrades$37.00+11.61%2022-04-29
MKM Partners
Bottom 8%
8
HoldMaintains$26.00-21.57%2021-11-10

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Forecast return on equity

Is GO forecast to generate an efficient return?
Company
10.18%
Industry
26.62%
Market
121.65%
GO's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is GO forecast to generate an efficient return on assets?
Company
3.99%
Industry
5.44%
GO is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

GO earnings per share forecast

What is GO's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$0.78+34.48%
Avg 2 year Forecast
$0.94+62.07%
Avg 3 year Forecast
$1.00+72.41%
GO's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

GO revenue forecast

What is GO's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$3.5B+6.01%
Avg 2 year Forecast
$3.9B+17.74%
Avg 3 year Forecast
$4.3B+30.85%
GO's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

GO earnings growth forecast

How is GO forecast to perform vs Grocery Stores companies and vs the US market?
Company
22.05%
Industry
4.1%
Market
16.67%
GO's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
GO's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
GO's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

GO revenue growth forecast

How is GO forecast to perform vs Grocery Stores companies and vs the US market?
Company
9.27%
Industry
2.52%
Market
8.48%
GO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
GO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

GO vs Grocery Store Stocks

TickerPricePrice TargetUp/downsideConsensus
GO$33.15$41.75+25.94%Buy
SFM$28.03$26.75-4.57%Hold
WMK$72.53N/AN/A
DNUT$11.46$15.86+38.37%Buy
IMKTA$79.62N/AN/AStrong Buy

Grocery Outlet Holding Stock Forecast FAQ

Is Grocery Outlet Holding Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NASDAQ: GO) stock is to Buy GO stock.

Out of 9 analysts, 3 (33.33%) are recommending GO as a Strong Buy, 2 (22.22%) are recommending GO as a Buy, 3 (33.33%) are recommending GO as a Hold, 0 (0%) are recommending GO as a Sell, and 1 (11.11%) are recommending GO as a Strong Sell.

If you're new to stock investing, here's how to buy Grocery Outlet Holding stock.

What is GO's earnings growth forecast for 2022-2024?

(NASDAQ: GO) Grocery Outlet Holding's forecast annual earnings growth rate of 22.05% is forecast to beat the US Grocery Stores industry's average forecast earnings growth rate of 4.1%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 16.67%.

Grocery Outlet Holding's earnings in 2022 is $55,446,000.On average, 6 Wall Street analysts forecast GO's earnings for 2022 to be $75,605,745, with the lowest GO earnings forecast at $72,697,832, and the highest GO earnings forecast at $77,544,354. On average, 6 Wall Street analysts forecast GO's earnings for 2023 to be $91,114,615, with the lowest GO earnings forecast at $87,237,398, and the highest GO earnings forecast at $94,022,529.

In 2024, GO is forecast to generate $96,930,442 in earnings, with the lowest earnings forecast at $96,930,442 and the highest earnings forecast at $96,930,442.

What is GO's revenue growth forecast for 2022-2024?

(NASDAQ: GO) Grocery Outlet Holding's forecast annual revenue growth rate of 9.27% is forecast to beat the US Grocery Stores industry's average forecast revenue growth rate of 2.52%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.48%.

Grocery Outlet Holding's revenue in 2022 is $3,280,667,000.On average, 4 Wall Street analysts forecast GO's revenue for 2022 to be $337,104,206,535, with the lowest GO revenue forecast at $336,348,633,740, and the highest GO revenue forecast at $337,606,790,877. On average, 4 Wall Street analysts forecast GO's revenue for 2023 to be $374,414,672,270, with the lowest GO revenue forecast at $369,498,844,904, and the highest GO revenue forecast at $379,600,935,569.

In 2024, GO is forecast to generate $416,087,977,199 in revenue, with the lowest revenue forecast at $410,307,530,290 and the highest revenue forecast at $421,868,424,108.

What is GO's forecast return on assets (ROA) for 2022-2025?

(NASDAQ: GO) forecast ROA is 3.99%, which is lower than the forecast US Grocery Stores industry average of 5.44%.

What is GO's Price Target?

According to 8 Wall Street analysts that have issued a 1 year GO price target, the average GO price target is $41.75, with the highest GO stock price forecast at $51.00 and the lowest GO stock price forecast at $26.00.

On average, Wall Street analysts predict that Grocery Outlet Holding's share price could reach $41.75 by Aug 23, 2023. The average Grocery Outlet Holding stock price prediction forecasts a potential upside of 25.94% from the current GO share price of $33.15.

What is GO's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: GO) Grocery Outlet Holding's current Earnings Per Share (EPS) is $0.58. On average, analysts forecast that GO's EPS will be $0.78 for 2022, with the lowest EPS forecast at $0.75, and the highest EPS forecast at $0.80. On average, analysts forecast that GO's EPS will be $0.94 for 2023, with the lowest EPS forecast at $0.90, and the highest EPS forecast at $0.97. In 2024, GO's EPS is forecast to hit $1.00 (min: $1.00, max: $1.00).

What is GO's forecast return on equity (ROE) for 2022-2025?

(NASDAQ: GO) forecast ROE is 10.18%, which is considered weak.
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