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NASDAQ: GOGL
Golden Ocean Group Ltd Stock Forecast, Predictions & Price Target

Analyst price target for GOGL

Based on 1 analyst offering 12 month price targets for Golden Ocean Group Ltd.
Min Forecast
$11.00-1.96%
Avg Forecast
$11.00-1.96%
Max Forecast
$11.00-1.96%

Should I buy or sell GOGL stock?

Based on 1 analyst offering ratings for Golden Ocean Group Ltd.
Strong Buy
Strong Buy
1 analysts 100%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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GOGL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-10-24Find Out Why

1 of 1

Forecast return on equity

Is GOGL forecast to generate an efficient return?
Company
N/A
Industry
1.51%
Market
35.26%

Forecast return on assets

Is GOGL forecast to generate an efficient return on assets?
Company
N/A
Industry
0.84%

GOGL revenue forecast

What is GOGL's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$730.1M-17.14%
Avg 2 year Forecast
$733.8M-16.72%
GOGL's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

GOGL earnings growth forecast

How is GOGL forecast to perform vs Marine Shipping companies and vs the US market?
Company
196.72%
Industry
61.23%
Market
73.41%
GOGL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
GOGL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
GOGL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

GOGL revenue growth forecast

How is GOGL forecast to perform vs Marine Shipping companies and vs the US market?
Company
-17.14%
Industry
-2.27%
Market
46.14%
GOGL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
GOGL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

GOGL vs Shipping Stocks

TickerPricePrice TargetUp/downsideConsensus
GOGL$11.22$11.00-1.96%Strong Buy
SBLK$22.65$53.50+136.20%Strong Buy
SFL$12.94N/AN/A
ZIM$12.46$10.43-16.33%Hold
DAC$72.28$90.00+24.52%Strong Buy

Golden Ocean Group Stock Forecast FAQ

Is Golden Ocean Group Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 1 Wall Street analyst covering (NASDAQ: GOGL) stock is to Strong Buy GOGL stock.

Out of 1 analyst, 1 (100%) are recommending GOGL as a Strong Buy, 0 (0%) are recommending GOGL as a Buy, 0 (0%) are recommending GOGL as a Hold, 0 (0%) are recommending GOGL as a Sell, and 0 (0%) are recommending GOGL as a Strong Sell.

If you're new to stock investing, here's how to buy Golden Ocean Group stock.

What is GOGL's revenue growth forecast for 2024-2025?

(NASDAQ: GOGL) Golden Ocean Group's forecast annual revenue growth rate of -17.14% is not forecast to beat the US Marine Shipping industry's average forecast revenue growth rate of -2.27%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 46.14%.

Golden Ocean Group's revenue in 2024 is $881,121,000.On average, 1 Wall Street analysts forecast GOGL's revenue for 2024 to be $145,740,631,588, with the lowest GOGL revenue forecast at $145,740,631,588, and the highest GOGL revenue forecast at $145,740,631,588.

In 2025, GOGL is forecast to generate $146,481,252,555 in revenue, with the lowest revenue forecast at $146,481,252,555 and the highest revenue forecast at $146,481,252,555.

What is GOGL's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: GOGL) forecast ROA is N/A, which is lower than the forecast US Marine Shipping industry average of 0.84%.

What is GOGL's Price Target?

According to 1 Wall Street analyst that have issued a 1 year GOGL price target, the average GOGL price target is $11.00, with the highest GOGL stock price forecast at $11.00 and the lowest GOGL stock price forecast at $11.00.

The Wall Street analyst predicted that Golden Ocean Group's share price could fall to $11.00 by Oct 24, 2024. The average Golden Ocean Group stock price prediction forecasts a potential downside of 1.96% from the current GOGL share price of $11.22.

What is GOGL's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: GOGL) forecast ROE is N/A, which is considered weak.
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