WallStreetZenWallStreetZen

NYSE: LOCL
Local Bounti Corporation Stock Forecast, Predictions & Price Target

Analyst price target for LOCL

Based on 1 analyst offering 12 month price targets for Local Bounti Corporation.
Min Forecast
$1.00-53.27%
Avg Forecast
$1.00-53.27%
Max Forecast
$1.00-53.27%

Should I buy or sell LOCL stock?

Based on 1 analyst offering ratings for Local Bounti Corporation.
Hold
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
1 analysts 100%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their LOCL stock forecasts and price targets.

LOCL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-10-31

1 of 1

Forecast return on equity

Is LOCL forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
20.28%

Forecast return on assets

Is LOCL forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

LOCL revenue forecast

What is LOCL's revenue in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$54.0M+95.96%
Avg 2 year Forecast
$87.3M+216.8%
Avg 3 year Forecast
$157.3M+470.82%
LOCL's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

LOCL revenue growth forecast

How is LOCL forecast to perform vs Farm Products companies and vs the US market?
Company
90.05%
Industry
-0.59%
Market
9.42%
LOCL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
LOCL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

LOCL vs Farm Stocks

TickerPricePrice TargetUp/downsideConsensus
LOCL$2.14$1.00-53.27%Hold
SANW$0.41N/AN/A
NMHI$0.97N/AN/A
AQB$1.75N/AN/A
DTCK$1.27N/AN/A

Local Bounti Corporation Stock Forecast FAQ

Is Local Bounti Corporation Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 1 Wall Street analyst covering (NYSE: LOCL) stock is to Hold LOCL stock.

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

If you're new to stock investing, here's how to buy Local Bounti Corporation stock.

What is LOCL's revenue growth forecast for 2024-2026?

(NYSE: LOCL) Local Bounti Corporation's forecast annual revenue growth rate of 90.05% is forecast to beat the US Farm Products industry's average forecast revenue growth rate of -0.59%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.42%.

Local Bounti Corporation's revenue in 2024 is $27,557,000.On average, 1 Wall Street analysts forecast LOCL's revenue for 2024 to be $455,627,268, with the lowest LOCL revenue forecast at $455,627,268, and the highest LOCL revenue forecast at $455,627,268. On average, 1 Wall Street analysts forecast LOCL's revenue for 2025 to be $736,597,417, with the lowest LOCL revenue forecast at $736,597,417, and the highest LOCL revenue forecast at $736,597,417.

In 2026, LOCL is forecast to generate $1,327,225,357 in revenue, with the lowest revenue forecast at $1,327,225,357 and the highest revenue forecast at $1,327,225,357.

What is LOCL's forecast return on assets (ROA) for 2024-2026?

(NYSE: LOCL) forecast ROA is N/A, which is lower than the forecast US Farm Products industry average of N/A.

What is LOCL's Price Target?

According to 1 Wall Street analyst that have issued a 1 year LOCL price target, the average LOCL price target is $1.00, with the highest LOCL stock price forecast at $1.00 and the lowest LOCL stock price forecast at $1.00.

The Wall Street analyst predicted that Local Bounti Corporation's share price could fall to $1.00 by Oct 31, 2024. The average Local Bounti Corporation stock price prediction forecasts a potential downside of 53.27% from the current LOCL share price of $2.14.

What is LOCL's forecast return on equity (ROE) for 2024-2026?

(NYSE: LOCL) forecast ROE is N/A, which is considered weak.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.