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

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Analyst price target for LOCL

Based on 4 analysts offering 12 month price targets for Local Bounti Corporation.
Min Forecast
$2.75+29.11%
Avg Forecast
$7.69+260.94%
Max Forecast
$11.00+416.43%

Should I buy or sell LOCL stock?

Based on 4 analysts offering ratings for Local Bounti Corporation.
Strong Buy
Strong Buy
2 analysts 50%
Buy
1 analysts 25%
Hold
1 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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LOCL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Top 21%
80
HoldMaintains$2.75+29.11%2022-11-11
Anonymous
Morgan Stanley
HoldMaintains$6.00+181.69%2022-06-02
Deutsche Bank
Bottom 27%
27
Strong BuyInitiates Coverage On$9.00+322.54%2022-01-04
Oppenheimer
Top 7%
94
BuyInitiates Coverage On$11.00+416.43%2021-12-22
Roth Capital
Bottom 15%
15
Strong BuyInitiates Coverage On$8.00+275.59%2021-12-21

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Forecast return on equity

Is LOCL forecast to generate an efficient return?
Company
49.52%
Industry
14.39%
Market
62.68%
LOCL's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is LOCL forecast to generate an efficient return on assets?
Company
22.54%
Industry
5.94%
LOCL is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

LOCL earnings per share forecast

What is LOCL's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
-$1.22-258.44%
Avg 2 year Forecast
-$0.86-211.69%
Avg 3 year Forecast
-$0.39-150.65%

LOCL revenue forecast

What is LOCL's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$22.0M+67.01%
Avg 2 year Forecast
$66.3M+404.33%
Avg 3 year Forecast
$247.0M+1,778.25%
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
157.4%
Industry
-0.5%
Market
6.67%
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$2.13$7.69+260.94%Strong Buy
LMNR$12.48$16.00+28.21%Strong Buy
ALCO$27.59$40.00+44.98%Strong Buy
AFRI$11.22N/AN/A
VFF$1.74$9.08+422.01%Strong Buy

Local Bounti Corporation Stock Forecast FAQ

Is Local Bounti Corporation Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: LOCL) stock is to Strong Buy LOCL stock.

Out of 4 analysts, 2 (50%) are recommending LOCL as a Strong Buy, 1 (25%) are recommending LOCL as a Buy, 1 (25%) 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 earnings growth forecast for 2022-2024?

(NYSE: LOCL) Local Bounti Corporation's forecast annual earnings growth rate of N/A is not forecast to beat the US Farm Products industry's average forecast earnings growth rate of -9.82%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.05%.

Local Bounti Corporation's earnings in 2022 is -$112,810,000.On average, 3 Wall Street analysts forecast LOCL's earnings for 2022 to be -$126,484,685, with the lowest LOCL earnings forecast at -$133,742,003, and the highest LOCL earnings forecast at -$119,227,367. On average, 4 Wall Street analysts forecast LOCL's earnings for 2023 to be -$89,161,335, with the lowest LOCL earnings forecast at -$116,117,088, and the highest LOCL earnings forecast at -$62,205,583.

In 2024, LOCL is forecast to generate -$40,433,629 in earnings, with the lowest earnings forecast at -$73,609,939 and the highest earnings forecast at $35,249,830.

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

(NYSE: LOCL) Local Bounti Corporation's forecast annual revenue growth rate of 157.4% is forecast to beat the US Farm Products industry's average forecast revenue growth rate of -0.5%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 6.67%.

Local Bounti Corporation's revenue in 2022 is $13,150,000.On average, 4 Wall Street analysts forecast LOCL's revenue for 2022 to be $2,276,931,675, with the lowest LOCL revenue forecast at $2,260,136,168, and the highest LOCL revenue forecast at $2,291,342,635. On average, 4 Wall Street analysts forecast LOCL's revenue for 2023 to be $6,875,686,721, with the lowest LOCL revenue forecast at $6,407,175,008, and the highest LOCL revenue forecast at $7,529,985,774.

In 2024, LOCL is forecast to generate $25,606,928,077 in revenue, with the lowest revenue forecast at $20,936,532,936 and the highest revenue forecast at $30,750,292,999.

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

(NYSE: LOCL) forecast ROA is 22.54%, which is higher than the forecast US Farm Products industry average of 5.94%.

What is LOCL's Price Target?

According to 4 Wall Street analysts that have issued a 1 year LOCL price target, the average LOCL price target is $7.69, with the highest LOCL stock price forecast at $11.00 and the lowest LOCL stock price forecast at $2.75.

On average, Wall Street analysts predict that Local Bounti Corporation's share price could reach $7.69 by Nov 11, 2023. The average Local Bounti Corporation stock price prediction forecasts a potential upside of 260.94% from the current LOCL share price of $2.13.

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

(NYSE: LOCL) Local Bounti Corporation's current Earnings Per Share (EPS) is $0.77. On average, analysts forecast that LOCL's EPS will be -$1.22 for 2022, with the lowest EPS forecast at -$1.29, and the highest EPS forecast at -$1.15. On average, analysts forecast that LOCL's EPS will be -$0.86 for 2023, with the lowest EPS forecast at -$1.12, and the highest EPS forecast at -$0.60. In 2024, LOCL's EPS is forecast to hit -$0.39 (min: -$0.71, max: $0.34).

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

(NYSE: LOCL) forecast ROE is 49.52%, which is considered strong.
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