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Grocery Outlet (GO) Stock Forecast & Price Target

$20.89
+0.14 (+0.67%)
(As of 07/16/2024 ET)

Grocery Outlet - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 10 Wall Street analysts who have issued ratings for Grocery Outlet in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 2 have given a sell rating, 4 have given a hold rating, and 4 have given a buy rating for GO.

Consensus Price Target

$28.90
38.34% Upside
High Forecast$39.00
Average Forecast$28.90
Low Forecast$20.00

According to the 10 analysts' twelve-month price targets for Grocery Outlet, the average price target is $28.90. The highest price target for GO is $39.00, while the lowest price target for GO is $20.00. The average price target represents a forecasted upside of 38.34% from the current price of $20.89.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$28.90$28.90$31.44$39.00
Forecasted Upside38.34% Upside8.15% Upside6.14% Upside27.58% Upside
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GO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Grocery Outlet Stock vs. The Competition

TypeGrocery OutletConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.20
2.43
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside38.34% Upside744.24% Upside7.54% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/10/2024TD Cowen
4 of 5 stars
 Lower TargetBuy ➝ Buy$43.00 ➝ $25.00+19.16%
5/9/2024Roth Mkm
1 of 5 stars
 Lower TargetNeutral ➝ Neutral$27.00 ➝ $22.00+5.36%
5/9/2024The Goldman Sachs Group
2 of 5 stars
 Lower TargetSell ➝ Sell$24.00 ➝ $21.00+0.57%
5/8/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$30.00 ➝ $27.00+25.99%
5/8/2024Telsey Advisory Group
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 Lower TargetOutperform$37.00 ➝ $31.00+19.69%
2/28/2024Craig Hallum
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 UpgradeHold ➝ Buy$36.00+36.00%
11/9/2023Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$27.00 ➝ $20.00-26.34%
8/9/2023Credit Suisse Group
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 Boost TargetNeutral ➝ Neutral$30.00 ➝ $33.00-4.60%
8/9/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$38.00 ➝ $39.00+10.01%
8/2/2023Jefferies Financial Group
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 Boost TargetHold ➝ Hold$30.00 ➝ $35.00+4.54%
3/2/2023Roth Capital
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W. Kirk
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Reiterated RatingNeutral
11/15/2022DA Davidson
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M. Baker
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Lower Target$39.00+23.03%
8/11/2022Cowen
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 Boost Target$45.00 ➝ $53.00+26.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:25 AM ET.

GO Forecast - Frequently Asked Questions

What is Grocery Outlet's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Grocery Outlet is $28.90, with a high forecast of $39.00 and a low forecast of $20.00.

Should I buy or sell Grocery Outlet stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GO, but not buy additional shares or sell existing shares.

Does Grocery Outlet's stock price have much upside?

According to analysts, Grocery Outlet's stock has a predicted upside of 8.15% based on their 12-month stock forecasts.

What analysts cover Grocery Outlet?

Grocery Outlet has been rated by research analysts at Roth Mkm, TD Cowen, Telsey Advisory Group, The Goldman Sachs Group, and UBS Group in the past 90 days.

Do Wall Street analysts like Grocery Outlet more than its competitors?

Analysts like Grocery Outlet less than other "consumer staples" companies. The consensus rating score for Grocery Outlet is 2.20 while the average consensus rating score for "consumer staples" companies is 2.43. Learn more on how GO compares to other companies.


This page (NASDAQ:GO) was last updated on 7/17/2024 by MarketBeat.com Staff

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