NYSE:LOCL

Local Bounti - LOCL Price Target & Analyst Ratings

$0.37

-0.09 (-19.49%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: $0.37
▼
$0.48
50-Day Range: $0.35
▼
$1.15
52-Week Range: $0.30
▼
$9.66

Volume: 408,975 shs
Average Volume: 396,510 shs
Market Capitalization: $38.54 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.38

Institutional Ownership

Local Bounti Consensus Rating and Price Target (2023)

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 Analyst Rating

Moderate Buy
Based on 2 Analyst Ratings

Consensus Analyst Price Target

$2.38
538.96% Upside

High Prediction	$2.75
Average Prediction	$2.38
Low Prediction	$2.00

Type	Current 3/26/22 to 3/26/23	1 Month Ago 2/24/22 to 2/24/23	3 Months Ago 12/26/21 to 12/26/22	1 Year Ago 3/26/21 to 3/26/22
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2.38	$2.75	$5.88	$9.33
Predicted Upside	538.96% Upside	-2.14% Downside	19.78% Upside	43.81% Upside

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LOCL Analyst Ratings 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.

LOCL 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.

Local Bounti Stock vs. The Competition

Type	Local Bounti	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.50	2.47	2.47
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	538.96% Upside	794.77% Upside	23.66% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/20/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$9.00 ➝ $2.00	+170.27%
11/11/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight	$4.00 ➝ $2.75	-2.14%
12/21/2021	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$11.00	+82.42%
12/21/2021	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$8.00	+24.22%

(Data available from 3/26/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

LOCL Price Target - Frequently Asked Questions

What is Local Bounti's consensus rating and price target?: According to the issued ratings of 2 analysts in the last year, the consensus rating for Local Bounti stock is Moderate Buy based on the current 1 hold rating and 1 buy rating for LOCL. The average twelve-month price prediction for Local Bounti is $2.38 with a high price target of $2.75 and a low price target of $2.00. Learn more on LOCL's analyst rating history.
Do Wall Street analysts like Local Bounti more than its competitors?: Analysts like Local Bounti more than other Consumer Staples companies. The consensus rating for Local Bounti is Moderate Buy while the average consensus rating for consumer staples companies is Hold. Learn more on how LOCL compares to other companies.
Does Local Bounti's stock price have much upside?: According to analysts, Local Bounti's stock has a predicted upside of 33.80% based on their 12-month price targets.

What analysts cover Local Bounti?: Local Bounti has been rated by Deutsche Bank Aktiengesellschaft in the past 90 days.

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This page (NYSE:LOCL) was last updated on 3/26/2023 by MarketBeat.com Staff

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