Grocery Outlet (GO) Stock Forecast & Price Target

$17.67

+0.59 (+3.45%)

(As of 09/27/2024 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

Hold

Based on 10 Analyst Ratings

Sell
2

Hold
4

Buy
4

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, 3 have given a buy rating, and 1 has given a strong buy rating for GO.

Consensus Price Target

$22.11
25.13% Upside

According to the 10 analysts' twelve-month price targets for Grocery Outlet, the average price target is $22.11. The highest price target for GO is $28.00, while the lowest price target for GO is $17.00. The average price target represents a forecasted upside of 25.13% from the current price of $17.67.

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GO Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$22.11	$22.75	$28.90	$35.11
Forecasted Upside	25.13% Upside	23.37% Upside	30.65% Upside	21.70% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Grocery Outlet Stock vs. The Competition

Type	Grocery Outlet	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.30	2.44	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	25.13% Upside	484.92% Upside	6.14% Upside
News Sentiment Rating	Neutral News See Recent GO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/23/2024	Melius Research 0 of 5 stars	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$17.00	+4.68%
8/7/2024	Roth Capital 3 of 5 stars	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
8/7/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$27.00 ➝ $21.00	+5.47%
8/7/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$22.00 ➝ $20.00	+0.45%
8/7/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$31.00 ➝ $27.00	+45.63%
7/31/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Hamblin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$32.00 ➝ $20.00	-5.08%
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7/18/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Bonadio Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$28.00	+32.14%
5/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$43.00 ➝ $25.00	+19.16%
5/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$24.00 ➝ $21.00	+0.57%
11/9/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$27.00 ➝ $20.00	-26.34%
8/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$30.00 ➝ $33.00	-4.60%
8/9/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$38.00 ➝ $39.00	+10.01%
8/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$30.00 ➝ $35.00	+4.54%
11/15/2022	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$39.00	+23.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:39 AM ET.

GO Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Grocery Outlet is $22.11, with a high forecast of $28.00 and a low forecast of $17.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 2 sell ratings, 4 hold ratings, 3 buy ratings and 1 strong buy rating 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.
: According to analysts, Grocery Outlet's stock has a predicted upside of 25.13% based on their 12-month stock forecasts.
: Over the previous 90 days, Grocery Outlet's stock had 1 upgrade and 1 downgrade by analysts.
: Grocery Outlet has been rated by research analysts at Craig Hallum, Melius Research, Roth Capital, Roth Mkm, Telsey Advisory Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Grocery Outlet less than other "consumer staples" companies. The consensus rating score for Grocery Outlet is 2.30 while the average consensus rating score for "consumer staples" companies is 2.44. Learn more on how GO compares to other companies.

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This page (NASDAQ:GO) was last updated on 9/28/2024 by MarketBeat.com Staff

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