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Golden Ocean Group (GOGL) Stock Forecast & Price Target

Golden Ocean Group logo
$8.97 +0.26 (+2.99%)
(As of 05:45 PM ET)

Golden Ocean Group - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
0
Hold
3
Buy
0

Based on 3 Wall Street analysts who have issued ratings for Golden Ocean Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 3 have given a hold rating for GOGL.

Consensus Price Target

$12.25
36.57% Upside
According to the 3 analysts' twelve-month price targets for Golden Ocean Group, the average price target is $12.25. The highest price target for GOGL is $12.50, while the lowest price target for GOGL is $12.00. The average price target represents a forecasted upside of 36.57% from the current price of $8.97.
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GOGL Analyst Ratings Over Time

TypeCurrent Forecast
12/24/23 to 12/23/24
1 Month Ago
11/24/23 to 11/23/24
3 Months Ago
9/25/23 to 9/24/24
1 Year Ago
12/24/22 to 12/24/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$12.25$13.50$14.50$10.50
Forecasted Upside36.57% Upside21.18% Upside10.86% Upside7.80% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

GOGL 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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GOGL 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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Golden Ocean Group Stock vs. The Competition

TypeGolden Ocean GroupTransportation CompaniesS&P 500
Consensus Rating Score
2.00
2.61
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside36.72% Upside42.35% Upside14.68% Upside
News Sentiment Rating
Neutral News

See Recent GOGL News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/27/2024Jefferies Financial Group
2 of 5 stars
 Lower TargetHold ➝ Hold$12.50 ➝ $12.00+10.50%
11/21/2024Pareto Securities
3 of 5 stars
 Reiterated RatingBuy ➝ Hold$12.50+11.71%
1/5/2024BTIG Research
2 of 5 stars
 Reiterated RatingBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:22 AM ET.


GOGL Forecast - Frequently Asked Questions

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Golden Ocean Group is $12.25, with a high forecast of $12.50 and a low forecast of $12.00.

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Golden Ocean Group in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GOGL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GOGL, but not buy additional shares or sell existing shares.

According to analysts, Golden Ocean Group's stock has a predicted upside of 36.57% based on their 12-month stock forecasts.

Golden Ocean Group has been rated by research analysts at Jefferies Financial Group, and Pareto Securities in the past 90 days.

Analysts like Golden Ocean Group less than other "transportation" companies. The consensus rating for Golden Ocean Group is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how GOGL compares to other companies.


This page (NASDAQ:GOGL) was last updated on 12/23/2024 by MarketBeat.com Staff
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