$8.77
1.13% today
Nasdaq, Dec 30, 10:00 pm CET
ISIN
BMG396372051
Symbol
GOGL

Golden Ocean Group Ltd Target price 2024 - Analyst rating & recommendation

Golden Ocean Group Ltd Classifications & Recommendation:

Buy
64%
Hold
27%
Sell
9%

Golden Ocean Group Ltd Price Target

Target Price $14.09
Price $8.77
Potential
Number of Estimates 10
10 Analysts have issued a price target Golden Ocean Group Ltd 2025 . The average Golden Ocean Group Ltd target price is $14.09. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 7 Analysts recommend Golden Ocean Group Ltd to buy, 3 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Golden Ocean Group Ltd stock has an average upside potential 2025 of . Most analysts recommend the Golden Ocean Group Ltd stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 885.77 778.91
20.45% 12.06%
EBITDA Margin 36.89% 60.08%
22.67% 62.87%
Net Margin 12.65% 30.46%
69.39% 140.86%

11 Analysts have issued a sales forecast Golden Ocean Group Ltd 2024 . The average Golden Ocean Group Ltd sales estimate is

$779m
Unlock
. This is
23.01% lower
Unlock
than the revenue of the last 12 months(TTM). The highest sales forecast is
$804m 20.53%
Unlock
, the lowest is
$756m 25.30%
Unlock
.

This results in the following potential growth metrics:

Revenue Estimates

2023 $886m 20.45%
2024
$779m 12.06%
Unlock
2025
$805m 3.33%
Unlock
2026
$902m 12.06%
Unlock

11 Analysts have issued an Golden Ocean Group Ltd EBITDA forecast 2024. The average Golden Ocean Group Ltd EBITDA estimate is

$468m
Unlock
. This is
3.99% lower
Unlock
than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$492m 0.94%
Unlock
, the lowest is
$448m 8.11%
Unlock
.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $327m 38.48%
2024
$468m 43.22%
Unlock
2025
$506m 8.09%
Unlock
2026
$614m 21.37%
Unlock
2027
$412m 32.85%
Unlock

EBITDA Margin

2023 36.89% 22.67%
2024
60.08% 62.87%
Unlock
2025
62.85% 4.61%
Unlock
2026
68.07% 8.31%
Unlock

9 Golden Ocean Group Ltd Analysts have issued a net profit forecast 2024. The average Golden Ocean Group Ltd net profit estimate is

$237m
Unlock
. This is
1.97% lower
Unlock
than the net profit for the last 12 months(TTM). The highest net profit forecast is
$248m 2.48%
Unlock
, the lowest is
$224m 7.44%
Unlock
.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $112m 75.65%
2024
$237m 111.83%
Unlock
2025
$315m 32.80%
Unlock
2026
$438m 39.00%
Unlock

Net Margin

2023 12.65% 69.39%
2024
30.46% 140.86%
Unlock
2025
39.15% 28.53%
Unlock
2026
48.56% 24.04%
Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.56 1.19
75.65% 112.50%
P/E 7.48
EV/Sales 3.93

9 Analysts have issued a Golden Ocean Group Ltd forecast for earnings per share. The average Golden Ocean Group Ltd <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.19
Unlock
. This is
1.65% lower
Unlock
than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.24 2.48%
Unlock
, the lowest is
$1.12 7.44%
Unlock
.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.56 75.65%
2024
$1.19 112.50%
Unlock
2025
$1.58 32.77%
Unlock
2026
$2.19 38.61%
Unlock

P/E ratio

Current 7.33 53.78%
2024
7.48 2.05%
Unlock
2025
5.63 24.73%
Unlock
2026
4.05 28.06%
Unlock

Based on analysts' sales estimates for 2024, the Golden Ocean Group Ltd stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.03 21.09%
2024
3.93 29.67%
Unlock
2025
3.80 3.22%
Unlock
2026
3.39 10.77%
Unlock

P/S ratio

Current 1.75 20.47%
2024
2.28 29.88%
Unlock
2025
2.20 3.22%
Unlock
2026
1.97 10.76%
Unlock

Register for Free

StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.

The Apple stock at a glance with charts, current key metrics, news and stock analyses.
The Best Dividend Stocks in the Dividend Top Scorer list.
Stock Analyses of the Best Stocks Worldwide.
Start building wealth today