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Local Bounti

LOCLNYSE
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$1.75
0.042.34%
At close: -
$1.85
0.15.71%
After Hours: Nov 20, 9:12 AM EDT
Consensus Rating1
Buy
Highest Price Target1
$8.00
Lowest Price Target1
$1.00
Consensus Price Target1
$3.25

Local Bounti (NYSE:LOCL) Stock, Analyst Ratings, Price Targets, Forecasts

Local Bounti Corp has a consensus price target of $3.25 based on the ratings of 7 analysts. The high is $8 issued by Roth Capital on December 21, 2021. The low is $1 issued by Deutsche Bank on October 31, 2023. The 3 most-recent analyst ratings were released by Deutsche Bank, Oppenheimer, and Roth MKM on October 31, 2023, May 26, 2023, and April 3, 2023, respectively. With an average price target of $2.33 between Deutsche Bank, Oppenheimer, and Roth MKM, there's an implied 26.13% upside for Local Bounti Corp from these most-recent analyst ratings.

Analyst Rating and Forecast
12345
3.4
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Deutsche Bank
Oppenheimer
Roth MKM
Lake Street
Deutsche Bank

1calculated from analyst ratings

Analyst Ratings for Local Bounti

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Local Bounti (LOCL) stock?

A

The latest price target for Local Bounti (NYSE:LOCL) was reported by Deutsche Bank on October 31, 2023. The analyst firm set a price target for $1.00 expecting LOCL to fall to within 12 months (a possible -45.95% downside). 0 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Local Bounti (LOCL)?

A

The latest analyst rating for Local Bounti (NYSE:LOCL) was provided by Deutsche Bank, and Local Bounti downgraded their hold rating.

Q

When was the last upgrade for Local Bounti (LOCL)?

A

There is no last upgrade for Local Bounti

Q

When was the last downgrade for Local Bounti (LOCL)?

A

The last downgrade for Local Bounti Corp happened on October 31, 2023 when Deutsche Bank changed their price target from $6 to $1 for Local Bounti Corp.

Q

When is the next analyst rating going to be posted or updated for Local Bounti (LOCL)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Local Bounti, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Local Bounti was filed on October 31, 2023 so you should expect the next rating to be made available sometime around October 31, 2024.

Q

Is the Analyst Rating Local Bounti (LOCL) correct?

A

While ratings are subjective and will change, the latest Local Bounti (LOCL) rating was a downgraded with a price target of $6.00 to $1.00. The current price Local Bounti (LOCL) is trading at is $1.85, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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