| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 10/31/2023 | -20.63% | Deutsche Bank | $6 → $1 | Downgrades | Buy → Hold |
| 05/26/2023 | 138.1% | Oppenheimer | → $3 | Reiterates | Outperform → Outperform |
| 04/03/2023 | 138.1% | Roth MKM | $6 → $3 | Maintains | Buy |
| 03/30/2023 | 138.1% | Lake Street | $10.5 → $3 | Maintains | Buy |
| 03/30/2023 | 138.1% | Oppenheimer | $13 → $3 | Maintains | Outperform |
| 03/20/2023 | 58.73% | Deutsche Bank | $9 → $2 | Maintains | Buy |
| 11/11/2022 | 118.25% | Morgan Stanley | $4 → $2.75 | Maintains | Equal-Weight |
| 08/16/2022 | 217.46% | Morgan Stanley | $6 → $4 | Maintains | Equal-Weight |
| 06/02/2022 | 376.19% | Morgan Stanley | $8.5 → $6 | Maintains | Equal-Weight |
| 04/20/2022 | 574.6% | Morgan Stanley | → $8.5 | Initiates Coverage On | → Equal-Weight |
| 01/04/2022 | 614.29% | Deutsche Bank | → $9 | Initiates Coverage On | → Buy |
| 12/22/2021 | 773.02% | Oppenheimer | → $11 | Initiates Coverage On | → Outperform |
| 12/21/2021 | 534.92% | Roth Capital | → $8 | Initiates Coverage On | → Buy |
What is the target price for Local Bounti (LOCL)?
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 -20.63% downside). 7 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Local Bounti (LOCL)?
The latest analyst rating for Local Bounti (NYSE: LOCL) was provided by Deutsche Bank, and Local Bounti downgraded their hold rating.
When is the next analyst rating going to be posted or updated for Local Bounti (LOCL)?
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.
Is the Analyst Rating Local Bounti (LOCL) correct?
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 $1.26, which is out of the analyst's predicted range.