In a report released today, Kristen Owen from Oppenheimer maintained a Buy rating on Local Bounti Corporation (LOCL – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $1.24.
According to TipRanks, Owen is a 4-star analyst with an average return of 5.8% and a 43.48% success rate. Owen covers the Industrials sector, focusing on stocks such as Deere, CNH Industrial, and Caterpillar.
In addition to Oppenheimer, Local Bounti Corporation also received a Buy from Lake Street’s Ben Klieve in a report issued today. However, yesterday, Deutsche Bank downgraded Local Bounti Corporation (NYSE: LOCL) to a Hold.
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Based on Local Bounti Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.18 million and a GAAP net loss of $10.68 million. In comparison, last year the company earned a revenue of $6.27 million and had a GAAP net loss of $31.66 million
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Local Bounti Corporation (LOCL) Company Description:
Leo Holdings III Corp is a blank check company.
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