Golden Ocean Stock Target Price and Analyst Consensus
| GOGL Stock | USD 13.59 0.21 1.57% |
The current analyst and expert consensus on Golden Ocean is Strong Buy, with 3 strong buy opinions. The current projected Golden Ocean target price consensus is 10.37 with 6 analyst opinions. The most common way Golden Ocean Group analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Golden Ocean executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Golden Ocean. We strongly encourage you to use your own analysis of Golden Ocean Group to validate this buy or sell advice. Golden Ocean buy-or-sell recommendation module provides average expert sentiment on the projected Golden Ocean Group target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Golden Ocean to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 9.44 | Highest Forecast 11.51 | Target Price 10.37 |
Golden |
It's important to approach Golden Ocean's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Golden Ocean price targets
Golden Ocean's stock target price is an estimate of its future price, usually made by analysts. Using Golden Ocean's target price to determine if it is a suitable investment can be done through the following steps:- Look at Golden Ocean's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Golden Ocean's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Golden Ocean Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Golden Ocean is a key component of Golden Ocean valuation and have some predictive power on the future returns of a Golden Ocean.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Golden Ocean's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Hedge Favorites Invested over 100 shares | |
 | Dividend Beast Invested over 60 shares | |
 | Business Services Invested few shares | |
 | Baby Boomer Prospects Invested over 40 shares | |
Check out Macroaxis Advice on Golden Ocean to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. Note that the Golden Ocean Group information on this page should be used as a complementary analysis to other Golden Ocean's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Golden Stock analysis
When running Golden Ocean's price analysis, check to measure Golden Ocean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Golden Ocean is operating at the current time. Most of Golden Ocean's value examination focuses on studying past and present price action to predict the probability of Golden Ocean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Ocean's price. Additionally, you may evaluate how the addition of Golden Ocean to your portfolios can decrease your overall portfolio volatility.
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The data published in Golden Ocean's official financial statements usually reflect Golden Ocean's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Golden Ocean Group. For example, before you start analyzing numbers published by Golden accountants, it's critical to develop an understanding of what Golden Ocean's liquidity, profitability, and earnings quality are in the context of the Marine Transportation space in which it operates.
Please note, the presentation of Golden Ocean's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Golden Ocean's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Golden Ocean's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Golden Ocean Group. Please utilize our Beneish M Score to check the likelihood of Golden Ocean's management manipulating its earnings.