5 Analysts Assess Grocery Outlet Holding: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have diverse opinions on Grocery Outlet Holding (NASDAQ:GO), with recent evaluations showing a shift towards a more positive outlook. The average 12-month price target is now $30.2, down from $34.50. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Grocery Outlet's financials indicate solid revenue growth, exceptional net margin, and strong ROE and ROA, with a debt-to-equity ratio below industry average.
February 28, 2024 | 8:00 pm
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POSITIVE IMPACT
Grocery Outlet Holding Corp (NASDAQ:GO) sees diverse analyst opinions, with a recent shift towards positivity. The average 12-month price target has decreased to $30.2. Financial indicators show strong performance, suggesting potential for stock appreciation.
The shift towards more positive analyst ratings, combined with strong financial performance indicators such as solid revenue growth, exceptional net margin, and strong ROE and ROA, suggests potential for short-term stock appreciation. The decrease in the average price target reflects recent market adjustments but the overall positive financial health of the company could support upward movement in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100