Kepler Capital Reiterates a Buy Rating on Golden Ocean Group (GOGL) With a NOK96.50 PT

Golden Ocean Group Limited (NASDAQ:GOGL) is one of the best shipping and container stocks to invest in now. On May 23, Kepler Capital analyst Axel Styrman maintained a Buy rating on Golden Ocean Group Limited (NASDAQ:GOGL) and set a price target of NOK96.50.

The rating update came after Golden Ocean Group Limited (NASDAQ:GOGL) announced fiscal Q1 2025 results on May 21.

The analyst maintained an optimistic rating for the company even after its Q1 results reflected a weaker market environment, with lower trading activity and softer charter rates impacting performance.

Golden Ocean Group Limited (NASDAQ:GOGL) reported a net loss of $44.1 million and a loss per share of $0.22 (basic) for the quarter, compared to net income of $39.0 million and earnings per share of $0.20 (basic) for fiscal Q4 2024.

However, management stated that despite the unexpected headwinds, including trade tariffs and increased macroeconomic uncertainty, the fundamentals of dry bulk shipping remain intact, supporting Golden Ocean Group Limited’s (NASDAQ:GOGL) medium-term outlook.

Golden Ocean Group Limited (NASDAQ:GOGL) operates and owns dry bulk vessels. The company transports bulk commodities including grains, ores, coal, and fertilizers, and manages Newcastlemax, Capesize, Panamax, and Ultramax vessels. Golden Ocean Group Limited (NASDAQ:GOGL) also charters, purchases, and sells vessels.

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Disclosure: None. This article is originally published at Insider Monkey.