Where might boohoo's share price go in the next 12 months? Here's what the experts say

How far I look boohoo (LSE: BOO) share price has fallen over the last few years, I often forget that I am a victim of the fall. Maybe some kind of mental defense mechanism.

Consumer prices vary depending on who we ask. But the average target for the next 12 months now looks to be around 36p.

The shares are trading at just 29.4p at the time of writing, so that would be a 22% increase. Maybe there is still hope for us.

What do we need?

I've seen false hopes before. And while the average price looks good, the Buy/Sell consensus depends on the sell side. Perhaps that is not surprising, as the weakest price I see is just 18p, for a loss of 39%.

Still, the big bullish rallied around 70p, more than double the current price. So I would definitely not take these predictions at face value. Instead, I prefer to think about what it would take for the bulls to come out well.

I see one key thing here, which may seem obvious. It's a benefit, and we really could do with some.

Predictions

The problem is, we're looking at negative earnings per share (EPS) the way we see it. Or come out in 2027, at least.

On the bright side however, forecasts see net sales increasing by 12.5% ​​between 2024 and 2027. And EBITDA will be good if it's right, rising 60% by 2027.

Losses per share on the cards for 2027 are actually very small. It really wouldn't take much to get past this breakeven point. And that's one thing that I think can give the price a boost – a good EPS forecast.

A long time

But another thing worries me. That's a bit about the long-term future of bohoohoo. This for-profit forecasting campaign appears to be based on low costs and improving ratings.

That's great, and certainly part of the picture. But for long-term sustainability, we need to see better sales growth.

However, these are early days for the company's turnaround plans. And with the FY 2024 results, posted in May, we heard about a few potential milestones. If they come good, I can see a fair opportunity for the share price to increase. But if they don't, it can be painful.

Cash flow

The company thinks it should see “major capital expenditure reductions” in FY 2025, and “it expects to generate positive free cash flow“. I think cash flow may mark a critical turning point, if it goes down.

So where exactly will the boohoo share price go in the next 12 months? It's rare that I see such a wide range of prices. And that, to me, screams danger.

I just think 12 months isn't close enough to get a feel for bohoohoo's future. Maybe short-term results, hopefully soon but currently 'TBC' in the company's calendar, could help to slow things down.