$3.66
0.05[1.39%]
At close: Apr 29
$3.66
0[0.00%]
After Hours: 6:49PM EDT
Gerdau Stock (NYSE:GGB), Analyst Ratings, Price Targets, Predictions
Gerdau SA has a consensus price target of $3.7, established from looking at the 4 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, B of A Securities, and JP Morgan on April 15, 2024, November 20, 2023, and February 9, 2023. With an average price target of $5.7 between JP Morgan, B of A Securities, and JP Morgan, there's an implied 55.74% upside for Gerdau SA from these 3 analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
B of A Securities
Credit Suisse
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Gerdau
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/15/2024 | GGB | Buy Now | Gerdau | $3.66 | 63.93% | JP Morgan | Rodolfo Angele | $4.17 → $5 | Upgrade | Neutral → Overweight | Get Alert |
| 11/20/2023 | GGB | Buy Now | Gerdau | $3.66 | 39.34% | B of A Securities | Caio Ribeiro | $4.67 → $4.25 | Downgrade | Buy → Neutral | Get Alert |
| 02/09/2023 | GGB | Buy Now | Gerdau | $3.66 | 63.93% | JP Morgan | Rodolfo Angele | $5.56 → $4.76 | Downgrade | Overweight → Neutral | Get Alert |
| 09/09/2021 | GGB | Buy Now | Gerdau | $3.66 | — | Credit Suisse | Caio Ribeiro | — | Upgrade | Neutral → Outperform | Get Alert |
FAQ
What is the target price for Gerdau (GGB)?
The latest price target for Gerdau (NYSE: GGB) was reported by JP Morgan on April 15, 2024. The analyst firm set a price target for $6.00 expecting GGB to rise to within 12 months (a possible 63.93% upside). 2 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Gerdau (GGB)?
The latest analyst rating for Gerdau (NYSE: GGB) was provided by JP Morgan, and Gerdau upgraded their overweight rating.
When was the last upgrade for Gerdau (GGB)?
The last upgrade for Gerdau SA happened on April 15, 2024 when JP Morgan raised their price target to $6. JP Morgan previously had a neutral for Gerdau SA.
When was the last downgrade for Gerdau (GGB)?
The last downgrade for Gerdau SA happened on November 20, 2023 when B of A Securities changed their price target from $5.6 to $5.1 for Gerdau SA.
When is the next analyst rating going to be posted or updated for Gerdau (GGB)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Gerdau, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Gerdau was filed on April 15, 2024 so you should expect the next rating to be made available sometime around April 15, 2025.
Is the Analyst Rating Gerdau (GGB) correct?
While ratings are subjective and will change, the latest Gerdau (GGB) rating was a upgraded with a price target of $5.00 to $6.00. The current price Gerdau (GGB) is trading at is $3.66, which is out of the analyst’s predicted range.
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