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GMS Inc has a consensus price target of $88.78 based on the ratings of 9 analysts. The high is $100 issued by Baird on June 21, 2024. The low is $80 issued by Barclays on September 9, 2024. The 3 most-recent analyst ratings were released by Barclays, Truist Securities, and Stephens & Co. on September 9, 2024, August 30, 2024, and July 1, 2024, respectively. With an average price target of $88.33 between Barclays, Truist Securities, and Stephens & Co., there's an implied -3.02% downside for GMS Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for GMS (NYSE:GMS) was reported by Barclays on September 9, 2024. The analyst firm set a price target for $80.00 expecting GMS to fall to within 12 months (a possible -12.17% downside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for GMS (NYSE:GMS) was provided by Barclays, and GMS maintained their equal-weight rating.
The last upgrade for GMS Inc happened on December 6, 2021 when Raymond James raised their price target to $72. Raymond James previously had a market perform for GMS Inc.
The last downgrade for GMS Inc happened on December 9, 2022 when Loop Capital changed their price target from N/A to $60 for GMS Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of GMS, 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 GMS was filed on September 9, 2024 so you should expect the next rating to be made available sometime around September 9, 2025.
While ratings are subjective and will change, the latest GMS (GMS) rating was a maintained with a price target of $81.00 to $80.00. The current price GMS (GMS) is trading at is $91.08, which is out of the analyst’s predicted range.
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