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Gerdau
GGBNYSE
Gerdau (NYSE:GGB) Stock, Analyst Ratings, Price Targets, Forecasts
Gerdau SA has a consensus price target of $5.5 based on the ratings of 3 analysts. The high is $6 issued by JP Morgan on April 15, 2024. The low is $5 issued by B of A Securities on May 24, 2024. The 3 most-recent analyst ratings were released by B of A Securities, JP Morgan, and B of A Securities on May 24, 2024, April 15, 2024, and November 20, 2023, respectively. With an average price target of $5.37 between B of A Securities, JP Morgan, and B of A Securities, there's an implied 57.84% upside for Gerdau SA from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
B of A Securities
JP Morgan
1calculated from analyst ratings
Analyst Ratings for Gerdau
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/24/2024 | Buy Now | 47.06% | B of A Securities | Caio Ribeiro | $4.5 → $5 | Upgrade | Neutral → Buy | Get Alert |
| 04/15/2024 | Buy Now | 76.47% | JP Morgan | Rodolfo Angele | $4.17 → $5 | Upgrade | Neutral → Overweight | Get Alert |
| 11/20/2023 | Buy Now | 50% | B of A Securities | Caio Ribeiro | $4.67 → $4.25 | Downgrade | Buy → Neutral | Get Alert |
| 02/09/2023 | Buy Now | 76.47% | JP Morgan | Rodolfo Angele | $5.56 → $4.76 | Downgrade | Overweight → Neutral | Get Alert |
| 09/09/2021 | Buy Now | — | Credit Suisse | Caio Ribeiro | — | Upgrade | Neutral → Outperform | Get Alert |
FAQ
What is the target price for Gerdau (GGB) stock?
The latest price target for Gerdau (NYSE:GGB) was reported by B of A Securities on May 24, 2024. The analyst firm set a price target for $5.00 expecting GGB to rise to within 12 months (a possible 47.06% upside). 3 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 B of A Securities, and Gerdau upgraded their buy rating.
When was the last upgrade for Gerdau (GGB)?
The last upgrade for Gerdau SA happened on May 24, 2024 when B of A Securities raised their price target to $5. B of A Securities 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 May 24, 2024 so you should expect the next rating to be made available sometime around May 24, 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 $4.50 to $5.00. The current price Gerdau (GGB) is trading at is $3.40, which is out of the analyst’s predicted range.
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