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 63.40% upside). 2 analyst firms have reported ratings in the last year.

The latest analyst rating for Gerdau (NYSE:GGB) was provided by B of A Securities, and Gerdau upgraded their buy rating.

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.

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.

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.

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 $3.06, which is out of the analyst’s predicted range.