Bulls vs Bears
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GMS Inc has a consensus price target of $90.44 based on the ratings of 9 analysts. The high is $115 issued by Baird on October 16, 2024. The low is $80 issued by Barclays on September 9, 2024. The 3 most-recent analyst ratings were released by Baird, Barclays, and Truist Securities on October 16, 2024, September 9, 2024, and August 30, 2024, respectively. With an average price target of $95 between Baird, Barclays, and Truist Securities, there's an implied -4.14% 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 Baird on October 16, 2024. The analyst firm set a price target for $115.00 expecting GMS to rise to within 12 months (a possible 16.04% upside). 17 analyst firms have reported ratings in the last year.
The latest analyst rating for GMS (NYSE:GMS) was provided by Baird, and GMS maintained their outperform 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 October 16, 2024 so you should expect the next rating to be made available sometime around October 16, 2025.
While ratings are subjective and will change, the latest GMS (GMS) rating was a maintained with a price target of $96.00 to $115.00. The current price GMS (GMS) is trading at is $99.10, which is within the analyst’s predicted range.
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