Gerdau S.A. (GGB)
NYSE: GGB · Real-Time Price · USD
3.130
+0.050 (1.62%)
Nov 4, 2024, 12:46 PM EST - Market open
Gerdau Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Gerdau stock have an average target of 5.00, which predicts an increase of 59.74% from the current stock price of 3.13.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 24, 2024.
Analyst Ratings
The average analyst rating for Gerdau stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $4.5 → $5 | Hold → Strong Buy | Upgrades | $4.5 → $5 | +59.74% | May 24, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $4.17 → $5 | Hold → Buy | Upgrades | $4.17 → $5 | +59.74% | Apr 15, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $4.67 → $4.25 | Strong Buy → Hold | Downgrades | $4.67 → $4.25 | +35.78% | Nov 20, 2023 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $5.56 → $4.76 | Buy → Hold | Downgrades | $5.56 → $4.76 | +52.08% | Feb 9, 2023 |
| Credit Suisse | Credit Suisse | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Sep 9, 2021 |
Financial Forecast
Revenue This Year
68.43B
from 68.92B
Decreased by -0.71%
Revenue Next Year
70.33B
from 68.43B
Increased by 2.78%
EPS This Year
2.81
from 3.55
Decreased by -20.75%
EPS Next Year
2.85
from 2.81
Increased by 1.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 71.7B | 75.5B | 80.0B | |
| Avg | 68.4B | 70.3B | 74.5B | |
| Low | 63.3B | 61.7B | 65.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.0% | 10.3% | 13.8% | |
| Avg | -0.7% | 2.8% | 5.9% | |
| Low | -8.1% | -9.9% | -7.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.72 | 3.47 | 3.74 |
| Avg | 2.81 | 2.85 | 2.77 |
| Low | 2.08 | 2.01 | 2.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.7% | 23.1% | 31.2% |
| Avg | -20.8% | 1.3% | -2.7% |
| Low | -41.5% | -28.6% | -26.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.