Gerdau S.A. (GGB)
NYSE: GGB · Real-Time Price · USD
3.080
-0.040 (-1.28%)
Nov 1, 2024, 4:00 PM EDT - Market closed
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 62.34% from the current stock price of 3.08.
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 | +62.34% | May 24, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $4.17 → $5 | Hold → Buy | Upgrades | $4.17 → $5 | +62.34% | 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 | +37.99% | Nov 20, 2023 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $5.56 → $4.76 | Buy → Hold | Downgrades | $5.56 → $4.76 | +54.55% | 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
68.17B
from 68.92B
Decreased by -1.08%
Revenue Next Year
70.06B
from 68.17B
Increased by 2.77%
EPS This Year
2.81
from 3.55
Decreased by -20.88%
EPS Next Year
2.76
from 2.81
Decreased by -1.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 71.7B | 77.2B | 81.8B | |
| Avg | 68.2B | 70.1B | 74.6B | |
| Low | 63.0B | 61.7B | 66.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 4.0% | 13.3% | 16.8% | |
| Avg | -1.1% | 2.8% | 6.5% | |
| Low | -8.6% | -9.5% | -5.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.72 | 3.47 | 3.69 |
| Avg | 2.81 | 2.76 | 2.67 |
| Low | 2.09 | 1.84 | 1.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.7% | 23.3% | 33.6% |
| Avg | -20.9% | -1.6% | -3.3% |
| Low | -41.2% | -34.4% | -32.6% |
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.