| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 02/09/2023 | -0.17% | JP Morgan | $7 → $6 | Downgrades | Overweight → Neutral |
| 09/09/2021 | — | Credit Suisse | Upgrades | Neutral → Outperform | |
| 09/17/2018 | — | HSBC | Upgrades | Hold → Buy | |
| 08/16/2018 | — | B of A Securities | Reinstates | → Buy | |
| 06/05/2018 | — | Morgan Stanley | Upgrades | Equal-Weight → Overweight |
What is the target price for Gerdau (GGB)?
The latest price target for Gerdau (NYSE: GGB) was reported by JP Morgan on February 9, 2023. The analyst firm set a price target for $6.00 expecting GGB to fall to within 12 months (a possible -0.17% downside). 1 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 JP Morgan, and Gerdau downgraded their neutral rating.
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 February 9, 2023 so you should expect the next rating to be made available sometime around February 9, 2024.
Is the Analyst Rating Gerdau (GGB) correct?
While ratings are subjective and will change, the latest Gerdau (GGB) rating was a downgraded with a price target of $7.00 to $6.00. The current price Gerdau (GGB) is trading at is $6.01, which is out of the analyst's predicted range.
