Gerdau (GGB) Stock Forecast, Price Target & Predictions
GGB Stock Forecast
Gerdau stock forecast is as follows: an average price target of $8.71 (represents a 168.00% upside from GGB’s last price of $3.25) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
GGB Price Target
The average price target for Gerdau (GGB) is $8.71 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $8.71 to $8.71. This represents a potential 168.00% upside from GGB's last price of $3.25.
GGB Analyst Ratings
According to 2 Wall Street analysts, Gerdau's rating consensus is 'Buy'. The analyst rating breakdown for GGB stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Gerdau Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 18, 2022 | Timna Tanners | Bank of America Securities | $8.71 | $5.70 | 52.87% | 167.92% |
The latest Gerdau stock forecast, released on Apr 18, 2022 by Timna Tanners from Bank of America Securities, set a price target of $8.71, which represents a 52.87% increase from the stock price at the time of the forecast ($5.70), and a 167.92% increase from GGB last price ($3.25).
Gerdau Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $3.25 | $3.25 | $3.25 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Gerdau stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Gerdau's last price of $3.25. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 24, 2024 | Bank of America Securities | - | Buy | Upgrade |
| May 06, 2024 | Itau BBA | - | Outperform | Upgrade |
Gerdau's last stock rating was published by Bank of America Securities on May 24, 2024. The company Upgrade its GGB rating from "null" to "Buy".
Gerdau Financial Forecast
Gerdau Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $18.87B | $17.96B | $21.15B | $22.97B | $21.32B | $19.13B | $16.34B | $12.22B | $8.74B | $9.23B | $13.62B | $9.93B | $10.15B | $10.03B | $9.82B | $9.48B | $9.17B | $8.46B | $8.62B |
| Avg Forecast | $2.71B | $2.86B | $3.29B | $3.20B | $2.86B | $3.00B | $3.03B | $3.19B | $3.11B | $3.39B | $3.84B | $3.77B | $3.65B | $4.03B | $4.25B | $3.81B | $20.29B | $14.23B | $10.47B | $22.22B | $17.91B | $15.21B | $11.42B | $14.10B | $11.91B | $7.81B | $12.79B | $16.50B | $55.83B | $11.49B |
| High Forecast | $2.71B | $2.86B | $3.29B | $3.20B | $2.86B | $3.00B | $3.03B | $3.19B | $3.11B | $3.39B | $3.84B | $3.77B | $3.65B | $4.03B | $4.25B | $4.57B | $24.34B | $17.08B | $12.57B | $26.67B | $21.49B | $18.25B | $13.70B | $16.92B | $14.29B | $9.37B | $15.35B | $19.80B | $66.99B | $13.79B |
| Low Forecast | $2.71B | $2.86B | $3.29B | $3.20B | $2.86B | $3.00B | $3.03B | $3.19B | $3.11B | $3.39B | $3.84B | $3.77B | $3.65B | $4.03B | $4.25B | $3.05B | $16.23B | $11.39B | $8.38B | $17.78B | $14.33B | $12.17B | $9.14B | $11.28B | $9.52B | $6.25B | $10.23B | $13.20B | $44.66B | $9.19B |
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 15 | 7 | 10 | 16 | 19 | 14 | 18 | 12 | 16 | 19 | 17 | 8 | 13 | 9 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 5.01% | 4.92% | 5.25% | 5.41% | 5.59% | 0.94% | 1.15% | 1.17% | 0.39% | 0.52% | 0.90% | 0.87% | 0.72% | 0.84% | 1.26% | 0.74% | 0.56% | 0.15% | 0.75% |
Gerdau's average Quarter revenue forecast for Jun 23 based on 0 analysts is $3.84B, with a low forecast of $3.84B, and a high forecast of $3.84B. GGB's average Quarter revenue forecast represents a -79.63% decrease compared to the company's last Quarter revenue of $18.87B (Mar 23).
Gerdau EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 15 | 7 | 10 | 16 | 19 | 14 | 18 | 12 | 16 | 19 | 17 | 8 | 13 | 9 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $5.21B | $3.12B | $5.14B | $6.39B | $8.49B | $6.45B | $4.25B | $1.98B | $1.34B | $1.02B | $2.65B | $887.04M | $1.50B | $1.37B | $-681.81M | $1.16B | $846.08M | $2.14B | $-2.25B |
| Avg Forecast | $579.12M | $609.81M | $702.04M | $682.21M | $610.67M | $640.03M | $647.41M | $680.68M | $664.41M | $723.32M | $820.61M | $804.44M | $779.59M | $859.10M | $906.10M | $3.44B | $7.12B | $3.62B | $1.64B | $3.07B | $1.98B | $4.23B | $1.02B | $2.09B | $1.62B | $-506.57M | $1.69B | $1.52B | $14.11B | $-3.01B |
| High Forecast | $579.12M | $609.81M | $702.04M | $682.21M | $610.67M | $640.03M | $647.41M | $680.68M | $664.41M | $723.32M | $820.61M | $804.44M | $779.59M | $859.10M | $906.10M | $4.13B | $8.55B | $4.34B | $1.97B | $3.69B | $2.38B | $5.07B | $1.22B | $2.50B | $1.95B | $-405.26M | $2.03B | $1.83B | $16.93B | $-2.40B |
| Low Forecast | $579.12M | $609.81M | $702.04M | $682.21M | $610.67M | $640.03M | $647.41M | $680.68M | $664.41M | $723.32M | $820.61M | $804.44M | $779.59M | $859.10M | $906.10M | $2.75B | $5.70B | $2.90B | $1.32B | $2.46B | $1.59B | $3.38B | $816.08M | $1.67B | $1.30B | $-607.89M | $1.35B | $1.22B | $11.29B | $-3.61B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 6.47% | 4.00% | 5.99% | 7.05% | 2.47% | 0.91% | 1.17% | 1.20% | 0.44% | 0.52% | 0.63% | 0.87% | 0.72% | 0.84% | 1.35% | 0.69% | 0.56% | 0.15% | 0.75% |
0 analysts predict GGB's average Quarter EBITDA for Jun 23 to be $820.61M, with a high of $820.61M and a low of $820.61M. This is -84.24% lower than Gerdau's previous annual EBITDA (Mar 23) of $5.21B.
Gerdau Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 15 | 7 | 10 | 16 | 19 | 14 | 18 | 12 | 16 | 19 | 17 | 8 | 13 | 9 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $3.21B | $1.21B | $3.01B | $4.28B | $5.59B | $3.92B | $2.47B | $785.54M | $315.27M | $216.63M | $1.06B | $285.63M | $369.54M | $449.00M | $-1.38B | $134.77M | $75.02M | $815.34M | $-3.06B |
| Avg Forecast | $215.79M | $193.84M | $239.95M | $239.57M | $207.36M | $250.22M | $173.28M | $12.87B | $200.24M | $325.33M | $485.02M | $11.81B | $416.64M | $13.35B | $828.72M | $2.27B | $4.32B | $2.10B | $654.18M | $723.55M | $420.46M | $1.69B | $328.47M | $513.24M | $533.19M | $-1.03B | $195.55M | $135.04M | $5.38B | $-4.09B |
| High Forecast | $215.79M | $193.84M | $239.95M | $239.57M | $207.36M | $250.22M | $173.28M | $15.44B | $200.24M | $325.33M | $485.02M | $14.17B | $416.64M | $16.02B | $828.72M | $2.72B | $5.19B | $2.52B | $785.01M | $868.26M | $504.55M | $2.02B | $394.17M | $615.89M | $639.83M | $-822.38M | $234.66M | $162.05M | $6.46B | $-3.27B |
| Low Forecast | $215.79M | $193.84M | $239.95M | $239.57M | $207.36M | $250.22M | $173.28M | $10.30B | $200.24M | $325.33M | $485.02M | $9.45B | $416.64M | $10.68B | $828.72M | $1.81B | $3.46B | $1.68B | $523.34M | $578.84M | $336.37M | $1.35B | $262.78M | $410.59M | $426.55M | $-1.23B | $156.44M | $108.03M | $4.31B | $-4.90B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.27% | 2.90% | 0.23% | 5.17% | 2.47% | 0.91% | 1.17% | 1.20% | 0.44% | 0.52% | 0.63% | 0.87% | 0.72% | 0.84% | 1.35% | 0.69% | 0.56% | 0.15% | 0.75% |
Gerdau's average Quarter net income forecast for Jun 23 is $485.02M, with a range of $485.02M to $485.02M. GGB's average Quarter net income forecast represents a -84.87% decrease compared to the company's last Quarter net income of $3.21B (Mar 23).
Gerdau SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 15 | 7 | 10 | 16 | 19 | 14 | 18 | 12 | 16 | 19 | 17 | 8 | 13 | 9 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $538.04M | $622.23M | $555.07M | $516.01M | $527.47M | $476.38M | $469.49M | $370.21M | $306.45M | $370.38M | $483.35M | $364.59M | $351.96M | $361.31M | $398.43M | $396.55M | $420.44M | $439.49M | $534.25M |
| Avg Forecast | $84.99M | $89.50M | $103.04M | $100.13M | $89.62M | $93.93M | $95.02M | $2.45B | $97.51M | $106.16M | $120.44M | $2.24B | $114.42M | $1.26B | $132.98M | $213.76M | $526.00M | $399.85M | $308.30M | $703.30M | $718.89M | $771.16M | $419.28M | $488.84M | $429.05M | $296.02M | $535.35M | $756.78M | $2.90B | $712.34M |
| High Forecast | $84.99M | $89.50M | $103.04M | $100.13M | $89.62M | $93.93M | $95.02M | $2.93B | $97.51M | $106.16M | $120.44M | $2.69B | $114.42M | $1.51B | $132.98M | $256.52M | $631.20M | $479.82M | $369.96M | $843.96M | $862.67M | $925.40M | $503.14M | $586.61M | $514.86M | $355.23M | $642.42M | $908.14M | $3.48B | $854.80M |
| Low Forecast | $84.99M | $89.50M | $103.04M | $100.13M | $89.62M | $93.93M | $95.02M | $1.96B | $97.51M | $106.16M | $120.44M | $1.80B | $114.42M | $1.01B | $132.98M | $171.01M | $420.80M | $319.88M | $246.64M | $562.64M | $575.11M | $616.93M | $335.43M | $391.07M | $343.24M | $236.82M | $428.28M | $605.43M | $2.32B | $569.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.24% | 5.44% | 0.44% | 3.88% | 2.47% | 0.91% | 1.17% | 1.20% | 0.44% | 0.52% | 0.63% | 0.87% | 0.72% | 0.84% | 1.35% | 0.74% | 0.56% | 0.15% | 0.75% |
Gerdau's average Quarter SG&A projection for Jun 23 is $120.44M, based on 0 Wall Street analysts, with a range of $120.44M to $120.44M. The forecast indicates a -77.62% fall compared to GGB last annual SG&A of $538.04M (Mar 23).
Gerdau EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | 15 | 7 | 10 | 16 | 19 | 14 | 18 | 12 | 16 | 19 | 17 | 8 | 13 | 9 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $1.83 | $0.66 | $1.70 | $2.39 | $3.28 | $2.30 | $1.45 | $0.46 | $0.19 | $0.13 | $0.06 | $0.17 | $0.22 | $0.26 | $-0.81 | $0.08 | $0.04 | $0.48 | $-1.80 |
| Avg Forecast | $0.10 | $0.09 | $0.11 | $0.11 | $0.10 | $0.12 | $0.08 | $0.10 | $0.09 | $0.15 | $0.23 | $0.22 | $0.20 | $0.25 | $0.33 | $0.81 | $2.66 | $3.93 | $1.24 | $-2.47 | $-8.48 | $1.34 | $0.94 | $1.92 | $1.48 | $-0.17 | $0.70 | $0.07 | $-1.85 | $-0.78 |
| High Forecast | $0.10 | $0.09 | $0.11 | $0.11 | $0.10 | $0.12 | $0.08 | $0.10 | $0.09 | $0.15 | $0.23 | $0.22 | $0.20 | $0.25 | $0.33 | $0.98 | $3.22 | $4.73 | $1.46 | $-1.98 | $-6.79 | $1.61 | $1.15 | $2.30 | $1.80 | $-0.13 | $0.82 | $0.07 | $-1.50 | $-0.62 |
| Low Forecast | $0.10 | $0.09 | $0.11 | $0.11 | $0.10 | $0.12 | $0.08 | $0.10 | $0.09 | $0.15 | $0.23 | $0.22 | $0.20 | $0.25 | $0.33 | $0.65 | $2.11 | $3.13 | $0.96 | $-2.95 | $-10.16 | $1.07 | $0.74 | $1.53 | $1.17 | $-0.20 | $0.54 | $0.03 | $-2.22 | $-0.95 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 8.49% | 3.35% | 6.86% | 7.30% | 4.03% | 0.86% | 0.37% | 0.37% | -0.08% | -0.02% | 0.04% | 0.18% | 0.11% | 0.18% | 4.89% | 0.11% | 0.61% | -0.26% | 2.30% |
According to 0 Wall Street analysts, Gerdau's projected average Quarter EPS for Jun 23 is $0.23, with a low estimate of $0.23 and a high estimate of $0.23. This represents a -87.45% decrease compared to GGB previous annual EPS of $1.83 (Mar 23).
Gerdau Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| GGB | Gerdau | $3.26 | $8.71 | 167.18% | Buy |
| MT | ArcelorMittal | $22.22 | $36.87 | 65.93% | Buy |
| TX | Ternium | $32.13 | $50.00 | 55.62% | Buy |
| PKX | POSCO | $60.44 | $77.00 | 27.40% | Hold |
| STLD | Steel Dynamics | $111.00 | $128.00 | 15.32% | Hold |
| NUE | Nucor | $138.79 | $159.13 | 14.66% | Hold |
| USAP | Universal Stainless & Alloy Products | $34.96 | $36.00 | 2.97% | Buy |
| RS | Reliance Steel & Aluminum | $272.69 | $230.00 | -15.66% | Buy |
GGB Forecast FAQ
Is Gerdau a good buy?
Yes, according to 2 Wall Street analysts, Gerdau (GGB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of GGB's total ratings.
What is GGB's price target?
Gerdau (GGB) average price target is $8.71 with a range of $8.71 to $8.71, implying a 168.00% from its last price of $3.25. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Gerdau stock go up soon?
According to Wall Street analysts' prediction for GGB stock, the company can go up by 168.00% (from the last price of $3.25 to the average price target of $8.71), up by 167.92% based on the highest stock price target, and up by 167.92% based on the lowest stock price target.
Can Gerdau stock reach $5?
GGB's average twelve months analyst stock price target of $8.71 supports the claim that Gerdau can reach $5 in the near future.
What are Gerdau's analysts' financial forecasts?
Gerdau's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $12.08B (high $12.08B, low $12.08B), average EBITDA is $2.58B (high $2.58B, low $2.58B), average net income is $13.5B (high $16.07B, low $10.93B), average SG&A $2.72B (high $3.21B, low $2.23B), and average EPS is $0.399 (high $0.399, low $0.399). GGB's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $12.06B (high $12.06B, low $12.06B), average EBITDA is $2.57B (high $2.57B, low $2.57B), average net income is $889.16M (high $889.16M, low $889.16M), average SG&A $377.66M (high $377.66M, low $377.66M), and average EPS is $0.421 (high $0.421, low $0.421).
Did the GGB's actual financial results beat the analysts' financial forecasts?
Based on Gerdau's last annual report (Dec 2022), the company's revenue was $82.41B, beating the average analysts forecast of $11.92B by 591.21%. Apple's EBITDA was $20.23B, beating the average prediction of $2.54B by 695.10%. The company's net income was $11.43B, missing the average estimation of $14.6B by -21.74%. Apple's SG&A was $2.19B, beating the average forecast of $1.51B by 45.21%. Lastly, the company's EPS was $6.22, beating the average prediction of $0.772 by 705.45%. In terms of the last quarterly report (Mar 2023), Gerdau's revenue was $18.87B, beating the average analysts' forecast of $3.77B by 400.73%. The company's EBITDA was $5.21B, beating the average prediction of $804.44M by 547.38%. Gerdau's net income was $3.21B, missing the average estimation of $11.81B by -72.85%. The company's SG&A was $538.04M, missing the average forecast of $2.24B by -76.03%. Lastly, the company's EPS was $1.83, beating the average prediction of $0.216 by 749.11%