JP Morgan Rates Gerdau (GGB) buy, $6 Price Target

JP Morgan maintains its buy rating on Gerdau S.A. with a $6 price target, a 44.58% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 11:01 AM EDT · Updated Jun 29, 2026, 12:02 PM EDT

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JP Morgan rated Gerdau S.A. ($GGB) "buy" with a $6 price target on June 25, 2026.

Since the rating, $GGB is down 1.7% after 1 week, up 16.6% after 1 month and up 22.4% to date (from the $4.10 close on Jun 25, 2026).

GGB Gerdau S.A.

$5.02 +36.04% year to date

Daily close · Oct 16, 2026

Key Points

JP Morgan reiterated its buy rating on Gerdau S.A. (NYSE:GGB) with a $6 price target on June 25, 2026.
JP Morgan's $6 price target implies 44.58% upside from Gerdau S.A.'s ($GGB) current $4.15 share price.
Gerdau shares traded at $4.09 on Thursday, with the company having a market cap of $8.36 billion and a P/E ratio of 26.56.
Insider trades include CEO Gustavo Werneck buying 165,224 shares on June 12, 2026, and other executives selling shares in May and June.

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JP Morgan has reiterated its buy rating on Gerdau S.A. (NYSE:GGB), maintaining a price target of $6. This update came from analyst Rodolfo Angele on June 25, 2026. Shares of Gerdau traded around $4.09 on Thursday, suggesting the analyst sees room for growth.

Analyst rating track record

JP Morgan vs. the S&P 500

YTD return -3.56% hypothetical

All-time return +33.46% S&P 500 +35.85%

vs. S&P 500 -2.39% behind the index

Hypothetical returns from JP Morgan's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Gerdau S.A.

Several institutional investors have adjusted their positions in Gerdau. Donald Smith & Co., Inc. slightly reduced its holdings by 71,005 shares, leaving it with approximately 24.1 million shares valued at $87.1 million. Meanwhile, Acadian Asset Management LLC made a significant move by increasing its stake by over 12.4 million shares, resulting in about 13 million shares worth $47.1 million. The Goldman Sachs Group Inc. also boosted its position by 8.4 million shares, now holding around 11 million shares valued at $39.7 million. Russell Investments Group, Ltd. increased its shares by 1.8 million to a total of 2.7 million, valued at approximately $9.3 million.

Gerdau S.A. Stock Down 16.0%

Shares of Gerdau S.A. traded near $4.09 on Thursday. The company boasts a market cap of around $8.36 billion and a P/E ratio of 26.56. Its forward P/E is more attractive at 7.63. The stock's 52-week range is between $2.80 and $4.98, with a 50-day moving average of $4.55 and a 200-day moving average of $3.86. Gerdau maintains a solid current ratio of 2.76 and a quick ratio of 1.24, alongside a low debt-to-equity ratio of 29.02.

12-month forecast

$GGB price target

Gerdau S.A. daily closes and this analyst's $6 target. Not advice.

Recent Earnings

Gerdau reported revenue of $69.2 billion, though it experienced a slight decline with a revenue growth rate of -3.8%. The company's net margin stands at 2.37%, and it achieved a return on equity of 3.07%. Investors will be watching for the next earnings report, scheduled for August 4, 2026.

Dividend

Gerdau pays an annual dividend of $0.13 per share, yielding 3.05%. The dividend payout ratio is 74.2%, indicating a commitment to returning capital to shareholders.

Insider Buying and Selling at Gerdau S.A.

Recent insider activity at Gerdau includes CEO Gustavo Werneck purchasing 165,224 shares at an average price of $4.73 on June 12, 2026. Meanwhile, Mauricio Metz sold 7,000 shares at $4.85 on June 2, 2026, and 5,000 shares at $4.70 on May 26, 2026. Other insiders like Chia Yuan Wang and Rafael Dorneles Japur also sold shares in late May and early June.

Analysts Set New Price Targets

On June 25, 2026, JP Morgan maintained its buy rating on Gerdau S.A. with a target price of $6. UBS has also been positive, maintaining a buy rating with a target of $5.25 on April 29, 2026. The consensus among analysts is a buy rating, with an average target price of $5.32 based on five opinions.

About Gerdau S.A.

Gerdau S.A. is a major steel producer headquartered in São Paulo, Brazil. With about 30,000 employees, the company operates in the basic materials sector, focusing on steel products for various industries, including automotive, construction, and energy. Gerdau also runs iron ore mines in Brazil, supporting its steel production operations.

Bottom Line

JP Morgan's reiterated buy rating and $6 target price suggest confidence in Gerdau S.A.'s growth prospects. Investors often track such analyst updates for insights into potential stock performance. However, it's important to remember that these ratings are based on past performance and may not reflect current market conditions.