JP Morgan raises target for Gerdau stock from USD 5.50 to USD 6.00

Published on 10/08/2026 at 11:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted net income rose 45.00 percent to BRL 1.5 billion in the second quarter of 2026. Gerdau stock costs EUR 4.48 on October 8, 2026 versus EUR 4.49.

GGB, US3737371050, Illustration mit AI erstellt.

Gerdau (ISIN US3737371050) was trading at EUR 4.48 at Lang & Schwarz on October 8, 2026 at 11:39 a.m. CEST, down 0.22 percent from the EUR 4.49 prior close. The main company-specific signal is JPMorgan's June 25, 2026 decision to raise its Gerdau target from USD 5.50 to USD 6.00 while maintaining an Overweight rating, according to ScanX.

Target rises to USD 6.00

The target increase gives the latest analyst view a concrete benchmark, but it remains a USD valuation reference rather than a replacement for the euro quote available to investors in Germany. The change from USD 5.50 to USD 6.00 represents a 9.09 percent increase in JPMorgan's target, calculated against the former target.

The same ScanX report said Gerdau's adjusted net income reached BRL 1.5 billion in the second quarter of 2026, up 45.00 percent from the first quarter. Adjusted EBITDA was BRL 3.4 billion, while North American shipments increased 7.00 percent year on year.

North America lifts results

The operating split matters for the stock because North America supplied the strongest quantified momentum in the quarter. Regional adjusted EBITDA rose 15.00 percent from the first quarter, helping offset pressure from high steel imports in Brazil, according to ScanX on September 18, 2026.

Gerdau also generated BRL 237.0 million in positive free cash flow during the second quarter, while its debt-to-EBITDA ratio stood at 0.69 times. These figures point to cash generation and leverage as important counterweights to regional margin pressure.

Next results date is October 27

Marketscreener lists October 27, 2026 as the scheduled date for Gerdau's third-quarter earnings release and presentation. That date gives the market its next defined checkpoint after the second-quarter figures.

Euro quote stays below prior close

At Lang & Schwarz, Gerdau was trading at EUR 4.48 on October 8, 2026 at 11:39 a.m. CEST, down 0.22 percent versus the prior close of EUR 4.49. The primary listing is on the NYSE, where Gerdau's quoted currency is USD and the latest structured quote was USD 5.02 on October 7, 2026; its 52-week range was USD 3.13 to USD 5.48 and market capitalization was USD 9.9 billion on that date. The further course of trading is shown by the continuously updated real-time quote of Gerdau stock.