On May 1, 2025, Keybanc analyst Justin Patterson announced an update regarding Gates Industrial Corp (GTES, Financial). The firm has maintained its "Overweight" rating for GTES.
Alongside the rating decision, Keybanc raised its price target for GTES from $21.00 to $23.00. This adjustment in the price target represents an increase of 9.52%.
These updates reflect Keybanc's continued confidence in Gates Industrial Corp's performance and prospects in the market. GTES is currently trading on the NYSE, and these changes are viewed as a positive signal by investors and market watchers.
The currency for the price target is set in USD, aligning with the current market standards for GTES.
Investors and market participants are advised to keep track of GTES, especially in light of the recent adjustments and maintained rating by Keybanc.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Gates Industrial Corp PLC (GTES, Financial) is $23.09 with a high estimate of $27.00 and a low estimate of $20.00. The average target implies an upside of 20.52% from the current price of $19.16. More detailed estimate data can be found on the Gates Industrial Corp PLC (GTES) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Gates Industrial Corp PLC's (GTES, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gates Industrial Corp PLC (GTES, Financial) in one year is $14.26, suggesting a downside of 25.57% from the current price of $19.16. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gates Industrial Corp PLC (GTES) Summary page.
