In a recent update, Goldman Sachs has adjusted its price target for Granite Construction (GVA, Financial), a leading construction company. The analyst, Jerry Revich, announced the new price target for GVA as $76.00, an increase from the previous target of $69.00. This update reflects a 10.14% change in the price target.
Despite the raise in the price target, Goldman Sachs has maintained its 'Sell' rating for GVA. The rating remains unchanged from the prior 'Sell' recommendation, indicating that the brokerage firm still advises caution in holding the stock.
The announcement was made on May 5, 2025, and the price targets are denoted in USD. Granite Construction continues to trade under the ticker GVA on the NYSE. Investors and stakeholders in GVA should consider these updates in their strategic planning.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Granite Construction Inc (GVA, Financial) is $101.75 with a high estimate of $118.00 and a low estimate of $76.00. The average target implies an upside of 23.54% from the current price of $82.36. More detailed estimate data can be found on the Granite Construction Inc (GVA) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Granite Construction Inc's (GVA, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" 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 Granite Construction Inc (GVA, Financial) in one year is $66.82, suggesting a downside of 18.87% from the current price of $82.36. 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 Granite Construction Inc (GVA) Summary page.
