Should You Buy Great Lakes Dredge & Dock Corp (GLDD) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BUY for a beginner long-term investor. GLDD is in a clear uptrend (bullish moving averages) and the fundamental/news setup supports a multi-year infrastructure-driven upcycle. Even though short-term pattern statistics suggest elevated near-term downside risk, the current price area (~$15.3) still looks like a reasonable long-term entry given the recent bullish analyst initiation and strong profitability momentum.
Technical Analysis
Trend is bullish overall: SMA_5 > SMA_20 > SMA_200 confirms an established uptrend. RSI_6 at ~62 is neutral-to-slightly-warm (not overbought), suggesting room to run without being stretched. MACD histogram is positive (0.0955) but contracting, which can signal slowing upside momentum near-term (possible consolidation/pullback rather than trend reversal). Key levels: pivot ~15.04 is the first important near-term support; below that, next support ~13.77. Upside resistance sits near ~16.31 (R1) then ~17.10 (R2).
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Note: Pattern-based forecast provided is cautious (60% chance of -10% to -11% over 1 week to 1 month). For a long-term buyer, that mainly argues for expecting volatility, not avoiding the position entirely.
Analyst Ratings and Price Target Trends
Recent trend: improving/constructive, highlighted by a fresh initiation. On 2026-01-22, JPMorgan initiated coverage with Overweight and a $20 price target (about 35% upside from ~$15.3), arguing for a multi-year upcycle driven by infrastructure spending, a ~$1B backlog, and expansion into offshore energy with margin expansion potential.
Wall Street pro view (pros): dominant U.S. dredging position, visibility from backlog, structural infrastructure tailwinds, and margin expansion story. Cons: execution/earnings variability typical of project-based contractors and potential near-term volatility around earnings.
Influential/political trading: No recent congress trading data available in the last 90 days, so there’s no confirmed signal from political flows.
Wall Street analysts forecast GLDD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLDD is 14 USD with a low forecast of 14 USD and a high forecast of 14 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast GLDD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLDD is 14 USD with a low forecast of 14 USD and a high forecast of 14 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 15.320
Current: 15.320
