Should You Buy Gates Industrial Corporation PLC (GTES) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy now for a beginner long-term investor. GTES is trading around $22.96 (near support/pivot), fundamentals in the latest reported quarter show strong earnings/EPS growth, options positioning is skewed bullish (low put/call open interest), and most Wall Street targets still imply meaningful upside despite recent target trims. With no proprietary buy signals today, this is more of a steady long-term accumulation buy than a tactical short-term trade.
Technical Analysis
Trend is neutral-to-slightly bullish but not a strong momentum breakout. MACD histogram is above zero (0.0218) but positively contracting, implying upside momentum exists yet is cooling. RSI(6) at ~52 is neutral. Moving averages are converging, consistent with consolidation. Key levels: Pivot 23.039 (price ~22.96 is just below), Support S1 22.347 then S2 21.92; Resistance R1 23.73 then R2 24.157. A clean push above ~23.04 improves near-term technical tone; holding above ~22.35 keeps the base intact.
Analyst Ratings and Price Target Trends
Recent trend: price targets have been trimmed across multiple firms after Q3, but most maintained constructive stances. Examples: UBS Buy (PT cut to $28), JPMorgan Overweight (PT cut to $32), Citi Buy (PT cut to $28), RBC Outperform (PT cut to $26). Barclays and Wells Fargo sit closer to neutral (Equal Weight), with Wells initiating at $23. Wall Street pros: resilient execution and earnings power despite uncertain demand; multiple Buy/Overweight/Outperform ratings with targets well above the current ~$23 level. Wall Street cons: subdued macro, slower organic growth expectations, and margin pressure; the repeated PT cuts show expectations are being dialed back even if the longer-term view stays positive.
Wall Street analysts forecast GTES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTES is 27.25 USD with a low forecast of 23 USD and a high forecast of 32 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 GTES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GTES is 27.25 USD with a low forecast of 23 USD and a high forecast of 32 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: 22.960
Current: 22.960
