Multiple Analysts Reaffirm Gates Industrial Corporation (GTES) Upside in 2026

Gates Industrial Corporation plc (NYSE:GTES) is one of the 10 most undervalued industrial stocks to buy according to analysts. On January 15, RBC Capital reiterated its Buy rating on Gates Industrial Corporation plc (NYSE:GTES) and set a price target of $29. On January 9, Citi had also reiterated its Buy rating on the stock. However, Andrew Kaplowitz, the analyst at Citi, cut the firm’s price target for the shares from $28 to $27. This target price adjustment reflects broader changes the firm made to its price targets as part of its fourth-quarter outlook. The firm’s revised price target suggests a further 15.7% upside from current levels.

In addition to Citi, financial services firm UBS also presented a similar stance on the shares on January 5. UBS analyst Damian Karas lowered the firm’s price target for the stock from $29 to $28 while maintaining a Buy rating. The revised price target offers an additional upside of 22.86% from the current levels.

However, unlike Citi and UBS, Barclays reaffirmed its price target and Buy rating for the stock on January 7. Barclays analyst Julian Mitchell maintained the firm’s $26 price target for the shares, implying a further 11.5% upside from current levels.

Gates Industrial Corporation plc (NYSE:GTES) is a manufacturer and seller of engineered power transmission and fluid power solutions worldwide. The company operates through the Fluid Power and Power Transmission segments. It sells its products to replacement channel customers and to original equipment manufacturers.

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Disclosure: None. This article is originally published at Insider Monkey.