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| INSTITUTION | ANALYST | DATE | TARGET PRICE | RECOMMENDATION |
|---|---|---|---|---|
| Banco do Brasil | Mary Silva | 10/10/2025 | R$22.00 | Buy |
| Bank of America | Caio Ribeiro | 08/20/2026 | R$25.50 | Neutral |
| Bradesco | Rafael Barcellos | 05/06/2026 | R$24.00 | Neutral |
| BTG Pactual | Leonardo Correa | 06/05/2026 | R$28.00 | Buy |
| Citi | Gabriel Barra | 07/13/2026 | R$29.00 | Buy |
| Genial | Luca Vello | 07/14/2026 | R$27.00 | Buy |
| Goldman Sachs | Marcio Farid | 08/23/2026 | R$27.00 | Neutral |
| HSBC | Jon Brandt | 08/20/2026 | R$24.50 | Neutral |
| Itaú | Daniel Sasson | 08/10/2026 | R$29.00 | Neutral |
| JP Morgan | Rodolfo Angele | 06/24/2026 | R$32.00 | Buy |
| Morgan Stanley | Carlos de Alba | 07/15/2026 | R$26.00 | Neutral |
| Safra | Ricardo Monegaglia | 06/17/2026 | R$30.00 | Buy |
| Santander | Yuri Pereira | 12/17/2025 | R$30.00 | Buy |
| Scotiabank | Alfonso Salazar | 03/26/2026 | R$22.00 | Buy |
| UBS | Caio Greiner | 06/01/2025 | R$28.00 | Buy |
| XP | Lucas Laghi | 08/11/2026 | R$30.00 | Buy |
| Legend | |
| Buy | The analyst expects the stock to outperform the market average. |
|---|---|
| Neutral | The analyst expects the stock to perform in line with the market average. |
| Sell | The analyst expects the stock to underperform the market average. |
Last updated: August 25, 2026
| Institution | Net Sales | EBITDA | EBITDA Margin | Net Income | ||||
|---|---|---|---|---|---|---|---|---|
| 2026 | 2027 | 2026 | 2027 | 2026 | 2027 | 2026 | 2027 | |
| Banco do Brasil | 69,155 | 71,996 | 11,389 | 11,459 | 16.5% | 15.9% | 4,092 | 4,753 |
| Bank of America | 69,812 | 69,669 | 12,964 | 11,665 | 18.6% | 16.7% | 5,399 | 4,668 |
| Bradesco | 68,828 | 71,558 | 12,258 | 12,444 | 17.8% | 17.4% | 4,979 | 5,549 |
| BTG Pactual | 69,418 | 71,390 | 12,872 | 13,344 | 18.5% | 18.7% | 5,594 | 6,146 |
| Citi | 71,672 | 75,630 | 12,844 | 13,988 | 17.9% | 18.5% | 5,091 | 5,805 |
| Genial | 69,900 | 72,000 | 12,300 | 12,800 | 17.6% | 17.8% | 5,100 | 5,500 |
| Goldman Sachs | 69,881 | 72,055 | 13,017 | 13,887 | 18.6% | 19.3% | 5,209 | 5,900 |
| HSBC | 72,340 | 75,840 | 13,062 | 13,259 | 18.1% | 17.5% | 5,292 | 5,541 |
| Itaú | 71,164 | 76,373 | 13,041 | 13,908 | 18.3% | 18.2% | 5,927 | 6,516 |
| JP Morgan | 67,901 | 68,550 | 12,181 | 13,001 | 17.9% | 19.0% | 4,987 | 5,836 |
| Morgan Stanley | 71,715 | 74,476 | 13,565 | 12,496 | 18.9% | 16.8% | 5,779 | 5,086 |
| Safra | 71,023 | 73,776 | 12,631 | 14,452 | 17.8% | 19.6% | 5,438 | 6,746 |
| Santander | 71,264 | 73,022 | 11,738 | 12,204 | 16.5% | 16.7% | 4,991 | 5,309 |
| Scotiabank | 72,298 | 75,546 | 10,973 | 12,821 | 15.2% | 17.0% | 3,977 | 5,138 |
| UBS | 69,135 | 70,266 | 12,447 | 12,937 | 18.0% | 18.4% | 5,692 | 6,425 |
| XP | 70,989 | 72,623 | 13,595 | 13,767 | 19.2% | 19.0% | 5,746 | 6,231 |
