| Institution |
Analyst |
Target Price |
Rating |
Date |
| Banco do Brasil |
Mary Cleia da Silva |
R$68.00 |
Neutral |
Aug-24 |
| Bank of America |
Caio Ribeiro |
R$95.00 |
Buy |
Mar-25 |
| Bradesco BBI |
Rafael Barcellos |
R$85.00 |
Outperform |
Jan-25 |
| BTG Pactual |
Leonardo Correa |
R$81.00 |
Buy |
Mar-25 |
| CICC |
Yan Chen |
R$86.10
|
Buy |
Feb-25 |
| Citibank |
Stefan Weskott |
R$87.00
|
Buy |
Jan-25 |
| Genial Investimentos |
Igor Guedes |
R$72.00 |
Buy |
Feb-25 |
| Goldman Sachs |
Marcio Farid |
R$68.00 |
Neutral |
Jan-25 |
| HSBC |
Jonathan Brandt |
R$80.00 |
Buy |
Feb-25 |
| Itau BBA |
Daniel Sasson |
R$77.00 |
Outperform |
Feb-25 |
| J.P. Morgan |
Rodolfo Angele |
R$80.50 |
Overweight
|
Jan-25 |
| Morgan Stanley |
Eugenia Cavalheiro |
R$82.00 |
Overweight |
Mar-25 |
| Safra |
Ricardo Monegaglia |
R$80.00 |
Outperform |
Oct-24 |
| Santander |
Yuri Pereira |
R$80.00 |
Outperform |
Dec-24 |
| Scotiabank |
Alfonso Salazar |
R$78.00 |
Outperform |
Jan-25 |
| XP Investimentos |
Lucas Laghi |
R$92.00 |
Buy |
Jan-25 |
| |
|
|
|
|
| Average |
|
R$80.73 |
|
|
| Lowest |
|
R$68.00 |
|
|
| Highest |
|
R$95.00 |
|
|
Source: Bloomberg and Brokers' Researches
Legend of recommendations:
Buy/ Outperform/ Overweight = expectation from an analyst that the
stock will outperform, within the next 12 months, the average return rate of
all stocks this analyst covers
Neutral/ Market perform/ Equal weight = expectation from an analyst
that, within the next 12 months, the stock will perform in line with the
average return rate of all stocks this analyst covers
Sell/ Underperform/ Underweight = expectation from an analyst
that the stock will underperform, within the next 12 months, the average
return rate of all stocks this analyst covers
Analyst Estimates
| (R$ million) |
Net Revenue |
EBITDA |
Net Income |
Date |
| 2025e |
2026e |
2025e |
2026e |
2025e |
2026e |
| Banco do Brasil |
51,778 |
53,324 |
26,260 |
27,524 |
10,224 |
10,697 |
Aug-24 |
| Bank of America |
51,877 |
55,541 |
25,490 |
28,617 |
12,210 |
8,805 |
Jan-25 |
| Bradesco |
57,014 |
59,112 |
28,239 |
28,541 |
15,186 |
12,580 |
Jan-25 |
| BTG Pactual |
54,759 |
58,767 |
28,689 |
34,001 |
15,203 |
13,854 |
Mar-25 |
| CICC |
49,435 |
52,081 |
23,951 |
29,976 |
9,802 |
15,821 |
Aug-24 |
| Citibank |
54,352 |
59,804 |
28,798 |
32,548 |
11,775 |
16,965 |
Jan-25 |
| Genial Investimentos |
54,220 |
56,070 |
27,320 |
28,170 |
11,010 |
10,065 |
Feb-25 |
| Goldman Sachs |
49,320 |
55,276 |
25,154 |
29,774 |
7,790 |
10,568 |
Dec-24 |
| HSBC |
53,750 |
59,417 |
27,809 |
31,357 |
10,507 |
11,430 |
Dec-24 |
| Itaú BBA |
50,785 |
54,809 |
25,557 |
28,249 |
10,128 |
9,988 |
Dec-24 |
| JP Morgan |
45,758 |
51,356 |
21,446 |
25,245 |
7,869 |
9,787 |
Mar-24 |
| Morgan Stanley |
50,224 |
52,863 |
24,839 |
27,177 |
7,694 |
8,848 |
Dec-24 |
| Safra |
51,603 |
54,817 |
26,325 |
29,266 |
8,212 |
10,936 |
Oct-24 |
| Santander |
48,337 |
49,241 |
24,905 |
24,179 |
8,334 |
6,537 |
Dec-24 |
| Scotiabank |
52,666 |
56,044 |
27,692 |
29,985 |
16,372 |
13,484 |
Jan-25 |
| XP Investimentos |
57,404 |
60,946 |
29,978 |
32,323 |
12,970 |
12,883 |
Jan-25 |
| |
|
|
|
|
|
|
|
| Average |
54,464 |
58,116 |
26,992 |
29,560 |
12,958 |
11,140 |
|
| Minimum |
49,668 |
53,324 |
25,281 |
27,292 |
8,212 |
9,295 |
|
| Maximum |
59,723 |
63,874 |
31,993 |
36,800 |
16,636 |
17,115 |
|
Source: Bloomberg and Brokers' Researches