Institution |
Analyst |
Target Price |
Rating |
Date |
Bank of America Merrill Lynch |
Caio Ribeiro |
R$66.00 |
Buy |
Oct-23 |
Bradesco BBI |
Rafael Barcellos |
R$72.50 |
Outperform |
Feb-24 |
BTG Pactual |
Leonardo Correa |
R$79.00 |
Buy |
Dec-23 |
Citibank |
Stefan Weskott |
R$70.00
|
Buy |
Nov-23 |
CICC |
Yan Chen |
R$62.20
|
Neutral |
Mar-24 |
Goldman Sachs |
Marcio Farid |
R$53.00 |
Neutral |
Oct-23 |
HSBC |
Jonathan Brandt |
R$65.00 |
Buy |
Oct-23 |
Itau BBA |
Daniel Sasson |
R$63.00 |
Outperform |
Jan-24 |
J.P. Morgan |
Rodolfo Angele |
R$74.00 |
Overweight
|
Jan-24 |
Morgan Stanley |
Jens Spiess |
R$47.00 |
Underweight |
Jan-24 |
Santander |
Arthur Biscuola |
R$75.00 |
Outperform |
Dec-23 |
Scotiabank |
Alfonso Salazar |
R$67.00 |
Outperform |
Jan-24 |
UBS |
Cleve Rueckert |
R$53.00 |
Neutral |
Sep-22 |
XP Investimentos |
Lucas Laghi |
R$73.00 |
Buy |
Nov-23 |
Average |
|
R$65.69 |
|
|
Lowest |
|
R$47.00 |
|
|
Highest |
|
R$79.00 |
|
|
Source: Bloomberg and Brokers' Researches
Legend of recommendations:
Buy/ Outperform/ Overweight = expectation from an analyst that the
stock will outperform, within the next 12 months, the average return rate of
all stocks this analyst covers
Neutral/ Market perform/ Equal weight = expectation from an analyst
that, within the next 12 months, the stock will perform in line with the
average return rate of all stocks this analyst covers
Sell/ Underperform/ Underweight = expectation from an analyst
that the stock will underperform, within the next 12 months, the average
return rate of all stocks this analyst covers
Analyst Estimates
(R$ million) |
Net Revenue |
EBITDA |
Net Income |
Date |
2023e |
2024e |
2025e |
2023e |
2024e |
2025e |
2023e |
2024e |
2025e |
Bank of America Merrill Lynch |
38,564 |
39,906 |
53,230 |
17,769 |
18,827 |
26,994 |
13,956 |
8,417 |
10,834 |
Oct-23 |
Bradesco BBI |
39,515 |
42,143 |
- |
18,229 |
19,687 |
- |
- |
- |
- |
Feb-24 |
BTG Pactual |
39,681 |
39,353 |
48,650 |
18,338 |
18,144 |
24,429 |
14,646 |
4,580 |
8,647 |
Dec-23 |
Citibank |
39,206 |
41,969 |
48,725 |
18,306 |
19,610 |
24,053 |
12,416 |
7,892 |
8,662 |
Nov-23 |
CICC |
40,017 |
43,572 |
48,817 |
23,758 |
24,008 |
25,875 |
9,588 |
9,913 |
11,790 |
Aug-23 |
Goldman Sachs |
38,964 |
38,769 |
45,275 |
18,184 |
17,430 |
21,711 |
9,587 |
3,081 |
4,506 |
Oct-23 |
HSBC |
38,745 |
37,478 |
41,198 |
18,200 |
17,143 |
19,521 |
11,282 |
6,294 |
4,714 |
Oct-23 |
Itaú BBA |
39,298 |
43,343 |
49,628 |
18,163 |
20,746 |
24,309 |
13,627 |
7,846 |
6,017 |
Jan-24 |
JP Morgan |
40,386 |
40,514 |
44,772 |
18,634 |
17,292 |
19,760 |
10,375 |
2,958 |
4,167 |
Oct-23 |
Morgan Stanley |
38,971 |
40,766 |
48,866 |
17,792 |
18,616 |
24,289 |
13,318 |
1,772 |
7,473 |
Jan-24 |
Santander |
39,019 |
45,006 |
47,205 |
18,646 |
22,841 |
24,271 |
10,116 |
6,343 |
7,512 |
Dec-23 |
Scotiabank |
39,617 |
40,258 |
45,778 |
18,140 |
18,032 |
23,017 |
14,380 |
4,402 |
7,961 |
Jan-24 |
UBS |
39,321 |
34,276 |
37,644 |
19,990 |
15,898 |
18,585 |
17,489 |
6,936 |
1,168 |
Sep-22 |
XP Investimentos |
39,472 |
40,871 |
46,220 |
18,617 |
19,319 |
22,245 |
10,667 |
10,924 |
8,304 |
Nov-23 |
Average |
39,350 |
40,212 |
45,302 |
19,034 |
19,087 |
22,156 |
12,637 |
6,203 |
5,937 |
|
Minimum |
38,564 |
34,276 |
37,644 |
17,769 |
15,898 |
18,585 |
9,587 |
1,772 |
1,168 |
|
Maximum |
40,386 |
45,006 |
53,230 |
23,758 |
24,008 |
26,994 |
17,489 |
10,924 |
11,790 |
|
Source: Bloomberg and Brokers' Researches