Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE: PBR · Real-Time Price · USD
13.57
+0.17 (1.26%)
Nov 7, 2024, 3:32 PM EST - Market open
Petrobras Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Petrobras stock have an average target of 18.2, with a low estimate of 16.7 and a high estimate of 20. The average target predicts an increase of 34.13% from the current stock price of 13.57.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 25, 2024.
Analyst Ratings
The average analyst rating for Petrobras stock from 7 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 4 | 4 | 4 |
| Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold → Buy Upgrades $17 → $19 | Hold → Buy | Upgrades | $17 → $19 | +40.03% | Sep 25, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $18 → $20 | Hold → Buy | Upgrades | $18 → $20 | +47.40% | Aug 26, 2024 |
| UBS | UBS | Strong Buy Maintains $19 → $18 | Strong Buy | Maintains | $19 → $18 | +33.39% | Aug 19, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $19 → $17 | Strong Buy | Maintains | $19 → $17 | +23.08% | Aug 13, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $17 → $18 | Hold → Strong Buy | Upgrades | $17 → $18 | +31.92% | Jun 27, 2024 |
Financial Forecast
Revenue This Year
499.19B
from 511.99B
Decreased by -2.50%
Revenue Next Year
494.03B
from 499.19B
Decreased by -1.03%
EPS This Year
6.47
from 9.57
Decreased by -32.40%
EPS Next Year
8.19
from 6.47
Increased by 26.63%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 567.1B | 582.1B | 636.8B | ||
| Avg | 499.2B | 494.0B | 518.1B | ||
| Low | 422.6B | 402.8B | 423.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.8% | 16.6% | 28.9% | ||
| Avg | -2.5% | -1.0% | 4.9% | ||
| Low | -17.5% | -19.3% | -14.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.20 | 11.19 | 11.31 |
| Avg | 6.47 | 8.19 | 8.86 |
| Low | 5.45 | 5.85 | 6.96 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -24.8% | 73.0% | 38.1% |
| Avg | -32.4% | 26.6% | 8.2% |
| Low | -43.1% | -9.6% | -15.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.