Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE: PBR · Real-Time Price · USD
14.56
-0.29 (-1.95%)
Sep 26, 2024, 4:00 PM EDT - Market closed
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 25.00% from the current stock price of 14.56.
Analyst Consensus: Strong Buy
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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 5 | 5 | 4 | 4 |
| Buy | 3 | 3 | 1 | 1 | 2 | 2 |
| Hold | 2 | 3 | 2 | 2 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 8 | 8 | 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 | +30.49% | Sep 25, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $18 → $20 | Hold → Buy | Upgrades | $18 → $20 | +37.36% | Aug 26, 2024 |
| UBS | UBS | Strong Buy Maintains $19 → $18 | Strong Buy | Maintains | $19 → $18 | +24.31% | Aug 19, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $19 → $17 | Strong Buy | Maintains | $19 → $17 | +14.70% | Aug 13, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $17 → $18 | Hold → Strong Buy | Upgrades | $17 → $18 | +22.94% | Jun 27, 2024 |
Financial Forecast
Revenue This Year
516.32B
from 511.99B
Increased by 0.84%
Revenue Next Year
519.65B
from 516.32B
Increased by 0.65%
EPS This Year
7.96
from 9.57
Decreased by -16.84%
EPS Next Year
9.10
from 7.96
Increased by 14.31%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 565.2B | 571.3B | 609.9B | ||
| Avg | 516.3B | 519.7B | 546.8B | ||
| Low | 454.0B | 435.8B | 455.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.4% | 10.6% | 17.4% | ||
| Avg | 0.8% | 0.6% | 5.2% | ||
| Low | -11.3% | -15.6% | -12.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.02 | 10.35 | 10.85 |
| Avg | 7.96 | 9.10 | 9.69 |
| Low | 6.10 | 6.93 | 7.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.8% | 30.1% | 19.3% |
| Avg | -16.8% | 14.3% | 6.5% |
| Low | -36.3% | -12.9% | -15.8% |
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.