Banco Bradesco Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Banco Bradesco stock has a target of 3.20, which predicts an increase of 34.17% from the current stock price of 2.39.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.20	$3.20	$3.20	$3.20
Change	+34.17%	+34.17%	+34.17%	+34.17%

* Price targets were last updated on Aug 20, 2024.

Analyst Ratings

The average analyst rating for Banco Bradesco stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	1	1	1	1
Buy	0	0	0	0	0	0
Hold	3	3	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tito Labarta Goldman Sachs	Goldman Sachs	Strong Buy Maintains $2.5 → $3.2	Strong Buy	Maintains	$2.5 → $3.2	+34.17%	Aug 20, 2024
Tito Labarta Goldman Sachs	Goldman Sachs	Strong Sell → Hold Upgrades $2.8	Strong Sell → Hold	Upgrades	$2.8	+17.40%	Feb 20, 2024
Inigo Vega Jefferies	Jefferies	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Feb 9, 2024
Tito Labarta Goldman Sachs	Goldman Sachs	Strong Sell Maintains $3.2 → $2.8	Strong Sell	Maintains	$3.2 → $2.8	+17.40%	Feb 8, 2024
Tito Labarta Goldman Sachs	Goldman Sachs	Hold → Strong Sell Downgrades $3.2	Hold → Strong Sell	Downgrades	$3.2	+34.17%	Jan 9, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

122.90B

Revenue Next Year

136.00B

from 122.90B

10.66%

from 122.90B

EPS This Year

1.89

from 1.34

41.21%

from 1.34

EPS Next Year

2.42

from 1.89

27.72%

from 1.89

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	122.90B	136.00B	148.05B
Revenue Growth	18.11%	-26.31%	48.35%	-10.42%	-17.81%	-	10.66%	8.86%
EPS	1.97	1.48	2.17	1.99	1.34	1.89	2.42	2.91
EPS Growth	26.77%	-24.67%	46.54%	-8.25%	-32.75%	41.21%	27.72%	20.39%
Forward PE	-	-	-	-	-	7.33	5.74	4.77
No. Analysts	-	-	-	-	-	14	14	12

Financial currency is BRL. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	135.6B	143.6B	160.5B
Avg	122.9B	136.0B	148.1B
Low	108.0B	118.7B	127.9B

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	16.8%	18.0%
Avg	-	10.7%	8.9%
Low	-	-3.4%	-5.9%

EPS Forecast

EPS	2024	2025	2026
High	2.31	2.60	3.18
Avg	1.89	2.42	2.91
Low	1.67	2.23	2.55

EPS Growth

EPS Growth	2024	2025	2026
High	72.5%	37.7%	31.7%
Avg	41.2%	27.7%	20.4%
Low	24.3%	17.8%	5.5%

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.