Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE: PBR · IEX Real-Time Price · USD
14.55
+0.05 (0.34%)
At close: Jul 2, 2024, 4:00 PM
14.53
-0.02 (-0.14%)
After-hours: Jul 2, 2024, 7:54 PM EDT
Petrobras Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Petrobras stock have an average target of 16.8, with a low estimate of 14 and a high estimate of 18. The average target predicts an increase of 15.46% from the current stock price of 14.55.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Petrobras stock from 8 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 4 | 5 |
| Buy | 3 | 3 | 3 | 3 | 3 | 1 |
| Hold | 3 | 3 | 2 | 2 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 10 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $17 → $18 | Hold → Strong Buy | Upgrades | $17 → $18 | +23.02% | Jun 27, 2024 |
| Jefferies | Jefferies | Strong Buy → Hold Downgrades $21 → $18 | Strong Buy → Hold | Downgrades | $21 → $18 | +21.65% | May 15, 2024 |
| UBS | UBS | Strong Buy Maintains $17 → $17 | Strong Buy | Maintains | $17 → $17 | +19.59% | Mar 25, 2024 |
| HSBC | HSBC | Hold → Strong Buy Upgrades $18 | Hold → Strong Buy | Upgrades | $18 | +23.71% | Mar 25, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $20 → $18 | Strong Buy | Maintains | $20 → $18 | +20.96% | Mar 12, 2024 |
Financial Forecast
Revenue This Year
506.92B
from 102.41B
Increased by 395.00%
Revenue Next Year
496.61B
from 506.92B
Decreased by -2.04%
EPS This Year
8.89
from 3.82
Increased by 132.64%
EPS Next Year
8.16
from 8.89
Decreased by -8.23%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 549.7B | 532.1B | 566.3B | 602.4B | 351.1B |
| Avg | 506.9B | 496.6B | 524.3B | 479.9B | 344.5B |
| Low | 441.6B | 416.2B | 447.8B | 351.1B | 327.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 436.8% | 5.0% | 14.0% | 14.9% | -26.8% |
| Avg | 395.0% | -2.0% | 5.6% | -8.5% | -28.2% |
| Low | 331.2% | -17.9% | -9.8% | -33.0% | -31.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.09 | 9.26 | 10.17 |
| Avg | 8.89 | 8.16 | 8.88 |
| Low | 7.66 | 6.65 | 7.43 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 164.1% | 4.2% | 24.8% |
| Avg | 132.6% | -8.2% | 8.9% |
| Low | 100.5% | -25.1% | -8.9% |
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.