Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE: PBR · IEX Real-Time Price · USD
16.23
+0.65 (4.14%)
Apr 19, 2024, 12:01 PM EDT - Market open
Petrobras Stock Forecast
Stock Price Forecast
The 9 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 21.2. The average target predicts an increase of 3.54% from the current stock price of 16.23.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Petrobras stock from 10 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 5 | 5 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 3 | 3 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $17 → $17 | Strong Buy | Maintains | $17 → $17 | +7.24% | Mar 25, 2024 |
| HSBC | HSBC | Hold → Strong Buy Upgrades $18 | Hold → Strong Buy | Upgrades | $18 | +10.94% | Mar 25, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $20 → $18 | Strong Buy | Maintains | $20 → $18 | +8.47% | Mar 12, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $16 | Strong Buy → Hold | Downgrades | $16 | -1.39% | Mar 8, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $21 | Strong Buy | Initiates | $21 | +30.66% | Sep 21, 2023 |
Financial Forecast
Revenue This Year
519.46B
from 124.47B
Increased by 317.33%
Revenue Next Year
509.06B
from 519.46B
Decreased by -2.00%
EPS This Year
9.73
from 5.62
Increased by 73.09%
EPS Next Year
9.06
from 9.73
Decreased by -6.81%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 548.5B | 557.5B | 535.7B | 559.7B |
| Avg | 519.5B | 509.1B | 492.6B | 510.3B |
| Low | 470.0B | 434.1B | 407.7B | 443.1B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 340.6% | 7.3% | 5.2% | 13.6% |
| Avg | 317.3% | -2.0% | -3.2% | 3.6% |
| Low | 277.6% | -16.4% | -19.9% | -10.0% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 10.39 | 10.78 | 10.25 | 9.51 |
| Avg | 9.73 | 9.06 | 8.12 | 8.32 |
| Low | 8.51 | 7.30 | 6.27 | 7.40 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 84.9% | 10.9% | 13.1% | 17.1% |
| Avg | 73.1% | -6.8% | -10.5% | 2.5% |
| Low | 51.4% | -24.9% | -30.8% | -8.8% |
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.