Ultrapar Participações Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, Ultrapar Participações stock has a consensus rating of "Buy" and an average price target of $6.39. The average 1-year stock price forecast is 30.67% higher than the current stock price, while the lowest is $5.00 (+2.25%) and the highest is $7.92 (+61.96%).

Price Target: $6.39 (+30.67%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$5.00	$6.39	$6.15	$7.92
Change	+2.25%	+30.67%	+25.77%	+61.96%

Analyst Ratings

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

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	2	2	2	2	2
Buy	3	3	3	3	3	3
Hold	1	2	3	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	1	1	0	0	0	0
Total	8	8	8	9	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst UBS No rating	UBS	Buy Maintains $7 → $7.2	Buy	Maintains	$7 → $7.2	+47.24%	Jun 17, 2026
Bruno Amorim Goldman Sachs	Goldman Sachs	Hold Reiterates $6.1 → $7.3	Hold	Reiterates	$6.1 → $7.3	+49.28%	May 12, 2026
Lilyanna Yang HSBC	HSBC	Hold Downgrades $4.9 → $6	Hold	Downgrades	$4.9 → $6	+22.70%	Apr 8, 2026

Financial Forecast

Revenue This Year

157.37B

from 142.37B

10.53%

from 142.37B

Revenue Next Year

157.20B

from 157.37B

-0.11%

from 157.37B

EPS This Year

2.45

from 1.33

84.22%

from 1.33

EPS Next Year

2.66

from 2.45

8.33%

from 2.45

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	109.73B	143.63B	126.05B	133.50B	142.37B	157.37B
Revenue Growth	48.17%	30.90%	-12.24%	5.91%	6.65%	10.53%
Gross Profit	4.90B	6.39B	8.76B	9.69B	9.36B	10.52B
Gross Margin	4.47%	4.45%	6.95%	7.26%	6.57%	6.69%
Operating Income	1.39B	2.16B	3.86B	4.90B	4.95B	6.26B
Net Income	850.46M	1.80B	2.44B	2.36B	2.45B	3.09B
EPS	-	-	-	-	1.33	2.45
EPS Growth	-	-	-	-	43.60%	84.22%
Forward PE	-	-	-	-	-	10.42
Dividend / Share	0.37	0.51	0.65	0.70	1.30	1.39
Dividend Growth	-	37.84%	27.45%	7.69%	85.71%	7.04%
Free Cash Flow	-6.98B	8.83B	1.68B	834.44M	1.85B	2.97B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is BRL.

Revenue Forecast

Revenue	2026	2027	2028
High	182.9B
Avg	157.4B
Low	137.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	28.4%
Avg	10.5%
Low	-3.7%

EPS Forecast

EPS	2026	2027	2028
High	2.96
Avg	2.45
Low	2.13

EPS Growth

EPS Growth	2026	2027	2028
High	122.5%
Avg	84.2%
Low	60.1%