Ultrapar Participações S.A. (UGP)

Ultrapar Participações Stock Forecast

Stock Price Forecast

The 3 analysts that cover Ultrapar Participações stock have a consensus rating of "Buy" and an average price target of $5.37, which forecasts a -6.28% decrease in the stock price over the next year. The lowest target is $4.50 and the highest is $6.00.

Price Target: $5.37 (-6.28%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$4.50	$5.37	$5.60	$6.00
Change	-21.47%	-6.28%	-2.27%	+4.71%

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	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	0	0
Hold	0	0	0	0	1	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Lilyanna Yang HSBC	HSBC	Strong Buy → Hold Downgrades $4.9 → $6	Strong Buy → Hold	Downgrades	$4.9 → $6	+4.71%	Apr 8, 2026
Alejandro Demichelis Jefferies	Jefferies	Sell → Hold Upgrades $3.1 → $5.6	Sell → Hold	Upgrades	$3.1 → $5.6	-2.27%	Mar 13, 2026
Bruno Amorim Goldman Sachs	Goldman Sachs	Strong Buy Maintains $4 → $4.5	Strong Buy	Maintains	$4 → $4.5	-21.47%	Sep 26, 2025
Bruno Amorim Goldman Sachs	Goldman Sachs	Hold Maintains $4.8 → $4.1	Hold	Maintains	$4.8 → $4.1	-28.45%	Jan 16, 2025
Rodolfo Angele JP Morgan	JP Morgan	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Jan 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

156.51B

Increased by 9.93%

from 142.37B

Revenue Next Year

161.60B

Increased by 3.25%

from 156.51B

EPS This Year

2.17

Decreased by -2.96%

from 2.24

EPS Next Year

2.70

Increased by 24.24%

from 2.17

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	109.73B	143.63B	126.05B	133.50B	142.37B	156.51B	161.60B
Revenue Growth	48.17%	30.90%	-12.24%	5.91%	6.65%	9.93%	3.25%
EPS	0.78	1.64	2.21	2.11	2.24	2.17	2.70
EPS Growth	-4.91%	111.41%	34.72%	-4.26%	5.99%	-2.96%	24.24%
Forward PE	-	-	-	-	-	13.22	10.64
No. Analysts	-	-	-	-	-	14	12

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	198.4B	183.8B
Avg	156.5B	161.6B
Low	131.9B	140.3B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	39.3%	17.4%
Avg	9.9%	3.3%
Low	-7.3%	-10.4%

EPS Forecast

EPS	2026	2027	2028
High	2.63	3.01
Avg	2.17	2.70
Low	1.69	2.39

EPS Growth

EPS Growth	2026	2027	2028
High	17.2%	38.6%
Avg	-3.0%	24.2%
Low	-24.8%	10.0%

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.