The latest price target for Petrobras Brasileiro (NYSE:PBR) was reported by Morgan Stanley on August 26, 2024. The analyst firm set a price target for $20.00 expecting PBR to rise to within 12 months (a possible 36.80% upside). 10 analyst firms have reported ratings in the last year.

The latest analyst rating for Petrobras Brasileiro (NYSE:PBR) was provided by Morgan Stanley, and Petrobras Brasileiro upgraded their overweight rating.

The last upgrade for Petroleo Brasileiro SA Petrobras happened on August 26, 2024 when Morgan Stanley raised their price target to $20. Morgan Stanley previously had an equal-weight for Petroleo Brasileiro SA Petrobras.

The last downgrade for Petroleo Brasileiro SA Petrobras happened on May 15, 2024 when Jefferies changed their price target from $21.2 to $17.7 for Petroleo Brasileiro SA Petrobras.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Petrobras Brasileiro, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Petrobras Brasileiro was filed on August 26, 2024 so you should expect the next rating to be made available sometime around August 26, 2025.

While ratings are subjective and will change, the latest Petrobras Brasileiro (PBR) rating was a upgraded with a price target of $18.00 to $20.00. The current price Petrobras Brasileiro (PBR) is trading at is $14.62, which is out of the analyst’s predicted range.