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Petrobras Brasileiro

PBRNYSE
Logo brought to you by Benzinga Data
$14.58
-0.16-1.09%
At Close: -
$14.55
-0.03-0.21%
After Hours: 5:22 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$20.00
Lowest Price Target1
$14.00
Consensus Price Target1
$16.89

Petrobras Brasileiro (NYSE:PBR) Stock, Analyst Ratings, Price Targets, Forecasts

Petroleo Brasileiro SA Petrobras has a consensus price target of $16.89 based on the ratings of 11 analysts. The high is $20 issued by Morgan Stanley on August 26, 2024. The low is $14 issued by Citigroup on August 10, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, UBS, and Goldman Sachs on August 26, 2024, August 19, 2024, and August 13, 2024, respectively. With an average price target of $18.27 between Morgan Stanley, UBS, and Goldman Sachs, there's an implied 25.54% upside for Petroleo Brasileiro SA Petrobras from these most-recent analyst ratings.

Analyst Trends and Forecast
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Buy
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Analyst Rating and Forecast
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3.9
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Morgan Stanley
UBS
Goldman Sachs
B of A Securities
Jefferies

1calculated from analyst ratings

Analyst Ratings for Petrobras Brasileiro

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Petrobras Brasileiro (PBR) stock?

A

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 37.46% upside). 10 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Petrobras Brasileiro (PBR)?

A

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

Q

When was the last upgrade for Petrobras Brasileiro (PBR)?

A

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.

Q

When was the last downgrade for Petrobras Brasileiro (PBR)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Petrobras Brasileiro (PBR)?

A

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.

Q

Is the Analyst Rating Petrobras Brasileiro (PBR) correct?

A

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 $14.55, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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