Petroleo Brasileiro SA Petrobras has a consensus price target of $16.81 based on the ratings of 12 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 UBS, UBS, and Jefferies on January 14, 2026, August 22, 2025, and May 15, 2025, respectively. With an average price target of $14.77 between UBS, UBS, and Jefferies, there's an implied 10.03% upside for Petroleo Brasileiro SA Petrobras from these most-recent analyst ratings.
1calculated from analyst ratings
| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 01/14/2026 | Buy Now | 8.79% | UBS | $14.4 → $14.6 | Maintains | Buy | Get Alert |
| 08/22/2025 | Buy Now | 7.3% | UBS | $15.8 → $14.4 | Maintains | Buy | Get Alert |
| 05/15/2025 | Buy Now | 14.01% | Jefferies | → $15.3 | Upgrade | Hold → Buy | Get Alert |
| 04/22/2025 | Buy Now | 17.73% | UBS | $16.3 → $15.8 | Maintains | Buy | Get Alert |
| 11/22/2024 | Buy Now | 20.72% | Jefferies | $15.5 → $16.2 | Maintains | Hold | Get Alert |
| 11/12/2024 | Buy Now | 26.68% | Goldman Sachs | $15.4 → $17 | Maintains | Buy | Get Alert |
| 09/25/2024 | Buy Now | 41.58% | JP Morgan | $16.5 → $19 | Upgrade | Neutral → Overweight | Get Alert |
| 09/18/2024 | Buy Now | 37.85% | B of A Securities | $17.9 → $18.5 | Maintains | Buy | Get Alert |
| 08/26/2024 | Buy Now | 49.03% | Morgan Stanley | $18 → $20 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 08/19/2024 | Buy Now | 34.87% | UBS | $19.4 → $18.1 | Maintains | Buy | Get Alert |
| 08/13/2024 | Buy Now | 24.44% | Goldman Sachs | $19.3 → $16.7 | Maintains | Buy | Get Alert |
| 07/02/2024 | Buy Now | 41.58% | Morgan Stanley | $19 → $19 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 06/27/2024 | Buy Now | 33.38% | B of A Securities | $16.8 → $17.9 | Upgrade | Neutral → Buy | Get Alert |
| 06/05/2024 | Buy Now | 44.56% | UBS | $17.4 → $19.4 | Maintains | Buy | Get Alert |
| 05/15/2024 | Buy Now | 31.89% | Jefferies | $21.2 → $17.7 | Downgrade | Buy → Hold | Get Alert |
| 03/25/2024 | Buy Now | 29.66% | UBS | $17.2 → $17.4 | Maintains | Buy | Get Alert |
| 03/25/2024 | Buy Now | 34.13% | HSBC | → $18 | Upgrade | Hold → Buy | Get Alert |
| 03/12/2024 | Buy Now | 31.15% | Goldman Sachs | $19.7 → $17.6 | Maintains | Buy | Get Alert |
| 03/11/2024 | Buy Now | 34.13% | Morgan Stanley | $20 → $18 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 03/08/2024 | Buy Now | 19.23% | B of A Securities | $20.2 → $16 | Downgrade | Buy → Neutral | Get Alert |
| 02/07/2024 | Buy Now | 37.85% | JP Morgan | $17 → $18.5 | Maintains | Neutral | Get Alert |
| 11/28/2023 | Buy Now | 28.17% | UBS | $17.5 → $17.2 | Maintains | Buy | Get Alert |
| 09/21/2023 | Buy Now | 57.97% | Jefferies | → $21.2 | Initiates | → Buy | Get Alert |
| 09/08/2023 | Buy Now | 11.77% | Bradesco Corretora | → $15 | Upgrade | Neutral → Outperform | Get Alert |
| 08/24/2023 | Buy Now | 30.4% | UBS | $13.1 → $17.5 | Upgrade | Neutral → Buy | Get Alert |
| 08/23/2023 | Buy Now | 34.13% | B of A Securities | $13 → $18 | Upgrade | Neutral → Buy | Get Alert |
| 08/10/2023 | Buy Now | -3.13% | HSBC | → $13 | Downgrade | Buy → Hold | Get Alert |
| 08/10/2023 | Buy Now | 4.32% | Citigroup | $19 → $14 | Downgrade | Buy → Neutral | Get Alert |
| 08/04/2023 | Buy Now | 8.05% | JP Morgan | $15 → $14.5 | Downgrade | Overweight → Neutral | Get Alert |
| 07/31/2023 | Buy Now | -1.64% | B of A Securities | $11 → $13.2 | Maintains | Neutral | Get Alert |
| 07/27/2023 | Buy Now | -25.48% | Bradesco Corretora | → $10 | Maintains | Neutral | Get Alert |
| 06/21/2023 | Buy Now | 34.87% | Goldman Sachs | $13 → $18.1 | Upgrade | Neutral → Buy | Get Alert |
| 06/13/2023 | Buy Now | -3.13% | Goldman Sachs | $12.5 → $13 | Maintains | Neutral | Get Alert |
| 06/12/2023 | Buy Now | 15.5% | JP Morgan | $11.5 → $15.5 | Upgrade | Neutral → Overweight | Get Alert |
| 06/07/2023 | Buy Now | 22.95% | Morgan Stanley | $12.5 → $16.5 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 05/15/2023 | Buy Now | -6.86% | Goldman Sachs | $10.9 → $12.5 | Maintains | Neutral | Get Alert |
The latest price target for Petrobras Brasileiro (NYSE:PBR) was reported by UBS on January 14, 2026. The analyst firm set a price target for $14.60 expecting PBR to rise to within 12 months (a possible 8.79% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Petrobras Brasileiro (NYSE:PBR) was provided by UBS, and Petrobras Brasileiro maintained their buy rating.
The last upgrade for Petroleo Brasileiro SA Petrobras happened on May 15, 2025 when Jefferies raised their price target to $15.3. Jefferies previously had a hold 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 January 14, 2026 so you should expect the next rating to be made available sometime around January 14, 2027.
While ratings are subjective and will change, the latest Petrobras Brasileiro (PBR) rating was a maintained with a price target of $14.40 to $14.60. The current price Petrobras Brasileiro (PBR) is trading at is $13.42, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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