Price targets for Banco Bradesco have shifted, with the fair value estimate moving from about R$22.83 to roughly R$22.25 per share and some individual targets moving from R$21 to R$16. Analysts link these changes to a more cautious tone after the Q3 report and to a higher for longer rate backdrop, with several moving ratings toward neutral and reworking their valuation frameworks. As you read on, you will see how these updated price targets fit into the broader analyst narrative and how to keep track of its next moves.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
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Several firms still discuss Banco Bradesco as a core part of Brazil financials coverage, which keeps investor attention on how the stock might respond if macro conditions or rates change over time.
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Itau BBA maintains a R$20 price target, which signals some support for current valuation levels even as it flags a more challenging earnings outlook.
🐻 Bearish Takeaways
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Citi moved Banco Bradesco to Neutral from Buy and reduced its price target to R$16 from R$21. The bank cites a higher for longer rate backdrop and a need for higher risk premiums, and it now prefers financial companies with more resilient earnings and stronger cash flow profiles.
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JPMorgan downgraded Banco Bradesco to Neutral from Overweight with a price target of R$18, down from R$26. The firm points to challenging trends under Brazil's post election macro setup and expects loan growth to slow as government backed programs and private payroll channels lose momentum.
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Itau BBA cut its rating to Market Perform from Outperform with a R$20 price target. The research highlights a more difficult 2027 earnings outlook following the Q3 report, which feeds into the recent cluster of more cautious ratings on Banco Bradesco.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!
We've flagged 4 risks for Banco Bradesco. See which could impact your investment.
How This Changes the Fair Value For Banco Bradesco
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Fair Value moved from about R$22.83 to roughly R$22.25 per share.
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Revenue Growth assumption moved from around 29.25% to roughly 28.93%.
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Profit Margin expectation moved from about 15.55% to roughly 18.46%.
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Future P/E multiple moved from about 13.26x to roughly 10.66x.
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Discount Rate shifted from about 19.90% to around 19.88%.
Never Miss an Update: Follow The Narrative
Narratives connect Banco Bradesco's business story to analysts' forecasts and fair value estimates so you can see how new information shapes the outlook. They refresh as fresh research, results, and risk signals come through.
Head over to the Simply Wall St Community and follow the Narrative on Banco Bradesco to stay up to date on:
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How Bradesco leans on secured and government backed lending, plus digital origination, to support earnings around its current 16.2% ROAE level.
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The role of insurance, pensions, and savings products in adding more fee and protection income to the mix and supporting more stable earnings.
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Key credit risks around FGI and FGO backed SME loans, agribusiness exposures, and cost of risk trends that could pressure margins if credit quality weakens.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BBDC4.bovespa .
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