Banco Bradesco (BBD) Stock Forecast & Price Target

$2.38 -0.01 (-0.42%)

(As of 11/22/2024 ET)

Banco Bradesco - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 3 Analyst Ratings

Sell
0

Hold
2

Buy
1

Based on 3 Wall Street analysts who have issued ratings for Banco Bradesco in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for BBD.

Consensus Price Target

$3.20
34.45% Upside

According to the 3 analysts' twelve-month price targets for Banco Bradesco, the average price target is $3.20. The highest price target for BBD is $3.20, while the lowest price target for BBD is $3.20. The average price target represents a forecasted upside of 34.45% from the current price of $2.38.

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BBD Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3.20	$3.20	$3.35	$3.07
Forecasted Upside	34.45% Upside	21.21% Upside	16.32% Upside	-7.35% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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BBD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BBD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Banco Bradesco Stock vs. The Competition

Type	Banco Bradesco	Finance Companies	S&P 500
Consensus Rating Score	2.33	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	34.45% Upside	10.25% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent BBD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/19/2024	The Goldman Sachs Group 2 of 5 stars	T. Labarta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$2.50 ➝ $3.20	+16.36%
2/9/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold
1/8/2024	HSBC 2 of 5 stars		Downgrade	Buy ➝ Hold
3/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	$3.50 ➝ $3.00	+13.21%
12/8/2022	Grupo Santander Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:52 AM ET.

Should I Buy Banco Bradesco Stock? BBD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 7, 2024. Please send any questions or comments about these Banco Bradesco pros and cons to contact@marketbeat.com.

Banco Bradesco
Bull Case

Here are some ways that investors could benefit from investing in Banco Bradesco S.A.:

Banco Bradesco S.A. has shown consistent revenue growth in recent quarters, surpassing analyst estimates, indicating a strong financial performance.
The company's stock price has been stable around the $2.60 range, providing a relatively predictable investment opportunity for those seeking stability.
Banco Bradesco S.A. has a low debt-to-equity ratio of 0.62, signifying a healthy financial structure and lower risk for investors.
The bank has a dividend yield of 1.50%, offering investors a steady income stream through regular dividend payments.
With a P/E ratio of 12.17 and a PEG ratio of 0.31, Banco Bradesco S.A. appears to be undervalued compared to its growth potential, presenting a good value investment opportunity.

Banco Bradesco
Bear Case

Investors should be bearish about investing in Banco Bradesco S.A. for these reasons:

The company's current ratio and quick ratio are both at 0.76, indicating potential liquidity challenges and a need for careful monitoring of financial health.
Banco Bradesco S.A. recently reduced its dividend payout, which may deter income-focused investors looking for higher dividend yields.
Despite beating earnings estimates, the bank's stock price has not shown significant growth, potentially limiting short-term capital appreciation for investors.
The market cap of Banco Bradesco S.A. at $29.52 billion may limit its growth potential compared to larger competitors in the industry.
While the company has a solid return on equity of 9.88%, the beta of 0.98 suggests that the stock's price movements may closely follow the overall market, potentially increasing volatility for investors.

BBD Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Banco Bradesco is $3.20, with a high forecast of $3.20 and a low forecast of $3.20.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Bradesco in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BBD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBD, but not buy additional shares or sell existing shares.
: According to analysts, Banco Bradesco's stock has a predicted upside of 34.45% based on their 12-month stock forecasts.
: Analysts like Banco Bradesco less than other "finance" companies. The consensus rating score for Banco Bradesco is 2.33 while the average consensus rating score for "finance" companies is 2.49. Learn more on how BBD compares to other companies.

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This page (NYSE:BBD) was last updated on 11/23/2024 by MarketBeat.com Staff

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Banco Bradesco (BBD) Stock Forecast & Price Target