Itaú Unibanco (ITUB) Stock Forecast & Price Target

$6.71

-0.02 (-0.30%)

(As of 09/17/2024 ET)

Itaú Unibanco - 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 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for Itaú Unibanco in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 3 have given a hold rating, and 2 have given a buy rating for ITUB.

Consensus Price Target

$7.05
5.07% Upside

High Forecast	$8.00
Average Forecast	$7.05
Low Forecast	$6.10

According to the 5 analysts' twelve-month price targets for Itaú Unibanco, the average price target is $7.05. The highest price target for ITUB is $8.00, while the lowest price target for ITUB is $6.10. The average price target represents a forecasted upside of 5.07% from the current price of $6.71.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$7.05	$7.05	$7.05	$7.00
Forecasted Upside	5.07% Upside	15.01% Upside	15.01% Upside	39.17% Upside

Introducing the Perceptron (Ad)

On Wednesday, September 25, I’m putting on my first crypto event in two years to unveil: the Perceptron. This is my AI project that I first conceived of shortly after I recommended Nvidia back in 2016.

Just click here to register.

ITUB 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.

ITUB 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.

Itaú Unibanco Stock vs. The Competition

Type	Itaú Unibanco	Finance Companies	S&P 500
Consensus Rating Score	2.40	2.47	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	5.22% Upside	13.00% Upside	7.13% Upside
News Sentiment Rating	Positive 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
8/22/2024	UBS Group 4 of 5 stars	R. Department Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
6/17/2024	Morgan Stanley 3 of 5 stars		Upgrade	Equal Weight ➝ Overweight
1/16/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy	$8.00	+16.79%
1/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/16/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$6.10	+12.75%
11/15/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$5.50 ➝ $7.00	+41.41%
10/5/2022	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
9/29/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$5.40 ➝ $7.00	+36.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:37 PM ET.

ITUB Forecast - Frequently Asked Questions

What is Itaú Unibanco's forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Itaú Unibanco is $7.05, with a high forecast of $8.00 and a low forecast of $6.10.
Should I buy or sell Itaú Unibanco stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Itaú Unibanco in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ITUB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ITUB, but not buy additional shares or sell existing shares.
Does Itaú Unibanco's stock price have much upside?: According to analysts, Itaú Unibanco's stock has a predicted upside of 15.01% based on their 12-month stock forecasts.
Has Itaú Unibanco been downgraded by Wall Street analysts recently?: Over the previous 90 days, Itaú Unibanco's stock had 1 downgrade by analysts.
What analysts cover Itaú Unibanco?: Itaú Unibanco has been rated by research analysts at UBS Group in the past 90 days.
Do Wall Street analysts like Itaú Unibanco more than its competitors?: Analysts like Itaú Unibanco less than other "finance" companies. The consensus rating score for Itaú Unibanco is 2.40 while the average consensus rating score for "finance" companies is 2.47. Learn more on how ITUB compares to other companies.