Petroleo Brasileiro SA Petrobras shares fell by 3.04% and hit a 20-day low. This decline comes as Petrobras oil workers have approved a nationwide strike in Brazil starting December 15, citing the company's labor agreement counteroffer as insufficient.
The strike is part of a larger dispute over retirement fund deficits and changes to employee compensation structures. Although Petrobras has contingency plans in place and does not anticipate an impact on operations, the uncertainty surrounding labor relations has contributed to the stock's downward movement. This situation unfolds amid a mixed market, with the Nasdaq-100 down 0.04% and the S&P 500 flat.
Investors are closely monitoring the developments, as labor disputes can affect production and operational stability. The market's reaction reflects concerns over potential disruptions, even if the company believes it can manage the situation effectively.
Wall Street analysts forecast PBR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBR is 15.15 USD with a low forecast of 13.30 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast PBR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBR is 15.15 USD with a low forecast of 13.30 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.520
Low
13.30
Averages
15.15
High
17.00
Current: 15.520
Low
13.30
Averages
15.15
High
17.00
BTG Pactual
Gustavo Cunha
Buy -> Neutral
downgrade
$15
2026-01-16
Reason
BTG Pactual
Gustavo Cunha
Price Target
$15
AI Analysis
2026-01-16
downgrade
Buy -> Neutral
Reason
BTG Pactual analyst Gustavo Cunha downgraded Petrobras to Neutral from Buy with a $15 price target.
JPMorgan
NULL -> Overweight
maintain
$16 -> $17
2025-09-24
Reason
JPMorgan
Price Target
$16 -> $17
2025-09-24
maintain
NULL -> Overweight
Reason
JPMorgan raised the firm's price target on Petrobras to $17 from $16 and keeps an Overweight rating on the shares. The firm says data from Sapinhoa and Tupi show stable production until recovery hit 10%, after which the water cut only rises gradually. It incorporated the updated assumptions in Petrobras' model.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for PBR
Unlock Now
JPMorgan
Overweight
maintain
$16
2025-09-24
Reason
JPMorgan
Price Target
$16
2025-09-24
maintain
Overweight
Reason
JPMorgan raised the firm's price target on Petrobras to $16.50 from $16 and keeps an Overweight rating on the shares. The firm says data from Sapinhoa and Tupi show stable production until recovery hit 10%, after which the water cut only rises gradually. It incorporated the updated assumptions in Petrobras' model.
UBS
Buy
downgrade
2025-08-22
Reason
UBS
Price Target
2025-08-22
downgrade
Buy
Reason
UBS lowered the firm's price target on Petrobras to $14.40 from $15.80 and keeps a Buy rating on the shares.
About PBR
Petroleo Brasileiro SA Petrobras is a Brazil-based company. The Company specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production (exploration, development, and production of crude oil, natural gas liquids, and natural gas); Refining, Transportation, and Marketing (refining, logistics, transport, trading of oil products, ethanol export, shale processing); Gas and Power (transportation and trading of natural and imported gas); Biofuels (production of biodiesel and ethanol); Distribution (fuel distribution); and Corporate (administrative and support functions).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
