Banco Bradesco SA (BBD) Stock Surpasses Analyst Target Price of $3.54
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: NASDAQ.COM
- Price Breakthrough: Banco Bradesco SA (BBD) shares recently rose to $3.57, surpassing the average analyst 12-month target price of $3.54, indicating increased market confidence that may prompt analysts to reassess their target prices.
- Analyst Target Variability: Among analysts covered by Zacks, target prices range from $2.80 to $4.50, with a standard deviation of $0.705, highlighting significant divergence in market expectations for BBD's future performance, necessitating careful risk and opportunity assessment by investors.
- Market Signal: The stock's breach of the target price provides a strong signal for investors to reassess the company, prompting them to consider whether the current price is merely a stop on the way to higher targets or if it is time to take profits.
- Analyst Ratings: The average analyst rating for BBD ranges from 1 to 5, reflecting differing views on its future performance, and investors should monitor these rating changes to inform their investment decisions.
Analyst Views on BBD
Wall Street analysts forecast BBD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBD is 3.20 USD with a low forecast of 3.20 USD and a high forecast of 3.20 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.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 3.970
Low
3.20
Averages
3.20
High
3.20
Current: 3.970
Low
3.20
Averages
3.20
High
3.20
About BBD
Banco Bradesco SA is a Brazil-based company which engages in the banking services industry. The Company is a multiple-service bank, operating primarily in two segments: financial and insurance. The financial segment includes several areas of the banking sector, serving individual and corporate clients, acting as an investment bank in domestic and international banking operations, investment fund administration, consortium administration, and asset management. The insurance segment includes life insurance, supplementary pension plans, health, accident, and property insurance. The Company provides services to other entities which include asset management and treasury services, foreign exchange transactions, corporate finance and investment banking services, hedging operations, and financing operations, including working capital financing, leasing, and installment credit.
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.
