Portugal’s Novo Banco Aims for June IPO, CEO Says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
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Source: WSJ
Novo Banco's IPO Plans: Novo Banco is preparing to list on Lisbon’s stock exchange next month, despite global market instability due to trade war concerns.
Final Preparations: The Portuguese lender has cleared its last internal hurdle and is currently drafting a prospectus for the initial public offering.
Analyst Views on BPI
Wall Street analysts forecast BPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BPI is USD with a low forecast of USD and a high forecast of 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.
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Current: 30.713
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Current: 30.713
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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.
