Should You Buy Credicorp Ltd (BAP) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy for a beginner long-term investor with $50k–$100k. The primary setup is a strong uptrend (bullish moving averages and expanding positive MACD) backed by improving fundamentals (2025/Q3 double-digit EPS growth) and a major upward analyst target reset (JPMorgan to $412). The main downside is that the stock is extremely overbought (RSI_6 ~97.6) and sitting just below near-term resistance (~$353), which can cause short-term shakeouts—but given your preference to act now (not wait for an “ideal” dip), the overall risk/reward still favors initiating a position ahead of the next earnings catalyst (Feb 12, 2026).
Technical Analysis
Trend: Bullish. SMA_5 > SMA_20 > SMA_200 confirms a sustained uptrend.
Momentum: MACD histogram +3.77 and expanding indicates strengthening upside momentum.
Overbought risk: RSI_6 at ~97.6 is extremely overbought, increasing odds of a near-term pullback or sideways consolidation even within an uptrend.
Key levels: Pivot support ~332.17 (first meaningful support); resistance near R1 ~353.21 (price 351.86 is close), next resistance R2 ~366.21. A clean break above ~353 can open room toward ~366; failure near resistance increases chance of a dip toward the pivot area.
Near-term pattern stats: Similar-pattern read shows modest expected move next week (~+0.9%) and stronger next-month bias (~+10.65%), despite slightly negative next-day odds.
Analyst Ratings and Price Target Trends
Recent trend: Clearly improving.
• 2025-11-21: JPMorgan raised PT to $310 (from $242), maintained Overweight.
• 2026-01-27: JPMorgan raised PT again to $412 (from $310), maintained Overweight after CEO call; expects loan growth acceleration.
Wall Street pro view (from provided data): Pros—macro backdrop, low credit penetration, expected loan growth acceleration, and strong earnings momentum. Cons—near-term entry risk is higher due to extended technicals (overbought) rather than deteriorating fundamentals.
Influential trading check: Hedge funds neutral (no significant last-quarter trend), insiders neutral (no significant last-month trend). Congress trading: no recent data available.
Wall Street analysts forecast BAP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAP is 287 USD with a low forecast of 264 USD and a high forecast of 310 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.
Wall Street analysts forecast BAP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAP is 287 USD with a low forecast of 264 USD and a high forecast of 310 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.
Current: 358.180
Current: 358.180
