BBD Price Prediction Next Week
Technical Analysis
BBD shows a clear downward trend in recent trading sessions. The stock has formed lower highs and lower lows, with decreasing volume indicating weakening buying pressure. The recent price action shows the stock trading below its key moving averages.
News Impact Recent significant news includes:
- Goldman Sachs downgrade to Sell with $2 price target, citing concerns over profitability and return on equity remaining below cost until 2027
- The bank's muted profitability is expected to limit organic capital generation
- Recent ETF trading showed a 1.9% increase with high volume of 24.7M shares
Price Prediction for Next Week Based on technical analysis and recent bearish news sentiment, BBD is likely to continue its downward trend:
- Resistance: $2.70
- Support: $2.50
- Target Price: $2.45 (-6.5% from current levels)
Recommendation: SELL The combination of Goldman's downgrade, weak technical indicators, and concerns over profitability suggests further downside. Traders should consider selling positions or establishing short positions with a stop loss above $2.70.
BBD Similar Chart Price Prediction
The price of BBD is predicted to go up -0.63%, based on the high correlation periods with CXT. The similarity of these two price pattern on the periods is 96.5%.
BBD
CXT
Down: -0.63%Similarity: 96.5%
BBD Revenue Forecast
BBD EPS Forecast
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BBD VS S&P500
Bradesco's credit quality and net interest margin have materially underperformed its peers in recent years.
Inflation in Brazil has moderated since its peak in 2022, reducing the macroeconomic risks facing Banco Bradesco.
Bradesco has enjoyed strong deposit and loan growth in recent years.
BBD Analyst's Forecast
Carlos Gomez-Lopez
HSBC
Hold → Strong Buy
2025-01-13
Price Target
$2.8
Upside
+48.54%
HSBC upgraded Banco Bradesco to Buy from Hold with a $2.80 price target.
Domingos Falavina
JP Morgan
Buy → Hold
2024-11-25
Price Target
n/a
Downside
0%
