Based on the latest market data and analysis, here's a direct assessment of BBDO stock:
Technical Analysis
The stock is currently trading at $1.9835, showing a positive momentum with a +3.31% gain in the regular market session. The RSI-14 at 56.56 indicates neutral territory, neither overbought nor oversold. The stock is trading slightly above its 20-day moving average of $1.91, suggesting a mildly bullish short-term trend.
Recent Developments
Banco Bradesco reported strong Q4 2024 results with a 37% increase in net income to BRL5.4 billion, and total revenue reached BRL32.3 billion. The bank's loan portfolio grew significantly, particularly in the micro, small, and medium-sized enterprise segment.
Analyst Ratings
Recent analyst actions show mixed but generally positive sentiment:
- HSBC upgraded from Hold to Strong Buy with $2.8 price target (January 13, 2025)
- Goldman Sachs maintained Strong Buy but lowered price target from $3.2 to $2.3 (January 10, 2025)
- JP Morgan downgraded from Buy to Hold (November 25, 2024)
Fibonacci Levels
- Resistance levels: R1: $2.03, R2: $2.07, R3: $2.13
- Support levels: S1: $1.90, S2: $1.86, S3: $1.80
- Pivot: $1.96
Conclusion
Based on the technical setup, positive earnings momentum, and recent analyst upgrades, BBDO appears to be a moderate buy at current levels. The stock has shown resilience with multiple support levels below current price, while offering potential upside to the nearest resistance at $2.03.