Should You Buy Banco Santander Brasil SA (BSBR) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
7.080
1 Day change
-0.84%
52 Week Range
7.320
Analysis Updated At
2026/01/28
BSBR is NOT a good buy right now for a beginner long-term investor who wants to act immediately. The stock is in a strong uptrend, but it is stretched (RSI deeply overbought) and trading near resistance, while analysts recently downgraded the name and there are no fresh news catalysts. A better long-term entry would typically be on a pullback; since you don’t want to wait, the risk/reward at today’s price is not attractive enough to justify buying now.
Technical Analysis
Trend is bullish: SMA_5 > SMA_20 > SMA_200 confirms an established uptrend. Momentum is also positive with the MACD histogram at +0.0851 and expanding. However, RSI(6) is 86.75 (overbought), which often precedes short-term cooling/pullbacks even in strong trends. Price context: Pivot 6.64; key support S1 ~6.22. Resistance: R1 7.06 (already exceeded) and R2 7.32. With price ~7.125 sitting between R1 and R2 and RSI extreme, upside looks more limited near-term versus downside back toward the pivot/support zone.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Options positioning looks bullish/optimistic based on open interest (put-call ratio 0.29 = more calls than puts). However, actual trading activity is extremely thin (only 4 calls traded, 0 puts; volume put-call ratio 0.0), so sentiment inference is weak. Implied volatility (30D) is high at ~75 versus historical vol ~25, suggesting the options market is pricing elevated uncertainty even though the IV rank is relatively low (11) and IV percentile is mid (37). Net: mildly bullish skew, but low liquidity/volume limits confidence.
Options open interest skew favors calls (bullish bias).
Financials show profit growth: 2025/Q3 net income +7.15% YoY.
Neutral/Negative Catalysts
Overbought condition (RSI~86.
and price near resistance (R2 ~7.32), increasing odds of a near-term pullback.
Analyst sentiment weakened: downgrade to Market Perform citing unfavorable valuation asymmetry and reduced estimates.
No recent news catalysts in the past week to drive a fresh leg higher.
Revenue growth is essentially flat (2025/Q3 revenue +0.07% YoY), which limits fundamental momentum.
Financial Performance
Latest quarter: 2025/Q3. Revenue rose to ~3.43B (+0.07% YoY), basically flat growth. Net income improved to ~702.8M (+7.15% YoY), indicating better profitability/efficiency or credit trends versus last year. EPS was ~0.09 (flat YoY). Overall: earnings improved, but top-line growth is weak, which reduces the case for aggressively buying at an overbought technical level.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: negative. On 2025-11-19, Itau BBA downgraded Santander Brasil to Market Perform from Outperform (price targets referenced at R$22 and R$32 in the feed) citing reduced estimates and “unfavorable valuation asymmetries.” Wall Street pro view: the business is profitable and stable enough for a market-perform stance. Con view: upside appears limited versus valuation and expectations, leading to less conviction on near-term outperformance.
Influential/political trading check: No recent congress trading data available; hedge funds and insiders are reported as neutral with no significant recent activity.
Intellectia Proprietary Trading Signals: No signal on given stock today for AI Stock Picker; no recent SwingMax signal.
Wall Street analysts forecast BSBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSBR is 0 USD with a low forecast of 0 USD and a high forecast of 0 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.
Analyst Rating
0
Wall Street analysts forecast BSBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSBR is 0 USD with a low forecast of 0 USD and a high forecast of 0 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.
Buy
Hold
Sell
0
Current: 7.140
Low
0
Averages
0
High
0
0
Current: 7.140
Low
0
Averages
0
High
0
Itau BBA
Pedro Leduc
Outperform -> Market Perform
downgrade
R$22
AI Analysis
2025-11-19
Reason
Itau BBA
Pedro Leduc
Price Target
R$22
AI Analysis
2025-11-19
downgrade
Outperform -> Market Perform
Reason
Itau BBA analyst Pedro Leduc downgraded Santander Brasil to Market Perform from Outperform with a R$22 price target. The firm cites its reduced estimates and "unfavorable valuation asymmetries" for the downgrade.
Itau BBA
Outperform -> Market Perform
downgrade
R$32
2025-11-19
Reason
Itau BBA
Price Target
R$32
2025-11-19
downgrade
Outperform -> Market Perform
Reason
Itau BBA downgraded Santander Brasil to Market Perform from Outperform with a R$32 price target. The firm cites its reduced estimates and "unfavorable valuation asymmetries" for the downgrade.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for BSBR
