ITUB Price Prediction Next Week
Technical Analysis: ITUB has shown a downward trend in recent trading sessions, with the stock price declining from $6.81 to $6.66. The stock is currently trading below its recent highs, indicating bearish momentum.
Price Levels:
- Resistance: $6.82
- Support: $6.61
- Current price: $5.73
News Impact: Recent earnings report shows strong fundamentals:
- Q4 2024 profit of BRL10.9 billion
- Full-year profits reached BRL41.4 billion (18.2% YoY increase)
- Loan portfolio growth of 15.5%
- Improved credit quality with NPL decreasing to 2.4%
Next Week Price Prediction: Based on technical indicators and recent news:
- Bearish scenario (60% probability): Price likely to test support at $5.65
- Neutral scenario (30% probability): Consolidation between $5.70-$5.75
- Bullish scenario (10% probability): Potential bounce to $5.80
Trading Recommendation: SELL with target price of $5.65
- Entry: Current price $5.73
- Stop loss: $5.78 (+0.87%)
- Target: $5.65 (-1.40%)
Rationale:
- Declining price momentum
- Below recent moving averages
- Despite strong fundamentals, technical indicators suggest short-term weakness
- Unusual options activity indicates potential volatility
ITUB Similar Chart Price Prediction
The price of ITUB is predicted to go up 8.1%, based on the high correlation periods with BHF. The similarity of these two price pattern on the periods is 98.46%.
ITUB
BHF
Up: 8.1%Similarity: 98.46%
ITUB Revenue Forecast
ITUB EPS Forecast
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ITUB VS S&P500
Inflation in Brazil has fallen to the midsingle digits from a peak of over 12% in 2022, creating potential for a relatively soft landing in Brazil.
Itau00fa has been able to significantly expand its foreign lending operations, diversifying the bank and reducing its exposure to the volatile Brazilian market.
Despite higher interest rates, credit losses in Brazil remain under control, allowing Itau00fa to generate good returns on its lending operations.
ITUB Analyst's Forecast
Thiago Batista
UBS
Hold → Strong Buy
2025-01-17
Price Target
n/a
Downside
0%
UBS analyst Thiago Batista upgraded Itau Unibanco to Buy from Neutral with a price target of R$41, down from R$42. The stock's current valuation is attractive for a "premium" Brazilian bank, even considering the higher cost of equity in the country, the analyst tells investors in a research note. The firm expects a combination of "decent" profitability with a double digit dividend yield for Itau Unibanco.
Carlos Gomez-Lopez
HSBC
Hold → Strong Buy
2025-01-13
Price Target
$6.8
Upside
+33.6%
