Should I Buy ITUB? ITUB 2026 Analysis

Should You Buy Itau Unibanco Holding SA (ITUB) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

8.930

1 Day change

0.56%

52 Week Range

9.110

Analysis Updated At

2026/01/29

Not a good buy right now for an impatient investor. The primary trend is bullish (SMA_5 > SMA_20 > SMA_200 and MACD histogram positive/expanding), but the stock is extremely overbought (RSI_6 ~94) and is trading just above R1 (8.879) and below R2 (9.311), which increases near-term pullback risk. Options positioning is modestly bullish (low put/call OI), but options volume is near-zero and implied volatility is elevated (IV percentile ~83), suggesting expensive hedging/speculation rather than clean confidence. Analyst support exists, but the latest published JPMorgan price target ($8) is below the current price (~$8.95), which caps “easy” upside. Intellectia Proprietary Trading Signals **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.

Technical Analysis

Trend is bullish: moving averages are stacked positively (SMA_5 > SMA_20 > SMA_200) and MACD histogram is +0.158 and expanding, indicating upward momentum remains intact. However, RSI_6 at ~94 signals an extreme overbought condition (late-stage momentum), often followed by consolidation or a dip. Key levels: Pivot 8.18; Support S1 7.481; Resistance R1 8.879 (recently exceeded) and R2 9.311 (next upside level). With price ~8.95, risk/reward is less attractive than it was closer to the pivot/support.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Open interest: calls 25,228 vs puts 13,120 (put/call OI 0.52), which is generally bullish positioning. But same-day option volume is extremely low (total volume 5; put volume 0), so sentiment from volume is not very informative. Implied volatility is elevated (30D IV ~36.35, IV percentile ~83), implying options are priced for larger moves; this often coincides with higher uncertainty/less favorable new entries at stretched prices.

Technical Summary

Sell

Buy

Positive Catalysts

Strong technical uptrend (bullish MA stack + positive/expanding MACD).
Financial momentum: 2025/Q3 revenue +18.27% YoY, net income +11.03% YoY, EPS +11.76% YoY.
Options open interest skew favors calls (bullish tilt).
Upcoming earnings: QDEC 2025 earnings on 2026-02-05 (event that can re-rate the stock if results/guide surprise positively).

Neutral/Negative Catalysts

Extreme overbought reading (RSI_6 ~
increases likelihood of near-term mean reversion/consolidation.
Current price (~$8.
is above the latest cited JPMorgan price target ($8), reducing perceived upside from that key Wall Street reference.
No supportive near-term news flow in the past week (no fresh catalysts).
Elevated implied volatility (IV percentile ~
suggests uncertainty and makes options-based bullish bets relatively expensive.
No notable hedge fund/insider accumulation trends reported recently (both neutral).

Financial Performance

Latest reported quarter: 2025/Q3. Growth trends are positive: revenue rose to 7,769,529,071 (+18.27% YoY), net income increased to 2,075,472,442.98 (+11.03% YoY), and EPS increased to 0.19 (+11.76% YoY). This points to continued fundamental strength, supporting the longer-term uptrend.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: JPMorgan (2025-11-25) raised its price target to $8 from $7 and maintained an Overweight rating. Wall Street pro view (pros): the PT raise + Overweight suggests confidence in business performance and medium-term outlook. Cons: the PT ($8) is now below the current market price (~$8.95), implying the stock may have already outrun that analyst’s stated upside, making a fresh buy less compelling at today’s level. Politicians/influential figures: no recent congress trading data available in the last 90 days, and no notable politician activity was provided.

2 Analyst Rating

Wall Street analysts forecast ITUB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ITUB is 8 USD with a low forecast of 8 USD and a high forecast of 8 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.

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 8.880

Low

Averages

High

Current: 8.880

Low

Averages

High

JPMorgan

Domingos Falavina

maintain

$7 -> $8

AI Analysis

2025-11-25

Reason

JPMorgan

Domingos Falavina

Price Target

$7 -> $8

AI Analysis

2025-11-25

maintain

Reason

JPMorgan analyst Domingos Falavina raised the firm's price target on Itau Unibanco to $8 from $7 and keeps an Overweight rating on the shares.

UBS

Buy -> Neutral

downgrade

2025-07-10

Reason

UBS

Price Target

2025-07-10

downgrade

Buy -> Neutral

Reason

UBS downgraded Itau Unibanco to Neutral from Buy with a price target of R$40, up from R$37. The firm cites valuation for the downgrade with the bank's growth now reflected in the shares.

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ITUB Should I Buy

ITUB Should I Buy

Should You Buy Itau Unibanco Holding SA (ITUB) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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