The latest price target for Petrobras Brasileiro (NYSE:PBR) was reported by Goldman Sachs on November 12, 2024. The analyst firm set a price target for $17.00 expecting PBR to rise to within 12 months (a possible 14.32% upside). 11 analyst firms have reported ratings in the last year.

The latest analyst rating for Petrobras Brasileiro (NYSE:PBR) was provided by Goldman Sachs, and Petrobras Brasileiro maintained their buy rating.

The last upgrade for Petroleo Brasileiro SA Petrobras happened on September 25, 2024 when JP Morgan raised their price target to $19. JP Morgan previously had a neutral for Petroleo Brasileiro SA Petrobras.

The last downgrade for Petroleo Brasileiro SA Petrobras happened on May 15, 2024 when Jefferies changed their price target from $21.2 to $17.7 for Petroleo Brasileiro SA Petrobras.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Petrobras Brasileiro, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Petrobras Brasileiro was filed on November 12, 2024 so you should expect the next rating to be made available sometime around November 12, 2025.

While ratings are subjective and will change, the latest Petrobras Brasileiro (PBR) rating was a maintained with a price target of $15.40 to $17.00. The current price Petrobras Brasileiro (PBR) is trading at is $14.87, which is out of the analyst’s predicted range.