BofA raises target for Petrobras stock from USD 22.00 to USD 28.00

Published on 10/15/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras stock costs EUR 23.05 on October 15, 2026 at Lang & Schwarz. Results follow on October 28, November 10 and November 11, 2026.

Analyst view and reporting dates

BofA raised its Petrobras target from USD 22.00 to USD 28.00 on October 14, 2026.
Petrobras scheduled its production report for October 28, 2026, and financial results for November 10, 2026.
Petrobras stock was trading at EUR 23.05 at 10:09 a.m. CEST at Lang & Schwarz on October 15, 2026.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (ISIN US71654V4086) was trading at EUR 23.05 at Lang & Schwarz on October 15, 2026 at 10:09 a.m. CEST. On October 14, 2026, BofA analyst Leonardo Marcondes raised the price target from USD 22.00 to USD 28.00 and maintained a Buy rating, according to Markets Insider.

Target rises as output builds

BofA said its positive view extends beyond Brazil's 2026 election and cited Petrobras production growth and free cash flow generation. The target change gives the latest analyst view a clear numerical anchor, while the euro quote places the stock in the German investor perspective.

Petrobras also disclosed a cash-related development on October 13, 2026. The company received installments of BRL 39.6 million, BRL 467.7 million and BRL 2.3 billion under gasoline and diesel subsidy programs, according to StockTitan. These payments add a concrete cash-flow item to the market discussion, although they are separate from operating revenue.

What dates matter next?

The company said on October 13, 2026, that it will release its third-quarter production and sales report on October 28, 2026, followed by financial results on November 10, 2026, according to StockTitan. A webcast for the third-quarter results is scheduled for November 11, 2026.

The latest standardized quarterly figures cover the period ended June 30, 2026. Revenue was USD 33.607 billion, consolidated net income was USD 10.438 billion and diluted earnings per share were USD 1.62. Operating cash flow reached USD 12.250 billion in the second quarter of 2026.

Stock valuation and exchange context

On the NYSE, Petrobras was last at USD 25.94 on October 14, 2026 at 4:00 p.m. ET. Its market capitalization was USD 167.2 billion, while the 52-week range was USD 11.43 to USD 25.96 as of that quote.

At Lang & Schwarz, Petrobras was trading at EUR 23.05 on October 15, 2026 at 10:09 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Petrobras stock.