Goldman Sachs raises target for Itaú Unibanco stock to USD 10.50

Published on 10/14/2026 at 13:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income was BRL 12.40 billion in the second quarter of 2026. Itaú Unibanco stock trades at EUR 8.85 on October 14, 2026.

Analyst target and earnings path

Goldman Sachs lifted its target from USD 9.30 to USD 10.50 on October 9, 2026.
Net income reached BRL 12.40 billion in the second quarter of 2026.
Itaú Unibanco stock traded at EUR 8.85 at 1:38 p.m. CEST at Lang & Schwarz on October 14, 2026.

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Itaú Unibanco (ISIN US4655621062) has received a higher Goldman Sachs valuation, with the target rising from USD 9.30 to USD 10.50 on October 9, 2026. The bank's latest reported quarter also delivered BRL 12.40 billion in net income, giving investors two distinct reference points for the stock.

Analyst target resets valuation

According to Markets Insider on October 9, 2026, Goldman Sachs raised its price target for Itaú Unibanco from USD 9.30 to USD 10.50 and maintained a Buy rating. The move puts the latest target USD 1.20 above the previous target, a 12.90 percent increase calculated against USD 9.30.

The analyst action came after the bank's second-quarter reporting period. MarketBeat reported on October 13, 2026 that Goldman Sachs had set the USD 10.50 target, while HSBC had moved the stock to Hold with a USD 9.10 target.

What the results show

GreekSoup lists Itaú Unibanco's second-quarter 2026 results as filed on August 5, 2026, with net income of BRL 12.4 billion and return on equity of 24.3 percent for the period. The same filing record shows BRL 12.3 billion of profit and 24.8 percent return on equity for the first quarter of 2026, making the quarter-to-quarter comparison visible in the reported figures.

The latest quarterly earnings comparison was less uniform in the US-listed security. MarketBeat said the bank reported USD 0.21 in earnings per share for the second quarter of 2026 against a USD 0.22 consensus estimate, while revenue reached USD 9.27 billion versus USD 9.29 billion expected. That combination points to a small earnings and revenue shortfall alongside strong reported profitability.

Chronology of reported figures

GreekSoup records BRL 11.9 billion in profit for the third quarter of 2025, reported on November 5, 2025, followed by BRL 12.3 billion of profit and 24.8 percent return on equity for the first quarter of 2026, reported on May 6, 2026. The current sequence ends with BRL 12.4 billion of net income and 24.3 percent return on equity for the second quarter of 2026, reported on August 5, 2026.

Dates for the next report

MarketBeat lists November 3, 2026 as the expected announcement date for third-quarter 2026 earnings, followed by a conference call on November 4, 2026 at 9:00 a.m. ET. The next report will therefore test whether the bank can extend its recent profit progression after the second-quarter result.

Stock price and investor perspective

Itaú Unibanco stock was trading at EUR 8.85 at Lang & Schwarz on October 14, 2026 at 1:38 p.m. CEST. The quotation provides the current German-market reference while the USD 10.50 Goldman Sachs target and the BRL 12.40 billion second-quarter net income represent separate valuation and operating markers.

The further course of trading is shown by the continuously updated real-time quote of Itaú Unibanco stock.