BofA cuts target for Patria Investments stock from USD 10 to USD 9

Published on 10/16/2026 at 00:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half service revenue rose to USD 208.40 million from USD 162.10 million. PAX stock faces an October 26 vote with 163.95 million shares.

Shareholder and valuation context

BofA lowered its Patria target from USD 10.00 to USD 9.00 on October 5, 2026.
Patria's annual meeting is scheduled for October 26, 2026, with 163.95 million shares outstanding.
Patria's market capitalization was USD 1.9 billion as of October 15, 2026.

PAX, KYG694511059, Illustration mit AI erstellt.

Patria Investments (KYG694511059) faces a lower USD 9.00 price target after BofA cut its forecast from USD 10.00 on October 5, 2026, according to TipRanks. The same week, the SEC filing set Patria's annual meeting for October 26, 2026.

Target cut meets governance date

The BofA note keeps an Underperform rating while lowering the target by USD 1.00. That change puts valuation discipline beside a defined shareholder timetable rather than a new operating forecast.

What does the target cut mean for fees?

Patria's first-half 2026 service revenue reached USD 208.40 million, up from USD 162.10 million in the first half of 2025, while net income fell to USD 19.20 million from USD 30.70 million, according to StockTitan. The contrast explains why stronger fee generation has not removed earnings pressure from the investment case.

Three governance dates frame the story

Patria appointed Alfonso Duval as an interim board member on June 12, 2026, appointed Ana Russo to an interim board role on September 3, 2026, and filed the October 5, 2026 meeting notice, all detailed in the SEC filing.

The next two dates are the October 25, 2026 proxy deadline and the October 26, 2026 annual meeting at 3:00 p.m. Eastern Time. Shareholders will vote on the 2025 audited accounts and three director appointments.

Fees and governance now converge

Patria describes itself as an alternative asset manager with more than USD 62.00 billion in assets under management and more than 37 years of experience, according to Patria's investor-relations site. The market capitalization was USD 1.9 billion as of October 15, 2026, while the latest quoted Nasdaq value was USD 11.81 at 4:00 p.m. ET on October 15, 2026.