BofA cuts target for Patria Investments stock to USD 10.00

Patria Investments Limited (KYG694511059) faces a lower valuation benchmark after BofA Securities cut its price target from USD 14.00 to USD 10.00 on September 9, 2026. As Investing.com reported, the bank also downgraded the stock from Neutral to Underperform.

Target cut follows earnings miss

Patria reported second-quarter 2026 earnings of USD 0.2882 per share, below the USD 0.2921 consensus estimate. Revenue reached USD 82.5 million, compared with the USD 97.37 million forecast, according to Investing.com on September 29, 2026.

The earnings picture was mixed rather than uniformly weak. Fee revenue increased 30.00 percent from the prior year to USD 105.8 million in the second quarter of 2026, supported by higher fee-earning assets and acquisitions, the same report said.

Growth remains the key test

BofA's revised view reflects lower valuation multiples for comparable US alternative asset managers and Brazilian financial companies, as well as softer returns in Patria's private-equity business. The target reduction from USD 14.00 to USD 10.00 represents a 28.57 percent cut, calculated against the former target.

Patria's investor-relations page lists its second-quarter 2026 earnings release on July 31, 2026 and identifies the company as Patria Investments Limited. Its business centers on private-market investing and asset management, while the latest market capitalization stood at USD 1.6 billion as of October 2, 2026.

Patria stock stays below prior close

Patria Investments stock was last at EUR 10.95 on gettex on October 2, 2026, versus the gettex close of EUR 11.01 on October 1, 2026. That is a calculated minus 0.54 percent change, while the Nasdaq quote was USD 10.21 at 10:24 a.m. ET on October 2, 2026.

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