BTG Pactual stock holds at BRL 62.70 as Citi raises target

BTG Pactual stock (ISIN BRBPACUNT006) closed at BRL 62.70 on B3 on September 25, 2026, unchanged on the session. The units are listed as BPAC11.SA on Brazil's B3, according to Global Banking and Finance.

Citi lifts the price target

On September 19, 2026, Citi kept its buy recommendation and raised its BPAC11 price target from BRL 70 to BRL 72, as Seu Dinheiro reported. The new target is BRL 9.30 above the September 25 closing price, a 14.83 percent difference.

The argument behind the target increase is BTG Pactual's broader earnings mix. Citi described the bank as a diversified financial platform spanning asset management, wealth management, investment banking, trading, capital markets and corporate credit.

Q2 shows higher profitability

BTG Pactual's second-quarter results provide the operating backdrop for that valuation view. In the quarter, adjusted net income reached BRL 5.1 billion and return on average equity reached 26.7 percent, according to Seu Dinheiro.

The comparison matters because Citi's case rests on growth and profitability rather than on a simple discount to traditional banks. For investors, the 26.7 percent ROAE is the clearest operating figure behind the higher target, while the unchanged share price leaves the market response measured.

Results date sets the next checkpoint

BTG Pactual's investor-relations calendar lists disclosure of third-quarter 2026 results for November 10, 2026, followed by a public meeting with analysts on November 26, 2026, according to the company's investor-relations page. Those dates give the market a defined test for whether the second-quarter profitability profile continues.

BTG Pactual stock holds at BRL 62.70

BTG Pactual stock closed at BRL 62.70 on B3 on September 25, 2026, with a market capitalization of BRL 177.5 billion as of September 27, 2026.

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