Scotiabank raises target for Alupar stock to BRL 48.00

Published on 10/28/2026 at 05:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank upgraded Alupar stock to BRL 48.00 on October 22, 2026. Second-quarter revenue reached BRL 1.63 billion.

Targets results and ownership

Scotiabank set a BRL 48.00 target for Alupar on October 22, 2026.
Second-quarter revenue reached BRL 1.63 billion and earnings reached BRL 416.63 million.
Alupar will publish third-quarter results on November 5, 2026.

Alupar stock, electric utilities, analyst target, quarterly results, B3, Illustration mit AI erstellt.

Scotiabank upgraded its target for Alupar Investimento to BRL 48.00 from BRL 35.70 on October 22, 2026, according to Investing.com. The change puts the target 34.45 percent above the previous level. Alupar stock is also approaching its next reporting date, with second-quarter revenue at BRL 1.63 billion and earnings at BRL 416.63 million, according to Yahoo Finance.

Target reset lifts the hurdle

The target increase is the clearest recent analyst action in the available coverage. Investing.com lists Scotiabank with a Buy rating, a BRL 48.00 target and an upgrade from BRL 35.70 dated October 22, 2026. The same page lists 13 analysts, including 11 Buy ratings and 2 Hold ratings.

What does the target reset change?

The numerical change matters because the new target is 34.45 percent above the former target, while the company's second-quarter figures provide the operating reference. Yahoo Finance reports second-quarter revenue of BRL 1.63 billion, earnings of BRL 416.63 million and a 25.60 percent profit margin. The figures cover the quarter ended June 30, 2026.

Three dated company markers

On September 29, 2026, Alupar obtained an environmental permit for its Puno Sur project in Peru. The project includes a 9.5-kilometer transmission line, as reported by El Fondo. On October 13, 2026, BlackRock held 5.195 percent of Alupar's preferred shares, equal to 16.48 million shares, according to ADVFN. On October 22, 2026, Scotiabank raised its target from BRL 35.70 to BRL 48.00, according to Investing.com.

Next reporting dates

Alupar's investor-relations calendar lists the third-quarter results release for November 5, 2026, followed by the results conference on November 6, 2026, on the company's investor-relations page. Those dates give investors the next scheduled test of the earnings picture behind the higher target.

Market value remains measurable

Alupar had a market capitalization of BRL 18.4 billion as of October 28, 2026. The company is listed on B3 under the ALUP11 ticker and operates in electric utilities, with transmission and generation as its two main business segments.