Tenda reports BRL 1.21 billion sales. XP sets BRL 44 target for Tenda stock

Published on 10/14/2026 at 02:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tenda's third-quarter gross sales reached BRL 1.50 billion, up 22.10 percent year over year. XP lists a BRL 44.00 target for Tenda stock from April 8, 2026.

Sales and capital allocation

Tenda's third-quarter net sales reached BRL 1.21 billion on October 8, 2026, up 10.50 percent year over year.
XP listed a BRL 44.00 target for Tenda on April 8, 2026.
The board approved a buyback of up to 5 million common shares on September 30, 2026.

Tenda, BRTENDACNOR4, Illustration mit AI erstellt.

Tenda (ISIN BRTENDACNOR4) reported BRL 1.21 billion in net sales for the third quarter of 2026, up 10.50 percent from the third quarter of 2025. Finance News reported the figures on October 9, 2026, after the company released its operational preview on October 8.

Third-quarter sales show mixed signals

Tenda's gross sales rose 22.10 percent year over year to BRL 1.50 billion in the third quarter of 2026, while net sales increased 10.50 percent to BRL 1.21 billion. The gap reflects pressure from cancellations and credit processing.

The company launched 11 projects with BRL 1.52 billion in gross sales value, up 2.30 percent from the third quarter of 2025. The average launch price reached BRL 271,200 per unit, up 15.70 percent year over year, according to ADVFN on October 9, 2026.

What does the target imply?

Tenda's investor-relations analyst table lists XP with a Buy recommendation and a BRL 44.00 target dated April 8, 2026. The same table shows J.P. Morgan at Neutral with a BRL 52.50 target dated October 4, 2026, giving investors a spread of BRL 8.50 between two listed targets. The company published the table on its investor-relations page.

Buyback follows financing pressure

On September 30, 2026, Tenda approved a program to repurchase up to 5 million common shares over 12 months. El Fondo reported that the company had 122,578,152 shares in free float and no treasury shares at the approval date.

The same report cited BRL 52.70 million in overdue receivables from the City of São Paulo and BRL 21.79 million in related interest, adjustments and penalties, for a total of BRL 74.49 million. That financing backdrop matters because stronger gross sales have not translated one-for-one into net sales.

Three dated operating signals

On September 29, 2026, Tenda disclosed BRL 74.49 million in delayed municipal receivables, according to El Fondo. On September 30, 2026, the board approved the 5 million-share buyback. On October 8, 2026, the third-quarter preview showed BRL 1.21 billion in net sales and BRL 1.52 billion in launches.

Capital allocation and execution

Tenda is listed on B3 under ticker TEND3.SA and operates in Brazilian residential real estate. The combination of 22.10 percent gross-sales growth, 19.40 percent cancellations in the quarter and a 5 million-share buyback leaves execution and credit conversion as the key operating variables.