TraderNews sets BRL 4.50 target for Grendene stock

Published on 10/14/2026 at 05:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TraderNews set a BRL 4.50 target on October 2, 2026. For Grendene stock, Q2 2026 profit was BRL 89.41 million.

Targets, results and reporting dates

TraderNews published a BRL 4.50 12-month target for Grendene on October 2, 2026.
Grendene reported BRL 89.41 million in net income for the second quarter of 2026, down 37.70 percent year over year.
The next third-quarter and nine-month results are scheduled for November 5, 2026.

Grendene, BRGRNDACNOR3, Illustration mit AI erstellt.

Grendene stock (ISIN BRGRNDACNOR3) received a BRL 4.50 12-month target in an analysis dated October 2, 2026, as TraderNews published its own valuation. The target assumes stabilization of industrial profitability rather than a return to earlier margins, making the November reporting date the next measurable test.

Three dated developments

Grendene's second-quarter and first-half 2026 results were published on August 6, 2026, with second-quarter net income of BRL 89.41 million. That figure was 37.70 percent below the BRL 143.57 million reported for the second quarter of 2025, according to TraderNews.

On August 10, 2026, Grendene reported the sale of its entire stake in GGB USA to PAJAR USA under an agreement signed on August 7, 2026, for fixed consideration of USD 3.61 million, as detailed by TraderNews.

The most recent dated development is the BRL 4.50 target published on October 2, 2026. The analysis also identifies the upcoming third-quarter and nine-month 2026 report as the decisive event, rather than treating the target as a guaranteed outcome.

What does the target require?

The valuation depends on operating stabilization after a sharp earnings contraction. TraderNews noted that quarterly revenue was BRL 552.84 million in the second quarter of 2026, compared with BRL 555.28 million in the second quarter of 2025, while adjusted profit fell 48.60 percent year over year.

That combination is important for the stock: sales were broadly stable, but the profit conversion weakened. The next report must therefore show whether margins and cash generation are improving, not merely whether revenue remains close to the previous year's level.

Reporting dates and market value

The third-quarter and nine-month 2026 results are scheduled for November 5, 2026, followed by a results conference on November 6, 2026, according to TraderNews. Those dates give investors a defined timetable for testing the BRL 4.50 valuation against a fresh operating result.

Grendene's market capitalization was BRL 4.2 billion as of October 9, 2026. The company is listed on B3 under ticker GRND3 in the Consumer Cyclical sector, with footwear as its reported segment classification.