Banco Bradesco SA (BBD) shares have exceeded the average 12-month analyst target price of $3.54, currently trading at $3.57. This shift comes as analysts consider whether to adjust target prices or assess the stock’s valuation in light of recent business developments.
Within the Zacks coverage universe, the average target price is influenced by five analysts, with forecasts ranging from $2.80 to $4.50 and a standard deviation of $0.705. Currently, analysts have assigned two “Strong Buy” ratings, five “Hold” ratings, and no “Sell” or “Strong Sell” ratings, leading to an average rating of 2.36 on a scale where 1 is Strong Buy and 5 is Strong Sell.
