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Itau Unibanco Holding S.A. (Symbol: ITUB) shares have surpassed the average analyst 12-month target price of $6.54, trading at $6.62 per share. This significant price movement occurs as analysts reevaluate their target prices, with one projecting a high of $7.20 and another at $6.00.
Analyst ratings show two “strong buy” ratings and three “hold” ratings, resulting in an average rating of 2.2 on a scale where 1 is “strong buy” and 5 is “strong sell.” There are currently no sell or strong sell ratings for ITUB.
The data indicates that investors should consider whether the stock, now above the target price, may continue to rise or if they should consider taking profits.
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