Goldman Sachs raises target for Itaú Unibanco stock to USD 10.50

Published on 10/13/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs set a USD 10.50 target from USD 9.30 on October 9, 2026. Itaú Unibanco stock costs EUR 8.93 on October 13, 2026.

Goldman Sachs raised its Itaú Unibanco target from USD 9.30 to USD 10.50 on October 9, 2026.
Recurring net income reached BRL 12.40 billion in the second quarter of 2026, with 24.30 percent return on equity.
The stock was trading at EUR 8.93 at Lang & Schwarz on October 13, 2026 at 12:10 p.m. CEST.
Itaú Unibanco reported 11.03 billion subscribed and paid-in shares in its October 2, 2026 bylaws filing.

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Itaú Unibanco Vz. (ISIN US4655621062) was trading at EUR 8.93 at Lang & Schwarz on October 13, 2026 at 12:10 p.m. CEST. Goldman Sachs raised its target to USD 10.50 from USD 9.30 on October 9, 2026, while keeping a Buy rating, according to Markets Insider. The target change gives the latest analyst view a concrete reference point, but the target is stated in USD and is not combined with the euro quotation.

Second-quarter profit reached BRL 12.40 billion

Itaú Unibanco reported recurring net income of BRL 12.40 billion for the second quarter of 2026 and return on equity of 24.30 percent, figures listed in the company filing history by GreekSoup for the August 4, 2026 results release. The recurring profit was 7.80 percent higher than in the second quarter of 2025, according to Investing.com.

What does the target change show?

The USD 10.50 target is 12.90 percent above the former USD 9.30 target. That comparison is separate from the euro price because the two figures use different currencies, while the Buy rating gives the October 9, 2026 analyst note a positive stance.

Capital structure includes 11.03 billion shares

An October 2, 2026 filing set subscribed and paid-in capital at BRL 136.9 billion and described 11,026,869,192 book-entry shares, including 5,409,126,215 preferred shares, according to StockTitan. The bylaws also set authorized capital at 13,176,900,000 shares, creating a defined ceiling for future issuance.

Upcoming November reporting dates

MarketBeat estimates that Itaú Unibanco will report third-quarter 2026 earnings on November 3, 2026, followed by a conference call on November 4, 2026, according to MarketBeat. The published estimate is USD 0.22 earnings per share and USD 9.60 billion revenue for the third quarter.

EUR 8.93 at Lang & Schwarz

The stock was trading at EUR 8.93 at Lang & Schwarz on October 13, 2026 at 12:10 p.m. CEST. The finance quote for the NYSE listing showed a USD 110.9 billion market capitalization and a USD 6.59 to USD 10.20 52-week range as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Itaú Unibanco Vz. stock.