Goldman Sachs raises target for Itaú Unibanco stock to USD 10.50

Published on 10/20/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due November 3, 2026 after trading hours. Itaú Unibanco stock costs EUR 8.43 on October 20, 2026, before the report.

Analyst target and reporting date

Goldman Sachs raised its target to USD 10.50 from USD 9.30 on October 9, 2026.
Itaú Unibanco will disclose third-quarter results on November 3, 2026.
Itaú Unibanco stock was trading at EUR 8.43 at 11:45 a.m. CEST at Lang & Schwarz on October 20, 2026.

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Itaú Unibanco Vz. (ISIN US4655621062) received a higher Goldman Sachs price target of USD 10.50 from USD 9.30 on October 9, 2026, while the bank retained its Buy rating, as Markets Insider reported. The next earnings date gives the target revision a concrete test.

Results set the next checkpoint

Itaú Unibanco's investor-relations calendar lists third-quarter 2026 results for November 3, 2026 after trading hours, according to the Itaú Unibanco investor-relations page. The page also schedules an interactive meeting for November 4, 2026, giving investors a second date for management commentary.

What does the target change mean?

The Goldman Sachs target increased by USD 1.20, or 12.90 percent, from USD 9.30 to USD 10.50. That revision is constructive, but the upcoming report must provide the operating figures behind the view. The latest reported quarter cited by MarketBeat showed earnings per share of USD 0.21 against a USD 0.22 consensus estimate and revenue of USD 9.27 billion against USD 9.29 billion expected in the quarter reported on August 4, 2026.

Three dated developments

On May 5, 2026, Itaú Unibanco reported BRL 12.30 billion in profit for the first quarter, according to its filing record at GreekSoup. On August 4, 2026, the bank reported BRL 12.40 billion in second-quarter net income in the same filing record. On October 9, 2026, Goldman Sachs raised its target to USD 10.50 from USD 9.30, according to Markets Insider.

Dates for the calendar

The next two scheduled dates are November 3, 2026 for third-quarter results and November 4, 2026 for the interactive meeting, both listed on the Itaú Unibanco investor-relations page.

Stock price before the report

Itaú Unibanco was trading at EUR 8.43 at Lang & Schwarz on October 20, 2026 at 11:45 a.m. CEST. The quote provides the German-market reference for the stock ahead of the results, while the USD 10.50 target remains a separate analyst valuation in the original currency. The further course of trading is shown by the continuously updated real-time quote of Itaú Unibanco stock.