VALE, US91912E1055

JPMorgan raised target to USD 22 for Vale stock

Published on 10/12/2026 at 11:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vale stock stands at EUR 12.15 on October 12, 2026. Q2 revenue was USD 10.24 billion versus USD 10.47 billion expected.

Key points in brief

JPMorgan raised its Vale price target from USD 21.00 to USD 22.00 on September 30, 2026 and kept an Overweight rating.
Vale reported USD 10.24 billion in second-quarter 2026 revenue against USD 10.47 billion expected, while earnings per share were USD 0.36 versus USD 0.46 consensus.
Vale stock was trading at EUR 12.15 at Lang & Schwarz on October 12, 2026 at 11:36 a.m. CEST.
Vale is scheduled to report third-quarter 2026 results on October 29, 2026.

VALE, US91912E1055, Illustration mit AI erstellt.

JPMorgan raised its Vale price target from USD 21.00 to USD 22.00 and kept an Overweight rating in a research report dated September 30, 2026, as MarketBeat reports. The move puts a bullish analyst view against a broader Hold consensus and a mining business exposed to iron ore demand.

Three dates define the setup

On July 30, 2026, Vale reported second-quarter revenue of USD 10.24 billion and earnings per share of USD 0.36, below the USD 10.47 billion revenue and USD 0.46 earnings-per-share consensus cited by MarketBeat. On September 10, 2026, Vale paid a special dividend of USD 0.3088 per share, according to the same report. On September 30, 2026, JPMorgan raised its target from USD 21.00 to USD 22.00 and kept Overweight, according to MarketBeat.

What does the target change mean?

The USD 22.00 target is USD 5.96 above the USD 16.04 average twelve-month target reported for 16 analysts, while 12 of those analysts held a Hold rating. That split matters because the higher JPMorgan target is a specific bullish revision, not a shift in the overall consensus.

Vale's second-quarter revenue was USD 10.24 billion, but the result missed the USD 10.47 billion consensus by USD 0.23 billion. Earnings per share also missed by USD 0.10, leaving operating performance and commodity pricing as the central counterweights to the higher target.

Results date sets the next test

MarketBeat lists October 29, 2026 as Vale's third-quarter earnings date before the market opens, with the conference call scheduled for October 30, 2026 at 10:00 a.m. ET. The published third-quarter consensus is USD 0.37 earnings per share and USD 10.44 billion in revenue, compared with USD 0.63 and USD 10.42 billion a year earlier.

Vale stock and the next catalyst

Vale stock was trading at EUR 12.15 at Lang & Schwarz on October 12, 2026 at 11:36 a.m. CEST. The latest primary-market reference cited by The Rio Times was a NYSE close of USD 13.62 on October 9, 2026, up 1.49 percent that session. The next reported earnings date is October 29, 2026.

The further course of trading is shown by the continuously updated real-time quote of Vale stock.