Petrobras stock: Bank of America raises target to USD 28.00

Published on 10/22/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras releases production report October 28, 2026. Petrobras stock costs EUR 22.95 at Lang & Schwarz on October 22, 2026 at 3:40 p.m. CEST.

Analyst target and reporting dates

Bank of America raised its Petrobras target to USD 28.00 from USD 22.00 on October 14, 2026.
Petrobras will publish its production report on October 28, 2026 and financial results on November 10, 2026.
Petrobras stock costs EUR 22.95 at Lang & Schwarz on October 22, 2026 at 3:40 p.m. CEST.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (ISIN US71654V4086) faces a fresh valuation test after Bank of America raised its price target for the stock to USD 28.00 from USD 22.00 on October 14, 2026. The target change gives investors a defined benchmark ahead of the company's next operating updates. Petrobras stock was trading at EUR 22.95 at Lang & Schwarz on October 22, 2026 at 3:40 p.m. CEST.

Bank of America raises its target

According to MarketWatch, Bank of America lifted its Petrobras target from USD 22.00 to USD 28.00 on October 14, 2026. The report also carried a Buy rating. The new target is USD 6.00, or 27.27 percent, above the former target, providing the clearest quantified change in the current analyst view.

Stock remains below its yearly high

Petrobras had a market capitalization of USD 163.8 billion and a price-to-earnings ratio of 6.23 as of October 22, 2026. Its NYSE quote stood at USD 25.41 at 9:55 a.m. ET, while the 52-week range was USD 11.43 to USD 26.12. The stock was therefore USD 0.71 below its yearly high, equivalent to 2.72 percent.

What comes next for Petrobras?

Petrobras will publish its third-quarter 2026 Production and Sales Report on October 28, 2026, followed by its third-quarter financial results on November 10, 2026. The company will hold a results webcast on November 11, 2026, at 11:30 a.m. Brasília time. These dates were disclosed in the company's October 13, 2026 filing carried by StockTitan.

Comparison with peers

Exxon Mobil (NYSE, USD): down 0.52 percent, P/E 22.80, market capitalization USD 728.5 billion.

Chevron (NYSE, USD): down 0.32 percent, P/E 21.74, market capitalization USD 446.7 billion.

Investor perspective

The analyst target, the upcoming production release and the distance to the 52-week high give Petrobras stock three measurable reference points for the next trading stages. The company remains positioned across exploration, production, refining and gas operations, making the production report the next concrete operating marker.

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