Petrobras stock: BofA lifts target for Petrobras stock to USD 28.00 from USD 22.00

Published on 10/21/2026 at 17:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 33.61 billion. Petrobras stock costs EUR 23.05 on October 21, 2026 at Lang & Schwarz.

Third-quarter dates set

BofA raised its Petrobras target to USD 28.00 from USD 22.00 on October 14, 2026.
Second-quarter 2026 revenue reached USD 33.61 billion, while net income attributable to shareholders was USD 10.43 billion.
Petrobras stock costs EUR 23.05 at Lang & Schwarz on October 21, 2026 at 5:37 p.m. CEST.
Petrobras will publish its production report on October 28, 2026 and financial results on November 10, 2026.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (ISIN US71654V4086) is trading at EUR 23.05 at Lang & Schwarz on October 21, 2026 at 5:37 p.m. CEST. BofA analyst Leonardo Marcondes raised the price target to USD 28.00 from USD 22.00 on October 14, 2026, according to Markets Insider.

Target rises as results approach

The revised target represents 8.32 percent upside to Petrobras's USD 25.85 primary-exchange price on October 21, 2026 at 11:40 a.m. ET. BofA kept a Buy rating and cited above-peer production growth and free cash flow generation in its assessment, while the 2026 election remains a stated catalyst.

Petrobras's second-quarter 2026 sales revenue was USD 33.61 billion, up from USD 21.04 billion in the second quarter of 2025. Net income attributable to shareholders reached USD 10.43 billion, compared with USD 4.73 billion a year earlier, according to Ticker Scout.

Stock sits near its yearly high

At USD 25.85 on the NYSE on October 21, 2026, Petrobras was 1.03 percent below its 52-week high of USD 26.12 and 126.07 percent above its 52-week low of USD 11.43. Its market capitalization was USD 166.6 billion, and its trailing price-to-earnings ratio was 6.24.

The company is scheduled to release its third-quarter 2026 Production and Sales Report on October 28, 2026 and its third-quarter financial results on November 10, 2026. A webcast is scheduled for November 11, 2026, according to StockWatch.

What comes next for Petrobras

The October production report will provide the next operating checkpoint before the November financial release. The second-quarter figures give investors a comparison point, with revenue up 59.75 percent year over year and net income up 120.31 percent.

Price and dates

Petrobras stock was trading at EUR 23.05 at Lang & Schwarz on October 21, 2026 at 5:37 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Petrobras stock.