UBS raises target for Petrobras stock from USD 22.00 to USD 23.00

Published on 10/01/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras net income hit USD 10.40 billion in the second quarter, up 120.00 percent. Petrobras stock was EUR 18.55 on October 1, 2026, versus EUR 18.48.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras stock (ISIN US71654V4086) was trading at EUR 18.55 at Lang & Schwarz on October 1, 2026 at 1:32 p.m. CEST. On September 23, 2026, UBS raised its price target from USD 22.00 to USD 23.00 and maintained a buy rating, according to MarketBeat.

UBS lifts the analyst benchmark

The change puts UBS above the average 12-month target of USD 21.16 cited for Petrobras by MarketBeat. Five of seven analysts carried buy ratings and two carried hold ratings in the September 29, 2026 consensus update, giving the stock a Moderate Buy view.

The target revision matters because it raises the published UBS benchmark by USD 1.00, or 4.55 percent, from USD 22.00. It also leaves the target above the September 30, 2026 primary-market quote of USD 20.87, although the euro reference price remains the basis for this article.

Second-quarter earnings reset the base

The Rio Times reported that Petrobras generated USD 33.60 billion in sales revenue and USD 10.40 billion in net income in the second quarter of 2026. Revenue increased 60.00 percent year over year, while net income rose 120.00 percent over the same comparison period.

The same report put own oil and gas output at 3.34 million barrels of oil equivalent per day in the second quarter. That operating scale helps explain why the latest results are central to the valuation debate, even as oil prices, taxes and government policy remain important earnings variables.

Next report date is November 10

Yahoo Finance lists November 10, 2026, as Petrobras's next earnings announcement for the third quarter of 2026. The published consensus calls for USD 0.99 in earnings per share and USD 28.74 billion in revenue, with both figures carrying year-over-year growth expectations.

Euro quote stays near the yearly range

The Lang & Schwarz price was EUR 18.55 at 1:32 p.m. CEST on October 1, 2026, up EUR 0.07 or 0.38 percent versus the EUR 18.48 prior close of September 30, 2026. Primary-listing data show a USD 134.5 billion market capitalization and a USD 11.43 to USD 22.24 52-week range as of September 30, 2026.

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