BofA cuts TIM target and upgrades TIM stock to Neutral

Published on 10/14/2026 at 03:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA's Neutral view now covers TIM stock after October 13, 2026. Second-quarter revenue reached USD 1.36 billion, while EPS was USD 0.42.

Analyst view and reporting dates

BofA upgraded TIM from Underperform to Neutral and cut its target on October 13, 2026.
Second-quarter revenue reached USD 1.36 billion, while earnings per share came in at USD 0.42.
TIM will disclose third-quarter results on November 9, 2026, followed by its conference on November 10, 2026.

TIMB, US88706T1088, Illustration mit AI erstellt.

TIM S.A. (ISIN US88706T1088) received a more balanced analyst view after BofA Securities upgraded the company from Underperform to Neutral and cut its price target from USD 24.00 to USD 22.00 on October 13, 2026, according to Investing.com. The revision puts valuation and competitive pressure at the center of the TIM stock debate.

Target falls to USD 22.00

BofA's change combined a rating upgrade with a lower target, a mixed signal rather than a straightforward bullish call. The bank's note described the risk-reward balance as more even, while its revised scenario assumes only partial inflation pass-through in 2027, Markets Insider reported on October 13, 2026.

The target reduction is concrete: USD 2.00, or 8.33 percent below the previous USD 24.00 objective. BofA also pointed to competitive dynamics and the possibility of further earnings revisions if pricing pressure persists, according to Investing.com.

What does the target cut signal?

TIM's second-quarter 2026 revenue reached USD 1.36 billion and slightly exceeded Wall Street expectations, while earnings per share came in at USD 0.4212 against a USD 0.4323 consensus estimate, Investing.com reported. The revenue beat and earnings-per-share shortfall explain why the latest analyst stance combines a less negative rating with a lower valuation benchmark.

Next reporting dates

TIM's investor-relations calendar schedules disclosure of third-quarter 2026 results for November 9, 2026, after the market close, followed by the results conference on November 10, 2026, at 10:00 a.m. Brasilia time, according to TIM S.A.. Those dates give the next formal test of the competitive and pass-through assumptions behind the revised target.

NYSE quote and valuation context

TIMB was last quoted at USD 18.18 on the NYSE on October 13, 2026 at 4:00 p.m. ET. The 52-week range was USD 17.14 to USD 28.22, and market capitalization stood at USD 8.7 billion on that date.