BofA cuts TIM target from USD 24 to USD 22 and upgrades TIM stock

Published on 10/16/2026 at 05:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TIM's second-quarter net income topped BRL 1.00 billion, up 6.00 percent. A USD 1.37 billion revenue estimate anchors TIM stock before November 10, 2026.

Analyst shift and earnings calendar

On October 13, 2026, BofA cut its target from USD 24.00 to USD 22.00 and upgraded TIM to Neutral.
Second-quarter 2026 net income topped BRL 1.00 billion, rising 6.00 percent year over year.
TIM will review third-quarter results on November 10, 2026, with the conference call scheduled for November 11, 2026.

TIMB, US88706T1088, Illustration mit AI erstellt.

TIM (ISIN US88706T1088) saw Bank of America cut its target from USD 24.00 to USD 22.00 and upgrade the stock to Neutral on October 13, 2026, according to Investing.com. The change followed a difficult stretch for the Brazilian telecom operator and reset the immediate analyst debate around valuation and competition.

What changed in the analyst view?

BofA moved TIM from Underperform to Neutral while reducing its target by USD 2.00. Markets Insider reported on October 13, 2026, that analyst Rogerio Araujo viewed competition as a cap on upside and pass-through as a key issue. That combination gives the upgrade a cautious tone rather than signaling a higher valuation ceiling.

TIM's second-quarter 2026 net income exceeded BRL 1.00 billion, an increase of 6.00 percent from the prior year, while quarterly revenue approached BRL 7.00 billion, according to ScanX on September 17, 2026. The earnings profile therefore supplies a counterweight to the lower target: profit growth remained positive, while the analyst view became less aggressive.

Three events reset the stock

On July 10, 2026, Barclays lowered its target from USD 28.00 to USD 24.00, as reported by MarketBeat. On September 17, 2026, TIM reported second-quarter net income above BRL 1.00 billion, up 6.00 percent year over year, according to ScanX. On October 13, 2026, BofA upgraded the rating to Neutral and cut its target to USD 22.00, as MarketBeat reported.

When are the next results?

TIM's investor-relations calendar schedules the board review of third-quarter 2026 results for November 10, 2026, followed by the results conference call on November 11, 2026. The company said the statements will cover the period ended September 30, 2026, according to its TIM Group release dated October 6, 2026.

Stock context before results

TIM stock was last at USD 18.40 on the NYSE on October 15, 2026 at 4:00 p.m. EDT. Its 52-week range was USD 16.21 to USD 28.22, and market capitalization stood at USD 8.8 billion as of October 15, 2026.