Cogna stock faces a lower target after Bradesco BBI downgrade

Published on 10/07/2026 at 06:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cogna stock faces a BRL 3.10 target after Bradesco BBI cut its view from BRL 3.80 on September 24, 2026. Shares traded at BRL 2.80 on October 6.

Cogna, BRCOGNACNOR2, Illustration mit AI erstellt.

Cogna (BRCOGNACNOR2) traded at BRL 2.80 on B3 on October 6, 2026, gaining 4.09 percent during the session. The latest analyst reset came from Bradesco BBI, which cut its rating and 2027 price target for the Brazilian education company.

Bradesco BBI lowers its target

According to Seu Dinheiro on September 24, 2026, Bradesco BBI downgraded Cogna from Buy to Neutral and reduced its 2027 price target from BRL 3.80 to BRL 3.10. The bank also cut its 2027 net income forecast by 18 percent, leaving the estimate 13 percent below market consensus.

The report cited weaker student recruitment and pressure on Kroton revenue and margins in the second half of 2026. It also highlighted regulatory pressure in higher education, a factor that could raise operating costs if more in-person activity is required.

June figures show a larger base

TradeMap lists Cogna revenue of BRL 7.83 billion for the period reported through June 30, 2026, up 3.9 percent from BRL 7.54 billion in the March 31 column. EBITDA reached BRL 2.15 billion, compared with BRL 2.10 billion in March, while net income rose to BRL 676.1 million from BRL 633.0 million.

Those figures place the target cut against a business with a larger twelve-month revenue base and improving profit figures through June. TradeMap also reports net debt of BRL 5.26 billion and a net debt to EBITDA ratio of 2.44 times as of June 30, 2026, compared with 2.54 times in March.

Cogna stock stays below the yearly high

Cogna's B3 quote reached BRL 2.84 at the October 6, 2026 intraday high and BRL 2.70 at the low, leaving the BRL 2.80 price below the 52-week high of BRL 4.75 and above the 52-week low of BRL 1.99. The contrast between improving reported figures and a lower analyst target makes margin pressure, student intake and debt reduction the key valuation checkpoints.