Itaú lifted target for Taesa stock to BRL 43.50

Published on 10/14/2026 at 00:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Taesa stock yields 6.59 percent as of October 9, 2026. Results are set for November 11, 2026 after BRL 567.1 million net income in the second quarter.

Target and reporting dates

Itaú lifted its Taesa target from BRL 41.80 to BRL 43.50 on October 8, 2026.
Second-quarter revenue reached BRL 1.0676 billion, while net income rose to BRL 567.1 million.
Taesa will report third-quarter results on November 11, 2026, followed by its market conference on November 12, 2026.

Taesa, BRTAEECDAM10, Illustration mit AI erstellt.

Itaú lifted its target for Taesa (ISIN BRTAEECDAM10) stock from BRL 41.80 to BRL 43.50 on October 8, 2026, according to Itaú Investimentos. The bank kept a neutral view while pointing to regulatory decisions and the future of expiring concessions as key valuation factors.

Three dated milestones shape the story

TradeMap lists Taesa's first-quarter 2026 results on March 31, 2026, with quarterly net income of BRL 353.6 million. The second-quarter results followed on August 11, 2026, when net income reached BRL 567.1 million. The October 8, 2026 target revision is the latest dated event in this sequence.

For the second quarter of 2026, revenue was BRL 1.0676 billion, down 15.40 percent from BRL 1.2618 billion in the second quarter of 2025. Net income rose 11.20 percent from BRL 510.0 million to BRL 567.1 million over the same comparison, according to Valor Investe.

What does the target change mean?

The BRL 1.70 increase represents a 4.07 percent rise in Itaú's target, calculated from BRL 41.80 to BRL 43.50. The neutral stance reflects a counterweight to Taesa's income profile: the company must manage concession expirations and financing costs while preserving distributions.

TradeMap showed a 6.59 percent dividend yield on October 9, 2026. The same dated snapshot showed a price-to-earnings ratio of 9.84, giving the target revision a valuation context without turning it into a trading recommendation.

November brings the next dates

Taesa's investor-relations calendar schedules the third-quarter 2026 earnings release for November 11, 2026 and the earnings videoconference for November 12, 2026, as listed on the company's investor-relations page. The dates put the next results update and management discussion within the same reporting sequence.