Jefferies raises target for Itausa stock from BRL 16.00 to BRL 18.00

Published on 10/16/2026 at 02:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Itausa reported BRL 4.3 billion recurring net income for the second quarter, up 7.00 percent year over year. Itausa stock reflects 18.70 percent recurring ROE.

Capital allocation and returns

Jefferies lifted its Itausa target from BRL 16.00 to BRL 18.00 on October 8, 2026.
Recurring net income reached BRL 4.3 billion in the second quarter, up 7.00 percent year over year.
Itausa's market capitalization was BRL 175.9 billion as of October 15, 2026.

Itausa, BRITSAACNPR7, Illustration mit AI erstellt.

Itausa raised its investor case after Investing.com reported on October 8, 2026 that Jefferies raised its target from BRL 16.00 to BRL 18.00 while keeping a Buy rating. The change followed Itaúsa's annual Investor Day and puts capital allocation at the center of the stock story.

Jefferies raises the valuation bar

Jefferies also lifted its estimated net asset value by 14.00 percent to BRL 20.10 per share, according to Investing.com. The estimate gives the target revision a specific asset-value basis rather than presenting it as a general sentiment shift.

What does capital allocation mean?

At the October 8, 2026 Investor Day, Banco Safra described Itaúsa's strategy as stricter capital discipline and a more active role in its portfolio, including opportunities if conditions improve, Finance News reported. For investors, the key test is whether allocation decisions continue to translate into recurring earnings and dividends.

Three dated signals for Itausa

On August 11, 2026, Itaúsa reported recurring net income of BRL 4.3 billion for the second quarter, up 7.00 percent year over year, with recurring ROE of 18.70 percent, according to BTG Pactual. On October 6, 2026, management highlighted profitability of 19.00 percent and a dividend yield of 15.00 percent in the earnings call transcript published by EarningsAPI. On October 8, 2026, Jefferies set the new BRL 18.00 target, the latest of the three signals.

Market value sets the scale

Itausa had a market capitalization of BRL 175.9 billion as of October 15, 2026. Its quoted 52-week range was BRL 10.67 to BRL 16.63 over the same reference period, placing the valuation discussion alongside a broad trading history rather than a single session.