Tupy stock gets two target hikes as turnaround case takes shape

Published on 09/30/2026 at 07:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tupy stock has two higher analyst targets after Itaú BBA and JPMorgan reassessed the turnaround case. Second-quarter revenue reached BRL 2.48 billion.

Tupy, BRTUPYACNOR1, Illustration mit AI erstellt.

Tupy stock (ISIN BRTUPYACNOR1) had a BRL 2.2 billion market capitalization on September 30, 2026, while analysts raised two targets as the company works toward an operational recovery. The latest focus is a possible improvement in demand, margins and governance.

Two targets move higher

According to Investing.com on September 30, 2026, Itaú BBA raised its Tupy target from BRL 13.00 to BRL 20.00 for the end of 2026 and changed its recommendation to Outperform. The bank expects demand recovery and efficiency measures to support the second half of the year.

InfoMoney reported on September 29, 2026, that JPMorgan lifted its Tupy target from BRL 18.00 to BRL 23.00 for December 2027 while keeping a buy recommendation. The bank cited governance improvements and a recovery in North American truck demand.

Second-quarter figures show the gap

Tupy's 2Q 2026 revenue was BRL 2.48 billion, down 5.80 percent from the comparable period, while adjusted EBITDA reached BRL 155.60 million and the adjusted EBITDA margin was 6.30 percent, according to TraderNews in its September 14, 2026 analysis. The margin was 1.70 percentage points below the 8.00 percent recorded a year earlier, leaving operational execution as the central test for the analyst case.

The same analysis showed BRL 303.40 million in operating cash flow for 2Q 2026 and net debt of BRL 1.90 billion. The figures point to a mixed setup: cash generation improved, but profitability and leverage remain more demanding than the target revisions alone suggest.

Stock range and next checkpoint

TUPY3 traded on B3 within a BRL 10.59 to BRL 16.86 52-week range on September 30, 2026, with market capitalization at BRL 2.2 billion. Tupy's investor-relations calendar lists the 2Q26 release on August 6, 2026, and Zonebourse lists the 3Q 2026 results for November 5, 2026.