Petróleo Brasileiro S.A. - Petrobras

$26.00- (-)1Y +117.35%

As of Oct 16, 2026 close

Market cap: $326.08B
P/E (TTM): 64.58
Forward P/E: 21.78
Dividend yield: 4.68%
52-week range: $11.43$25.96
Volume (live): -
Avg. volume (3M): 23.55M

Petróleo Brasileiro S.A. - Petrobras (PBR) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Petróleo Brasileiro S.A. - Petrobras stock.

Analyst Consensus Rating

Investment consensus from 7 professional research analysts

Consensus Rating

Buy

Based on 7 unique analysts

(9 total ratings in last 90 days)

Medium Confidence5.0:1 Buy/Sell

Average Price Target

$23.75

−8.65% downside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest PBR Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 16, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Oct 14, 2026	Leonardo Marcondes	BofA Securities	Maintains	Buy	$22.00 → $28.00 +6.00 (+27.3%)
Oct 8, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-
Sep 23, 2026	Tasso Vasconcellos	UBS	Maintains	Buy	$22.00 → $23.00 +1.00 (+4.5%)
Sep 1, 2026	Milene Carvalho	JP Morgan	Maintains	Buy	$23.00 → $24.00 +1.00 (+4.3%)
Aug 27, 2026	Vicente Falanga	Bradesco	Upgrades	Buy	$20.00
Aug 25, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Sell	-
Aug 7, 2026	Caio Ribeiro	BofA Securities	Maintains	Buy	-
Aug 1, 2026	Debapriya Bhowal	Zacks Equity Research	Initiates Coverage	Sell	-

Zacks Equity Research

HoldInitiates Coverage

Oct 16

Leonardo Marcondes

BofA Securities

BuyMaintains

$22.00 → $28.00

Oct 14

Zacks Equity Research

HoldInitiates Coverage

Oct 8

Tasso Vasconcellos

UBS

BuyMaintains

$22.00 → $23.00

Sep 23

Milene Carvalho

JP Morgan

BuyMaintains

$23.00 → $24.00

Sep 1

Vicente Falanga

Bradesco

BuyUpgrades

$20.00

Aug 27

Zacks Equity Research

SellInitiates Coverage

Aug 25

Caio Ribeiro

BofA Securities

BuyMaintains

Aug 7

Debapriya Bhowal

Zacks Equity Research

SellInitiates Coverage

Aug 1

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 16, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for PBR?

The analyst consensus rating for PBR is Buy, based on the latest ratings from 7 analysts over the last 90 days.

What is the average price target for PBR?

The average 12-month price target for PBR is $23.75, representing a downside of 8.7% from the Oct 16, 2026 close of $26.00.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.