Banco Bradesco SA

BBD · B3

$4.07+$0.12 (+3.04%)TodayMarket closed · Oct 23, 7:43 PM ET

Prev close $3.95

BBD analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 12 analysts

Average $4.44 (+9.1% upside)

Low: $3.17
Now: $4.07
High: $5.77

Upgrades and downgrades

The latest rating actions, newest first

BBD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
HSBC	Oct 8, 2026	Downgrade	Buy → Hold	$3.90	79%
JP Morgan	Oct 6, 2026	Upgrade	Neutral → Overweight	—	—

The case for and against

Updated Dec 22, 2025

Bull case

Bank Bradesco's position as Brazil's second-largest private bank, controlling approximately 10%-15% of the country's deposits and boasting a 20%-25% market share in insurance, highlights its significant market presence and growth potential. The bank's recent update has led to increased forecasts for EBITDA and free cash flow through 2027, reflecting heightened confidence in its operational performance. Additionally, Bradesco's successful acquisition of HSBC's Brazilian operations in 2016 has bolstered its asset management arm, contributing to its strong market share and competitive advantage within the financial sector.

Bear case

Bank Bradesco has reported a significant decline in demand, with orders decreasing by 35% year-over-year and a book-to-bill ratio of 0.9x, indicating that new business is not keeping pace with the rate of revenue generation. This decline in orders is attributed to customer uncertainty, especially in the context of upcoming events, which could lead to a less favorable economic environment for the bank. Such challenging conditions could impact Bradesco's financial performance and overall market stability, contributing to a negative outlook for its stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.