Itaú Unibanco (ITUB) Stock Forecast, Price Target & Predictions
ITUB Stock Forecast
Itaú Unibanco stock forecast is as follows: an average price target of $6.50 (represents a 29.48% upside from ITUB’s last price of $5.02) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
ITUB Price Target
The average price target for Itaú Unibanco (ITUB) is $6.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $4.50. This represents a potential 29.48% upside from ITUB's last price of $5.02.
ITUB Analyst Ratings
According to 6 Wall Street analysts, Itaú Unibanco's rating consensus is 'Buy'. The analyst rating breakdown for ITUB stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Itaú Unibanco Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 17, 2024 | Jorge Kuri | Morgan Stanley | $8.00 | $5.83 | 37.10% | 59.36% |
| Sep 29, 2022 | Goldman Sachs | $7.00 | $5.11 | 36.99% | 39.44% | |
| Jan 24, 2022 | Gilberto Garcia | Barclays | $4.50 | $4.20 | 7.14% | -10.36% |
The latest Itaú Unibanco stock forecast, released on Jun 17, 2024 by Jorge Kuri from Morgan Stanley, set a price target of $8.00, which represents a 37.10% increase from the stock price at the time of the forecast ($5.83), and a 59.36% increase from ITUB last price ($5.02).
Itaú Unibanco Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $8.00 |
| Last Closing Price | $5.02 | $5.02 | $5.02 |
| Upside/Downside | -100.00% | -100.00% | 59.36% |
In the current month, the average price target of Itaú Unibanco stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Itaú Unibanco's last price of $5.02. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 22, 2024 | UBS | Neutral | Downgrade | |
| Jun 17, 2024 | Morgan Stanley | Overweight | Upgrade | |
| Jan 16, 2024 | Bank of America Securities | Buy | Upgrade | |
| Nov 15, 2022 | Barclays | Overweight | Upgrade | |
| Sep 29, 2022 | Goldman Sachs | Buy | Upgrade | |
| Aug 29, 2022 | Santander | Neutral | Downgrade |
Itaú Unibanco's last stock rating was published by UBS on Aug 22, 2024. The company Downgrade its ITUB rating from "null" to "Neutral".
Itaú Unibanco Financial Forecast
Itaú Unibanco Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $34.24B | $35.32B | $35.05B | $34.54B | $33.70B | $33.75B | $29.10B | $31.51B | $27.19B | $35.02B | $24.21B | $22.14B | $11.95B | $31.91B | $25.34B |
| Avg Forecast | $42.19B | $41.72B | $41.25B | $40.79B | $40.38B | $39.13B | $38.81B | $38.08B | $36.88B | $41.70B | $42.01B | $39.56B | $40.22B | $38.77B | $38.57B | $38.29B | $38.60B | $36.77B | $32.80B | $32.50B | $32.44B | $29.58B | $28.64B | $28.93B | $27.89B | $28.30B | $29.85B | $28.68B | $29.68B | $30.70B |
| High Forecast | $42.62B | $42.15B | $41.68B | $41.21B | $40.80B | $39.53B | $39.22B | $38.47B | $37.26B | $41.84B | $42.01B | $39.56B | $41.17B | $39.21B | $38.97B | $38.68B | $39.00B | $36.77B | $32.80B | $32.50B | $32.44B | $29.58B | $28.64B | $28.93B | $27.89B | $28.30B | $29.85B | $28.68B | $29.68B | $30.70B |
| Low Forecast | $41.86B | $41.39B | $40.93B | $40.47B | $40.07B | $38.82B | $38.51B | $37.78B | $36.60B | $41.57B | $42.01B | $39.56B | $39.27B | $38.32B | $38.27B | $37.99B | $38.30B | $36.77B | $32.80B | $32.50B | $32.44B | $29.58B | $28.64B | $28.93B | $27.89B | $28.30B | $29.85B | $28.68B | $29.68B | $30.70B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 12 | 7 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.91% | 0.95% | 1.05% | 1.04% | 1.04% | 0.98% | 1.10% | 0.94% | 1.26% | 0.86% | 0.74% | 0.42% | 1.08% | 0.83% |
Itaú Unibanco's average Quarter revenue forecast for Jun 23 based on 1 analysts is $38.57B, with a low forecast of $38.27B, and a high forecast of $38.97B. ITUB's average Quarter revenue forecast represents a 12.65% increase compared to the company's last Quarter revenue of $34.24B (Mar 23).
Itaú Unibanco EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 12 | 7 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $49.15B | $52.79B | $50.44B | $36.19B | $40.39B | $36.06B | $30.22B | $23.56B | $24.31B | $26.31B | $17.26B | $21.66B | $21.12B | $22.73B | $27.72B |
| Avg Forecast | $9.46B | $9.36B | $9.25B | $9.15B | $9.06B | $8.77B | $8.70B | $8.54B | $8.27B | $9.35B | $9.42B | $8.87B | $9.02B | $8.69B | $8.65B | $8.59B | $8.66B | $13.24B | $11.81B | $11.70B | $11.68B | $10.65B | $10.31B | $10.41B | $10.04B | $10.19B | $10.74B | $10.32B | $10.68B | $11.05B |
| High Forecast | $9.56B | $9.45B | $9.35B | $9.24B | $9.15B | $8.87B | $8.79B | $8.63B | $8.36B | $9.38B | $9.42B | $8.87B | $9.23B | $8.79B | $8.74B | $8.67B | $8.75B | $13.24B | $11.81B | $11.70B | $11.68B | $10.65B | $10.31B | $10.41B | $10.04B | $10.19B | $10.74B | $10.32B | $10.68B | $11.05B |
| Low Forecast | $9.39B | $9.28B | $9.18B | $9.08B | $8.99B | $8.71B | $8.64B | $8.47B | $8.21B | $9.32B | $9.42B | $8.87B | $8.81B | $8.59B | $8.58B | $8.52B | $8.59B | $13.24B | $11.81B | $11.70B | $11.68B | $10.65B | $10.31B | $10.41B | $10.04B | $10.19B | $10.74B | $10.32B | $10.68B | $11.05B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.72% | 6.10% | 3.81% | 3.07% | 3.45% | 3.09% | 2.84% | 2.29% | 2.33% | 2.62% | 1.69% | 2.02% | 2.05% | 2.13% | 2.51% |
1 analysts predict ITUB's average Quarter EBITDA for Jun 23 to be $8.65B, with a high of $8.74B and a low of $8.58B. This is -82.40% lower than Itaú Unibanco's previous annual EBITDA (Mar 23) of $49.15B.
Itaú Unibanco Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 12 | 7 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.36B | $7.50B | $8.09B | $7.46B | $6.65B | $7.03B | $6.08B | $8.40B | $5.68B | $8.98B | $4.73B | $1.72B | $3.46B | $8.67B | $5.17B |
| Avg Forecast | $10.78B | $10.70B | $10.61B | $10.52B | $11.12B | $9.78B | $9.87B | $9.86B | $9.24B | $10.27B | $10.34B | $40.68B | $9.33B | $9.01B | $8.57B | $37.33B | $41.80B | $8.21B | $7.56B | $31.32B | $6.94B | $6.53B | $5.06B | $29.45B | $4.35B | $4.15B | $3.99B | $24.72B | $5.97B | $6.40B |
| High Forecast | $10.93B | $10.84B | $10.75B | $10.66B | $11.27B | $9.91B | $10.00B | $10.33B | $9.73B | $10.37B | $10.35B | $48.81B | $9.46B | $9.49B | $8.69B | $44.80B | $50.16B | $8.21B | $7.56B | $37.58B | $6.94B | $6.53B | $5.06B | $35.33B | $4.35B | $4.15B | $3.99B | $29.67B | $5.97B | $6.40B |
| Low Forecast | $10.68B | $10.59B | $10.50B | $10.41B | $11.01B | $9.68B | $9.77B | $8.92B | $8.76B | $10.17B | $10.32B | $32.54B | $8.84B | $8.54B | $8.49B | $29.86B | $33.44B | $8.21B | $7.56B | $25.06B | $6.94B | $6.53B | $5.06B | $23.56B | $4.35B | $4.15B | $3.99B | $19.78B | $5.97B | $6.40B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.20% | 0.18% | 0.99% | 0.99% | 0.21% | 1.01% | 0.93% | 1.66% | 0.19% | 2.06% | 1.14% | 0.43% | 0.14% | 1.45% | 0.81% |
Itaú Unibanco's average Quarter net income forecast for Jun 23 is $8.57B, with a range of $8.49B to $8.69B. ITUB's average Quarter net income forecast represents a 16.55% increase compared to the company's last Quarter net income of $7.36B (Mar 23).
Itaú Unibanco SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 12 | 7 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.35B | $14.97B | $12.68B | $12.07B | $12.24B | $12.19B | $11.23B | $10.85B | $11.38B | $10.65B | $10.69B | $10.88B | $9.96B | $11.64B | $13.07B |
| Avg Forecast | $18.59B | $18.39B | $18.18B | $17.98B | $17.80B | $17.25B | $17.11B | $16.78B | $16.26B | $18.38B | $18.52B | $17.43B | $17.73B | $17.09B | $17.00B | $16.87B | $17.01B | $13.00B | $11.60B | $11.49B | $11.47B | $10.46B | $10.13B | $10.23B | $9.86B | $10.01B | $10.55B | $10.14B | $10.49B | $10.85B |
| High Forecast | $18.79B | $18.58B | $18.37B | $18.16B | $17.98B | $17.42B | $17.28B | $16.96B | $16.42B | $18.44B | $18.52B | $17.43B | $18.15B | $17.28B | $17.18B | $17.05B | $17.19B | $13.00B | $11.60B | $11.49B | $11.47B | $10.46B | $10.13B | $10.23B | $9.86B | $10.01B | $10.55B | $10.14B | $10.49B | $10.85B |
| Low Forecast | $18.45B | $18.24B | $18.04B | $17.84B | $17.66B | $17.11B | $16.97B | $16.65B | $16.13B | $18.32B | $18.52B | $17.43B | $17.31B | $16.89B | $16.87B | $16.74B | $16.88B | $13.00B | $11.60B | $11.49B | $11.47B | $10.46B | $10.13B | $10.23B | $9.86B | $10.01B | $10.55B | $10.14B | $10.49B | $10.85B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.73% | 0.88% | 0.98% | 1.04% | 1.06% | 1.06% | 1.07% | 1.07% | 1.11% | 1.08% | 1.07% | 1.03% | 0.98% | 1.11% | 1.20% |
Itaú Unibanco's average Quarter SG&A projection for Jun 23 is $17.00B, based on 1 Wall Street analysts, with a range of $16.87B to $17.18B. The forecast indicates a 37.65% rise compared to ITUB last annual SG&A of $12.35B (Mar 23).
Itaú Unibanco EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 12 | 7 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.75 | $0.77 | $0.83 | $0.76 | $0.68 | $0.72 | $0.62 | $0.86 | $0.35 | $0.92 | $0.49 | $0.18 | $0.35 | $0.89 | $0.53 |
| Avg Forecast | $1.09 | $1.08 | $1.07 | $1.07 | $1.13 | $0.99 | $1.00 | $1.00 | $0.94 | $1.04 | $1.05 | $0.98 | $0.95 | $0.91 | $0.87 | $0.87 | $0.85 | $0.83 | $0.77 | $0.70 | $0.70 | $0.66 | $0.51 | $0.51 | $0.44 | $0.42 | $0.40 | $0.53 | $0.60 | $0.65 |
| High Forecast | $1.11 | $1.10 | $1.09 | $1.08 | $1.14 | $1.00 | $1.01 | $1.05 | $0.99 | $1.05 | $1.05 | $0.98 | $0.96 | $0.96 | $0.88 | $0.88 | $0.87 | $0.83 | $0.77 | $0.70 | $0.70 | $0.66 | $0.51 | $0.51 | $0.44 | $0.42 | $0.40 | $0.53 | $0.60 | $0.65 |
| Low Forecast | $1.08 | $1.07 | $1.06 | $1.05 | $1.11 | $0.98 | $0.99 | $0.90 | $0.89 | $1.03 | $1.05 | $0.98 | $0.90 | $0.87 | $0.86 | $0.86 | $0.85 | $0.83 | $0.77 | $0.70 | $0.70 | $0.66 | $0.51 | $0.51 | $0.44 | $0.42 | $0.40 | $0.53 | $0.60 | $0.65 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.90% | 1.00% | 0.99% | 0.97% | 1.02% | 0.94% | 1.68% | 0.69% | 2.09% | 1.17% | 0.45% | 0.66% | 1.47% | 0.82% |
According to 1 Wall Street analysts, Itaú Unibanco's projected average Quarter EPS for Jun 23 is $0.87, with a low estimate of $0.86 and a high estimate of $0.88. This represents a 15.78% increase compared to ITUB previous annual EPS of $0.75 (Mar 23).
Itaú Unibanco Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BSBR | Banco Santander (Brasil) | $4.04 | $7.20 | 78.22% | Buy |
| BBD | Banco Bradesco | $2.00 | $3.20 | 60.00% | Buy |
| ITUB | Itaú Unibanco | $5.23 | $6.50 | 24.28% | Buy |
| BSAC | Banco Santander-Chile | $19.07 | $21.00 | 10.12% | Buy |
| BCH | Banco de Chile | $23.15 | $25.00 | 7.99% | Hold |
| LYG | Lloyds Banking Group | $2.73 | $2.75 | 0.73% | Hold |
| GGAL | Grupo Financiero Galicia | $68.72 | $60.67 | -11.71% | Buy |
| DB | Deutsche Bank Aktiengesellschaft | $17.61 | $14.87 | -15.56% | Buy |
| BMA | Banco Macro | $106.26 | $78.00 | -26.60% | Hold |
| SUPV | Grupo Supervielle | $15.54 | $7.00 | -54.95% | Buy |