Itaú Unibanco (ITUB) Stock Forecast, Price Target & Predictions


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ITUB Stock Forecast


Itaú Unibanco stock forecast is as follows: an average price target of $6.50 (represents a 6.91% upside from ITUB’s last price of $6.08) 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 6.91% upside from ITUB's last price of $6.08.

ITUB Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 17, 2024Jorge KuriMorgan Stanley$8.00$5.8337.10%31.58%
Sep 29, 2022-Goldman Sachs$7.00$5.1136.99%15.13%
Jan 24, 2022Gilberto GarciaBarclays$4.50$4.207.14%-25.99%
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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 31.58% increase from ITUB last price ($6.08).

Itaú Unibanco Price Target by Period


1M3M12M
# Anlaysts--1
Avg Price Target--$8.00
Last Closing Price$6.08$6.08$6.08
Upside/Downside-100.00%-100.00%31.58%

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 $6.08. 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


DateCompanyPrevious RatingNew RatingRating Change
Aug 22, 2024UBS-NeutralDowngrade
Jun 17, 2024Morgan Stanley-OverweightUpgrade
Jan 16, 2024Bank of America Securities-BuyUpgrade
Nov 15, 2022Barclays-OverweightUpgrade
Sep 29, 2022Goldman Sachs-BuyUpgrade
Aug 29, 2022Santander-NeutralDowngrade
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$39.84B$40.27B$39.51B$38.74B$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$42.19B$41.72B$41.25B$40.79B$40.38B$39.84B$40.27B$39.51B$38.74B$41.70B$42.01B$39.56B$41.17B$39.21B$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
Low Forecast$42.19B$41.72B$41.25B$40.79B$40.38B$39.84B$40.27B$39.51B$38.74B$41.70B$42.01B$39.56B$39.27B$38.32B$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
# Analysts11111111111122111111111118812712
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 $38.57B, and a high forecast of $38.57B. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111111111122111111111118812712
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$15.19B$15.02B$14.85B$14.68B$14.54B$14.34B$14.49B$14.22B$13.95B$15.01B$15.12B$14.24B$14.48B$13.95B$13.88B$13.78B$13.90B$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$15.19B$15.02B$14.85B$14.68B$14.54B$14.34B$14.49B$14.22B$13.95B$15.01B$15.12B$14.24B$14.82B$14.11B$13.88B$13.78B$13.90B$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$15.19B$15.02B$14.85B$14.68B$14.54B$14.34B$14.49B$14.22B$13.95B$15.01B$15.12B$14.24B$14.14B$13.79B$13.88B$13.78B$13.90B$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 %---------------3.57%3.80%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 $13.88B, with a high of $13.88B and a low of $13.88B. This is -71.75% lower than Itaú Unibanco's previous annual EBITDA (Mar 23) of $49.15B.

Itaú Unibanco Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111111111122111111111118812712
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$10.79B$10.70B$10.61B$10.52B$11.04B$10.70B$10.29B$10.11B$9.82B$10.27B$10.34B$40.68B$9.33B$9.02B$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$10.79B$10.70B$10.61B$10.52B$11.04B$10.70B$10.29B$10.11B$9.82B$10.81B$10.35B$48.81B$9.33B$9.49B$8.57B$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$10.79B$10.70B$10.61B$10.52B$11.04B$10.70B$10.29B$10.11B$9.82B$10.27B$10.33B$32.54B$8.84B$8.54B$8.57B$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 $8.57B to $8.57B. ITUB's average Quarter net income forecast represents a 16.57% increase compared to the company's last Quarter net income of $7.36B (Mar 23).

Itaú Unibanco SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111111111122111111111118812712
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$14.92B$14.75B$14.59B$14.42B$14.28B$14.09B$14.24B$13.97B$13.70B$14.75B$14.86B$13.99B$14.22B$13.71B$13.64B$13.54B$13.65B$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$14.92B$14.75B$14.59B$14.42B$14.28B$14.09B$14.24B$13.97B$13.70B$14.75B$14.86B$13.99B$14.56B$13.86B$13.64B$13.54B$13.65B$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$14.92B$14.75B$14.59B$14.42B$14.28B$14.09B$14.24B$13.97B$13.70B$14.75B$14.86B$13.99B$13.89B$13.55B$13.64B$13.54B$13.65B$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 %---------------0.91%1.10%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 $13.64B, based on 1 Wall Street analysts, with a range of $13.64B to $13.64B. The forecast indicates a 10.44% rise compared to ITUB last annual SG&A of $12.35B (Mar 23).

Itaú Unibanco EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111111111122111111111118812712
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$1.12$1.08$1.04$1.02$0.99$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$1.09$1.08$1.07$1.07$1.12$1.08$1.04$1.02$0.99$1.10$1.05$0.98$0.95$0.96$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
Low Forecast$1.09$1.08$1.07$1.07$1.12$1.08$1.04$1.02$0.99$1.04$1.05$0.98$0.90$0.87$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
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 $0.87 and a high estimate of $0.87. This represents a 15.78% increase compared to ITUB previous annual EPS of $0.75 (Mar 23).

Itaú Unibanco Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BSBRBanco Santander (Brasil)$4.65$7.2054.84%Buy
BBDBanco Bradesco$2.42$3.2032.23%Buy
BSACBanco Santander-Chile$19.73$21.508.97%Buy
BCHBanco de Chile$23.36$25.007.02%Hold
ITUBItaú Unibanco$6.08$6.506.91%Buy
BMABanco Macro$75.09$78.003.88%Hold
LYGLloyds Banking Group$2.83$2.75-2.83%Hold
GGALGrupo Financiero Galicia$51.75$45.00-13.04%Buy
DBDeutsche Bank Aktiengesellschaft$17.12$14.87-13.14%Buy
SUPVGrupo Supervielle$8.85$7.00-20.90%Hold

ITUB Forecast FAQ


Yes, according to 6 Wall Street analysts, Itaú Unibanco (ITUB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 66.67% of ITUB's total ratings.

Itaú Unibanco (ITUB) average price target is $6.5 with a range of $4.5 to $8, implying a 6.91% from its last price of $6.08. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ITUB stock, the company can go up by 6.91% (from the last price of $6.08 to the average price target of $6.5), up by 31.58% based on the highest stock price target, and down by -25.99% based on the lowest stock price target.

ITUB's average twelve months analyst stock price target of $6.5 does not support the claim that Itaú Unibanco can reach $9 in the near future.

Itaú Unibanco's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $160B (high $160B, low $160B), average EBITDA is $57.59B (high $57.59B, low $57.59B), average net income is $42.14B (high $42.14B, low $42.14B), average SG&A $56.57B (high $56.57B, low $56.57B), and average EPS is $4.27 (high $4.27, low $4.27). ITUB's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $165.94B (high $165.94B, low $165.94B), average EBITDA is $59.73B (high $59.73B, low $59.73B), average net income is $42.61B (high $42.61B, low $42.61B), average SG&A $58.68B (high $58.68B, low $58.68B), and average EPS is $4.32 (high $4.32, low $4.32).

Based on Itaú Unibanco's last annual report (Dec 2022), the company's revenue was $138.6B, which missed the average analysts forecast of $140.68B by -1.48%. Apple's EBITDA was $179.81B, beating the average prediction of $50.64B by 255.08%. The company's net income was $29.7B, missing the average estimation of $88.89B by -66.59%. Apple's SG&A was $51.96B, beating the average forecast of $49.74B by 4.47%. Lastly, the company's EPS was $3.03, missing the average prediction of $3.15 by -3.86%. In terms of the last quarterly report (Mar 2023), Itaú Unibanco's revenue was $34.24B, missing the average analysts' forecast of $38.29B by -10.56%. The company's EBITDA was $49.15B, beating the average prediction of $13.78B by 256.64%. Itaú Unibanco's net income was $7.36B, missing the average estimation of $37.33B by -80.30%. The company's SG&A was $12.35B, missing the average forecast of $13.54B by -8.77%. Lastly, the company's EPS was $0.75, missing the average prediction of $0.872 by -13.98%