Investor Relations

Analyst Coverage

CONSENSUS

2024 2025
Net Revenue (R$ million) 8,435 9,331
Gross income (R$ million) 2,245 2,664
Gross Margin (%) 27% 29%
EBITDA (R$ million) 1,041 1,629
EBITDA Margin (%) 12% 17%
Net Income (R$ million) 345 907
Net Margin (%) 4% 10%
ROE (%) 5% 11%

ANALYSTS COVERAGE

INSTITUTION ANALYST TARGET PRICE RECOMENDATION
BB Banco de Investimento S.A. André Oliveira 17.50 Buy
BofA Global Research Carlos Peyrelongue 15.00 Buy
Bradesco BBI Bruno Mendonça 15.00 Buy
BTG Pactual Gustavo Cambauva 17.00 Buy
CITI André Mazini 9.00 Neutral
Itaú BBA Daniel Gasparete 12.00 Buy
JP Morgan Marcelo Motta 9.00 Neutral
Goldman Sachs Jorel Guilloty 11.00 Neutral
Morgan Stanley Alejandra Obregon 14.00 Neutral
Safra Luiz Pecanha 11.80 Buy
Santander Fanny Avino 14.00 Buy
UBS Victor Tapia 8.50 Neutral
XP Ygor Altero 17.00 Buy