CONSENSUS
| 2025 | 2026 | |
|---|---|---|
| Net Revenue (R$ million) | 10,034 | 10,575 |
| Gross income (R$ million) | 3,008 | 3,074 |
| Gross Margin (%) | 30% | 30% |
| EBITDA (R$ million) | 1,414 | 1,862 |
| EBITDA Margin (%) | 14% | 18% |
| Net Income (R$ million) | 364 | 783 |
| Net Margin (%) | 4% | 7% |
| ROE (%) | 9% | 10% |
ANALYSTS COVERAGE
| INSTITUTION | ANALYST | TARGET PRICE | RECOMENDATION |
|---|---|---|---|
| BB Banco de Investimento S.A. | Felipe Mesquita | 14.00 | Buy |
| BofA Global Research | Carlos Peyrelongue | 12.00 | Buy |
| Bradesco BBI | Bruno Mendonça | 11.00 | Buy |
| BTG Pactual | Gustavo Cambauva | 17.00 | Buy |
| Citi | André Mazini | 6.70 | Neutral |
| Itaú BBA | Daniel Gasparete | 10.00 | Neutral |
| JP Morgan | Marcelo Motta | 6.00 | Neutral |
| Goldman Sachs | Jorel Guilloty | 6.00 | Neutral |
| Morgan Stanley | Alejandra Obregon | 8.00 | Neutral |
| Safra | Rafael Rehder | 7.90 | Neutral |
| Santander | Fanny Oreng | 9.00 | Buy |
| UBS | Victor Tapia | 7.00 | Neutral |
| XP | Ygor Altero | 10.50 | Buy |
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